Spear REIT Limited

Spear has successfully completed a vendor consideration placement of R 457,7 million rand to bolster its growth plans in the Western Cape. Spear REIT CEO Quintin Rossi affirmed, "Spear has remained laser-focused on building a high-quality, regionally centered real estate portfolio that consistently generates sustainable cashflows and profitability. The proceeds of Spear's vendor consideration placement will be put to work to generate a mission-statement-aligned return for all stakeholders post the implementation of the new portfolio acquisition along with seeking out attractive portfolio growth opportunities within the region." The Western Cape has stood out as the most desirable real estate investment and development market in South Africa as Provincial and Municipal investment fundamentals outpace the balance of South Africa, resulting in improved economic activity, boding well for real estate valuations and rates of return. Spear is on the cusp of implementing its R 1,146 billion acquisition of a 13-asset Western Cape-only portfolio from the Emira Property Fund, which will see its assets under ownership increase to R 5,3 billion post implementation. The acquired assets constitute a diversified portfolio of 93 500m2 comprising high-quality industrial, medical retail and commercial offices in attractive and well-established Cape Town nodes. Following the new portfolio acquisition, management will continue to seek incremental investment and development opportunities, while also exploring diversified portfolio options within the Western Cape, in line with its investment strategy. The full press release can be found on: https://lnkd.in/dwPRvv6h #Spear #SpearREIT #SpearREITLImited #WeInvestWesternCape #WesternCape #BreakingNews Quintin Rossi Christiaan Barnard Kim Pfaff-Karg Cliff Toerien

Spear CEO, Quintin Rossi will be speaking at the 15th Annual API Summit on 19th & 20th September at The Westin, Cape Town. #Spear #WeInvestWestenCape #APISummit2024 #AfricanProperty #RealEstateSummit #SpearReit #WesternCape API Events

Spear REIT Limited CEO, Quintin Rossi will be speaking at the 15th Annual API Summit to be held in Cape Town this coming week! The speaker line up is world class with top real estate minds unpacking trends, opportunities, challenges and past learnings that is sure to make for top quality take home value! Date: 19 & 20 September at The Westin, Cape Town. Registration details below: Register now at https://lnkd.in/dTsVT5DD Or alternatively use this link http://www.apisummit.co.za #APISummit2024 #AfricanProperty #RealEstateSummit #Westerncape #Reit #Realestate #Realestateinvestmenttrust

Spear REIT: A Strong Foundation in the Western Cape We're thrilled to share the positive progress we've made in our Western Cape portfolio. Our strategic focus on this region continues to deliver exceptional results. Key achievements: Increased occupancy: Our occupancy rates have steadily risen, reaching 95% year-to-date. This is a testament to the quality and desirability of our properties. Rental growth: We've experienced healthy rental increases, reflecting the robust demand for our assets. Positive market conditions: The recent elections and reduced load shedding have created a favourable environment for businesses in the Western Cape. Our team remains committed to providing exceptional value to our investors and tenants. We're confident in our ability to continue delivering sustainable growth and long-term success. Stay tuned for more updates on our exciting developments! Read the full article here: https://lnkd.in/dWBsS4xv #SpearREIT #WesternCape #PropertyInvestment #RealEstate #SouthAfrica Quintin Rossi Property Wheel

Spear’s Chief Investment Officer, Kim Pfaff-Karg shared her real estate journey to date with Suren Naidoo of The Property Pod by Moneyweb in the final podcast of the Women’s Month Property Pod series. Kim exemplifies the leadership and professional qualities required to successfully navigate the South African listed property sector. Kim is a powerful example of the vital role women play in the real estate sector and the macro-economy as she continues to inspire the next generation of real estate professionals. Listen to the podcast here: https://lnkd.in/g6S9mcdh #Spear #SpearREITLimited #SpearREIT #WeInvestWesternCape #Moneyweb #Podcast #Property #ThePropertyPod

Spear Management will be hosting a HY25 pre-close investor presentation at 11:00 AM on 30 August 2024, followed by a Q&A session with CEO Quintin Rossi and CFO Christiaan Barnard. Watch the presentation here: https://lnkd.in/dimicebv Questions to be email to: info@spearprop.co.za #Spear #SpearREIT #SpearREITLimited #WeInvestWesternCape #HY25 #FinancialResults #RealEstateInvestment Kim Pfaff-Karg

Celebrating all the extraordinary women within South Africa, Spear and the greater real estate sector who are making a meaningful difference in our world everyday. Happy Women’s Day! #Spear #SpearREITLimited #WomensDay #WeInvestWesternCape

We are rallying behind Luke Michael as he fights at EFC 116 for the EFC Middleweight title tonight! All at Spear backs you all the way, Luke! Time to dominate the hexagon and bring home the belt, Luke! #Spear #SpearREIT #LukeMichael #EFC116 World Sports Betting

Western Cape: A leader in South African property investment 📈 The Western Cape is a top destination for property investors in South Africa, according to a recent article by Cape Town Etc. The province has seen a surge in investment applications, driven by factors like high housing demand, a stable government, and a growing rental market. Spear is proud to have a Western Cape focused portfolio. Learn more about why the Western Cape is a top choice for investors. Read the article here: https://lnkd.in/d-MGPAaS #Spear #SpearREIT #SpearREITLimited #WeInvestWesternCape #WesternCape #Investment

South Africa's property market shows signs of recovery in Q2 2024 A recent report by Property Wheel dives into the state of South Africa's property market for Q2 2024. The report highlights positive trends in the industrial sector, with strong rental growth and low vacancy rates. The office sector is also showing signs of improvement, with vacancy rates declining. However, house prices in the residential sector are growing below inflation. Overall, the report offers a cautiously optimistic outlook for the property market, supported by the formation of a new government and expectations of lower interest rates. Read the article here: https://lnkd.in/dKqED__T #Spear #SpearREIT #SpearREITLimited #WeInvestWesternCape #SouthAfrica #PropertyMarket #RealEstate #Investment