News

Sticking to the game-plan pays off for Spear REIT

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...

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Western Cape leads commercial property recovery

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…

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Spear REIT sells final hospitality asset 15 on Orange for R 246 million

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.”

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Spear REIT Acquires 21 000m² “The Island” Urban Logistics Park in Cape Town

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.

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Keeping a cool head during uncertain times

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.

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Trading Statement – 05 April 2022

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...

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Spear REIT Limited continues to outperform

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...

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Spear hunts down benefits of ‘semigration’

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...

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Spear REIT Limited officially listed on the JSE

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...

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Spear to bring it’s Cape speciality to market

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...

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Tyger Valley gets CID

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...

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A Journey of a Thousand Miles Starts with One Step

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...

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The Spear of the Renaissance

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...

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Keeping Entrepreneurial Flair in Growing Young Fund

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...

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DoubleTree by Hilton

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

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DoubleTree by Hilton at the Upper Eastside & Offices

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.

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