Spear REIT Limited (SEA: SJ), the only regionally specialised Real Estate Investment Trust (REIT) listed on the JSE, has reported its interim results for the half-year ending on the 31st August 2024 (HY2025). With REITs experiencing varied performance due to...
News
Spear raises R457 million in successful vendor consideration placement
Spear, a Real Estate Investment Trust (REIT) focused on investing in real estate within the Western Cape region, has announced the successful completion of an equity capital raise of R 457,75 million via a vendor consideration placement. This announcement follows the recent unconditional status of the acquisition of the Emira Western Cape portfolio, adding further impetus to its Western Cape-only-focused growth strategy.
SPEAR – Steady as she goes
Spear REIT (SEA:SJ) hosted its HY2025 pre-close presentation to shareholders via its YouTube channel on Thursday, 29 August. The theme of the pre-close aligned with the positive and stable macroeconomic landscape of the Western Cape. Spear remains the only regionally...
Spear REIT’s acquisition of Emira’s Western Cape portfolio gets the green light from shareholders
Spear REIT’s recent Category One acquisition of Emira Property Fund’s Western Cape portfolio took a significant step forward on 31 July 2024, as shareholders voted in favour of the purchase. With this approval, the transaction is now unconditional, paving the way for...
Sticking to the game-plan pays off for Spear REIT
Spear REIT (SEA: SJ), the only regionally focused REIT listed on the JSE, announced its FY2024 results. Since listing on the JSE, as a specialist REIT eight years ago, Spear has steadily grown its asset value to R4.62 billion, with a diversified portfolio of...
Spear REIT acquires R1,146 billion portfolio, propelling its Western Cape growth
Spear REIT acquires a R1,146 billion real estate portfolio from Emira Property Fund Limited, focusing solely on the Western Cape, enhancing its strategic growth and diversified assets, with impressive occupancy rates and profitability.
Spear REIT completes private placement, raises R313.5 million for growth strategy
Cape Town, 8 February 2024 Spear, a Real Estate Investment Trust (REIT) focused on the Western Cape region, has announced the successful completion of its private placement, resulting in commitments to subscribe for R313.5 million of new equity. In accordance with...
Airport Business Park set to become one of the key, light industrial and logistics hubs of economic growth and development in George
George, the second largest and fastest growing city in the Western Cape is about to shine as the new development hot spot, thanks to Airport Business Park, a ground-breaking project strategically located in the heart of George. Set to become the hub of economic...
SPEAR REIT swimming upstream in the Western Cape for the first six months of 2023
SPEAR REIT LIMITED (JSE: SEA) the Cape-based regional Real Estate Investment Trust listed on the JSE, has released its unaudited consolidated interim results for the first half of 2023 Spear REIT has declared an interim Distribution per Share (DPS) of 38.33 cents for...
Spear initiates R400 million industrial development in George
Spear REIT Limited, the Western Cape REIT, has announced the launch of a new industrial development in George. Located on the corner of the R102 and R404, adjacent to George airport, the development, to be known as GTX Park that is situated within the Airport...
Spear REIT: Strong Asset Management Strategies and Favourable Market Position Support Growth Prospects
Spear REIT Limited (SEA on JSE), a prominent South African real estate investment trust (REIT), is gaining attention for its robust asset management strategies and favourable market position.
Spear REIT posts an 11.31% growth in distribution per share for FY23 despite tough trading environment
Discover the impressive financial results and strategic objectives of Spear REIT Limited (JSE: SEA) during its FY23 reporting period. With a focus on the Western Cape real estate market, strong hands-on asset management, and a robust financial position, Spear REIT Limited has achieved significant growth and navigated a challenging trading environment successfully.
