Emira Property Fund (JSE: EMI) has agreed to sell basically all its wholly owned Cape Town properties in a sizeable R1.1 billion transaction, which will create significant and immediate liquidity for Emira to pursue its strategy.

Proving their solid strategy of investment into high quality Western Cape-only assets, across well aligned property tiers, the latest figures show a strong balance sheet and sound trading performance through a challenging six-month period.

Transactions within the Cape Town industrial property sector are certainly demonstrating that the market is bouncing back, according to property specialist and Spear REIT’s head of leasing, James Bylos.

SPEAR REIT LIMITED (JSE: SEA) marked the sixth reporting period since its debut on the JSE with a 16.36% growth in distribution per share for the 2022 financial year. 

Spear REIT Limited (SEA:SJ), with its exclusive focus on high quality Western-Cape only assets, released its FY2021 results on 14 May 2021.

JSE listed Spear REIT Limited, the owner of the Double Tree by Hilton Cape Town, is the first in South Africa to launch an innovative self-quarantine accomodation solution.

Newly listed Spear REIT Limited has appointed Sean McCarthy as a non-executive director to the Board of Directors of the company.

Regionally-focused JSE main board-listed property group Spear REIT Limited has acquired several new properties which fit their mandate of investing in high quality real estate based within Western Cape growth nodes.

There will be a feeling of déjà vu about November’s listing on the JSE of Spear Reit, a property investment vehicle focusing exclusively on the Western Cape.