Solid results for Western Cape’s Spear REIT as it ups dividends for shareholders

Jul 5, 2018 | News

Despite concerns over a crippling drought in a region where it primarily focuses, Spear REIT Limited posted a solid set of year-end financial results for the period ended February 2018. Spear has positioned itself as unique in that it places all its focus on Western Cape properties.

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Spear raises R457 million in successful vendor consideration placement

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.

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