Spear REIT Limited has advised its shareholders that they will continue to target high dividend growth within a range of 9.11% per annum.
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.
