Western Cape real-estate veteran Mike Flax and his understudy, Quintin Rossi, are banking on “semigration” across wealth brackets into the province to drive their latest property fund.
The pair say their company, Spear, may be able to deliver sector-beating dividend growth because of this growing trend.
Spear REIT has strengthened its decade-long support for Bonginkosi Educare Centre in Khayelitsha by sponsoring 300 nutritious pies weekly, delivered by Metro Pie. This initiative ensures wholesome meals for nearly 300 young learners, reinforcing community care and nourishment.
Spear REIT Limited (SEA: SJ), the only regionally specialised Real Estate Investment Trust (REIT) listed on the JSE, has reported its interim results for the half-year ending on the 31st August 2024 (HY2025). With REITs experiencing varied performance due to...
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.