Western Cape leads commercial property recovery
A total of R16.7bn of direct investment in the property sector was reported nationally, with the Western Cape and Gauteng markets driving the transactions. According to the recently published Jones Lang LaSalle’s (JLL) South African Real Estate Investment Review and Outlook for 2022/23, although total property investment in…
Spear REIT’s solar strategy gives its property portfolio a competitive edge
With PV solar already installed at 16 of its 30 assets, currently generating in excess of 5,2MW for the portfolio with further scaling this year to 7,2MW, Spear REIT remains on track with its strategy to mitigate the country’s current energy crisis by investing in a non-fossil fuel generated electrical supply.
Spear REIT sells final hospitality asset 15 on Orange for R 246 million
Spear REIT announced on the Stock Exchange New Service today that it concluded the disposal of its final hospitality holding, Cape Town hotel 15 on Orange. The R246 million deal marks its exit from this asset class. Spear CEO Quintin Rossi said; “It has been our strategy, as announced in 2019, to exit the hospitality sector and our disciplined approach to stay on the course has been achieved with the successful sale of this property.”
Spear REIT Acquires 21 000m² “The Island” Urban Logistics Park in Cape Town
Covid 19 brought change to every corner of the world, humanity was forced to re-evaluate almost every aspect. So to Spear Reit needed to take stock. Christiaan Barnard, our CFO, was recently featured in an article on CFO South Africa, published with permission below. In the article he discusses, amongst others, the critical group thinking we deployed, the power of our relationships with our client and the strong linkages within our team.
Keeping a cool head during uncertain times
Covid 19 brought change to every corner of the world, humanity was forced to re-evaluate almost every aspect. So to Spear Reit needed to take stock. Christiaan Barnard, our CFO, was recently featured in an article on CFO South Africa, published with permission below. In the article he discusses, amongst others, the critical group thinking we deployed, the power of our relationships with our client and the strong linkages within our team.
Spear REIT proceeds with R74m redevelopment of Blackheath Park for Bravo Brands
Transactions within the Cape Town industrial property sector are certainly demonstrating that the market is bouncing back, according to property specialist and Spear REIT’s head of leasing, James Bylos. Bravo Brands, the South African home comfort group, has entered a...
Deglobalisation delivers local supply chain and manufacturing opportunity
Commentators report the world in the throes of deglobilisation a trend whereby countries are reducing their interdependence on global economies, cultures and populations and relying more on local support. This shift in economic activity is impacting the flow of...
The Western Cape – not only sunshine, sandy beaches and tourism
It has been well reported that the tourism sector was arguably the hardest hit of all thanks to Covid, lockdowns and subsequent travel restrictions. South Africa received over 2 million international tourist arrivals in 2020, which was a decrease of -72.6% from 2019....
Trading Statement – 05 April 2022
In terms of the JSE Limited Listings Requirements, a listed property entity may adopt distribution per share as the applicable criteria for trading statement purposes and is then required to publish a trading statement as soon as it becomes reasonably certain that the...
The changing face of urbanisation – boosting the demand for real estate across all property sectors
Way back when, urbanisation was the process in which rural communities grew to form cities or urban centres and, by extension the growth and expansion of those cities. Simply put, a particularly prosperous and efficient village attracted the attention of other, less...
Are semigrants to Cape Town driving a property sector recovery?
Earlier this year Lighthouse Properties reported that 43% of homeowners who sell their properties in Gauteng, buy another property in a different province, and of this percentile, 36% are buying in Cape Town and the Western Cape. This semigration is believed to be...
Spear REIT Limited continues to outperform
“Spear’s assets under ownership of its core portfolio have increased 117% since the start of the 2018 financial year. The strong performance of the core portfolio stands testament to the value investing nature of management and ability to actively manage assets that...
Spear hunts down benefits of ‘semigration’
Western Cape real-estate veteran Mike Flax and his understudy, Quintin Rossi, are banking on “semigration” across wealth brackets into the province to drive their latest property fund. The pair say their company, Spear, may be able to deliver sector-beating dividend...
Solid results for Western Cape’s Spear REIT as it ups dividends for shareholders
Despite concerns over a crippling drought in a region where it primarily focuses, Spear REIT Limited posted a solid set of year-end financial results for the period ended February 2018. Spear has positioned itself as unique in that it places all its focus on Western...
