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

Western Cape-focused real estate investment trust Spear REIT has concluded a long-term agreement with Mambos Storage & Home to develop the retailer’s flagship 7,150 m² distribution centre in Blackheath, Cape Town.

Western Cape-focused Spear REIT Limited has announced the acquisition of a premium grade office portfolio in Tygervalley, Cape Town, for R960 million, further expanding its footprint in one of the Western Cape’s strongest-performing commercial precincts. The...

Western Cape-focused Spear REIT Limited has delivered guidance-beating results for the financial year ended 28 February 2026, reporting a 6.02% year-on-year increase in both distributable income per share (DIPS) and distribution per share (DPS). The performance...