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 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 FY2025 Pre-Close reflects a transformative year
Cape Town, 28 February 2025 – Spear REIT Limited (JSE:SEA), the Western Cape-focused real estate investment trust has provided an operational and financial update in its FY2025 pre-close presentation for the period ending 28 February 2025. Spear REIT's FY2025 stands...
Nourishing young lives: Spear REIT strengthens support for Bonginkosi Educare Centre with Metro Pie donations
Spear REIT has strengthened its decade-long support for Bonginkosi Educare Centre in Khayelitsha by sponsoring 300 nutritious pies weekly, delivered by Metro Pie. This initiative ensures wholesome meals for nearly 300 young learners, reinforcing community care and nourishment.
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.