Newly listed Spear REIT Limited has appointed Sean McCarthy as a non-executive director to the Board of Directors of the company.
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 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 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.