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
28
Number of Properties
409 868
Gross Lettable Area (m2)
27 months
WALE
R4.22bn
Asset Value
92%
Occupancy
Investor Communications
Blackheath Park, Blackheath
Airport Business Park set to become one of the key, light industrial and logistics hubs of economic growth and development in George
George, the second largest and fastest growing city in the Western Cape is about to shine as the new development hot spot, thanks to Airport Business Park, a ground-breaking project strategically located in the heart of George. Set to become the hub of economic...
SPEAR REIT swimming upstream in the Western Cape for the first six months of 2023
SPEAR REIT LIMITED (JSE: SEA) the Cape-based regional Real Estate Investment Trust listed on the JSE, has released its unaudited consolidated interim results for the first half of 2023 Spear REIT has declared an interim Distribution per Share (DPS) of 38.33 cents for...
Spear initiates R400 million industrial development in George
Spear REIT Limited, the Western Cape REIT, has announced the launch of a new industrial development in George. Located on the corner of the R102 and R404, adjacent to George airport, the development, to be known as GTX Park that is situated within the Airport...
Airport Business Park set to become one of the key, light industrial and logistics hubs of economic growth and development in George
George, the second largest and fastest growing city in the Western Cape is about to shine as the new development hot spot, thanks to Airport Business Park, a ground-breaking project strategically located in the heart of George. Set to become the hub of economic...