Spear appoints new CEO, continues to outperform with latest results
Spear REIT Limited has advised its shareholders that they will continue to target high dividend growth within a range of 9.11% per annum. Read Full Article
Sean McCarthy elected as non-executive to Spear’s Board of Directors
Newly listed Spear REIT Limited has appointed Sean McCarthy as a non-executive director to the Board of Directors of the company. Read Full Article
Spear delivers on its promises – Business Day
Spear delivers strong performance
Plenty more rooms at the inns – Financial Mail
Sake24 – Acquisitions Focus
Room to grow – Cape Business News
Spear goes all out
Mike Flax – The Midas Touch
http://www.reimag.co.za/2017/05/25/mike-flax-the-midas-touch/
Spear REIT delivers -Property Wheel
https://propertywheel.co.za/2017/05/newly-listed-spear-reit-delivers-with-first-set-of-financial-results/
Spear REIT continues on acquisition path
http://www.eprop.co.za/commercial-property-news/item/20633-spear-reit-limited-continues-on-acquisition-path-with-high-quality-western-cape-assets.html
Spear maintains buying energy – Business Live
https://www.businesslive.co.za/bd/companies/property/2017-03-24-spear-maintains-buying-energy/
Spear REIT Limited officially listed on the JSE
Spear Reit Limited officially listed on the Johannesburg Stock Exchange (JSE) yesterday, 11 November at 9am under share code SEA:SJ. We are extremely proud of our team that made this day a reality and know that hard work and determination will be key to our success...
Spear REIT Limited – Pre-listing Statement
Download Pre-listing Statement
Spear to bring it’s Cape speciality to market
There will be a feeling of déjà vu about November’s listing on the JSE of Spear Reit, a property investment vehicle focusing exclusively on the Western Cape. Spear is headedby Mike Flax, who brought a similarly Western Cape-focused Spearhead Properties to the JSE in...
Tyger Valley gets CID
After 30 months of planning and getting the necessary approval, a large portion of the Tyger Valley commercial district will get its own City Improvement District (CID). This special rated area or CID started out as the brain child of Quintin Rossi, one of the owners...
Grondeis-grond Huisves Superluukse Ontwikkeling
Johannesburg. – Prima ontwik-kelingsgrond aan die Atlantiese seekus, wat deel was van ‘n grondeis van die Tramway Road-gemeenskapstrust, gaan een van die eksklusiefste residensiele ontwikkelings in Kaapstad huisves.
A Journey of a Thousand Miles Starts with One Step
Apart from investing in strategic properties in the Western Cape, Spear Properties is rallying behind the rejuvenation of some of Cape Town’s key commercial nodes. We speak to Spear Properties’ Managing Director Quintin Rossi about the company’s growth in and invested...
The Spear of the Renaissance
Exciting new project coming In August 2012 a substantial portion of properties on Edward Street, Tygervalley changed hands and were acquired by Spear Properties which is headed up by Cape Town property players Quintin Rossi, Mike Flax and Abu Varachhia. Managing...
Keeping Entrepreneurial Flair in Growing Young Fund
The property sector has seen some consolidation and revisiting of strategies among many of the major listed property funds and owners in recent years, but this has also opened up opportunities for other players to enter the market and make use of the gaps that this...
DoubleTree by Hilton
We have recently concluded a long term franchise agreement with Double Tree by Hilton. The Upper Eastside Hotel now trades as Double Tree by Hilton – Upper Eastside, Cape Town. www.capetownuppereastside.doubletree.com
DoubleTree by Hilton at the Upper Eastside & Offices
Featuring a luxury hotel, world class conferencing facilities, stylish apartments, great shops, an outdoor amphitheatre and trendy offices, the Upper Eastside has something for everyone. Whether you’re in town for business, taking in beautiful Cape Town or you’re a local looking for the latest hip and happening hub this is the place to be.