Investing in high-quality income-generating real estate across all sectors within the Western Cape.
Our investment portfolio is made up of 39 properties comprising a well-balanced mix of Industrial (63%), Commercial (26%), Retail (11%), real estate by gross lettable area (GLA).
The total gross lettable area of the portfolio is 487 418 m² which is let to 526 tenants divided into 47% A-grade, 45% B-grade, 5% C-grade tenants and 3% vacant ranging from JSE-listed entities to small or medium enterprises.
The geographically specialised portfolio gives Spear REIT the opportunity to focus on hands-on asset, tenant and portfolio management in the Western Cape. The portfolio presents stable income over the short, medium and long term with a number of redevelopment opportunities that will allow organic growth and increase of income in the portfolio.
KEY INDICATORS
39
Number of Properties
487 418
Gross Lettable Area (m2)
25 months
WALE
R5.53 BN
Asset Value
97%
Occupancy
Investor Communications
Blackheath Park, Blackheath
Spear REIT acquires Berg River Business Park in Paarl
Spear REIT has acquired the 30,000m² Berg River Business Park in Paarl for R182.15 million. This strategic move marks Spear’s first entry into the Paarl market, strengthening its Western Cape-focused industrial portfolio with a resilient, solar-enabled, multi-let logistics asset.
Spear reports strong FY2025 results with record growth and strategic acquisitions
Spear REIT has delivered a strong set of FY2025 results, with record growth in asset value, a landmark R1.15 billion portfolio acquisition, improved occupancy, and a positive outlook for FY2026. The company continues to strengthen its Western Cape focus while enhancing its ESG and energy strategies.
Spear REIT welcomes Joan Solms as Independent Non-Executive Director
Spear REIT has appointed Joan Solms as an Independent Non-Executive Director and member of its audit and risk committee. With over 20 years of experience in property and investment banking, Solms brings deep industry expertise and a longstanding connection to Spear’s journey in the Western Cape real estate market.
Spear REIT acquires Berg River Business Park in Paarl
Spear REIT has acquired the 30,000m² Berg River Business Park in Paarl for R182.15 million. This strategic move marks Spear’s first entry into the Paarl market, strengthening its Western Cape-focused industrial portfolio with a resilient, solar-enabled, multi-let logistics asset.