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
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.
Strength in strategy: Spear REIT reports growth and resilience for HY2025
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...
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.
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.