Investing in high-quality income-generating real estate across all sectors within the Western Cape.
Our investment portfolio is made up of 28 properties comprising a well-balanced mix of Industrial (56%), Commercial (32%), Retail (12%), real estate by gross lettable area (GLA).
The total gross lettable area of the portfolio is 443 155 m² which is let to 419 tenants divided into 37% A-grade, 55% B-grade, 2% C-grade tenants and 6% 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
30
Number of Properties
426 542
Gross Lettable Area (m2)
26 months
WALE
R4.62bn
Asset Value
93.12%
Occupancy
Investor Communications
Blackheath Park, Blackheath
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...
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.