Spear REIT has acquired Consani Industrial Park in Elsie’s River for R437.3 million, strengthening its Western Cape industrial footprint with a high-yield, multi-let asset backed by long-term leases.
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.