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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.
Spear REIT Limited has declared a first dividend of 16.75% over their forecast in the company’s first set of financial results since listing on the Johannesburg Stock Exchange in November last year.
Cape Reit Spear Reit becomes the first Western Cape region-specific property fund to list on the JSE.
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.
A prime piece of land in Bantry Bay, once a land claim belonging to the Tramway Trust, is now under development and set to become the biggest development ever in Cape Town.
Redefine Properties today announced that Mike Flax has tendered his resignation as Non-executive Director of Redefine. Flax plans to focus on his personal property interests.
Redefine Properties Limited has announced the appointment of executive director, David Rice as chief operating officer (COO) of the company and the resignation of Mike Flax and Brian Azizollahoff as executive directors
The South African property sector presents companies like Redefine with a scenario that is extremely favourable for yield enahncing deals
The South African property sector presents companies such as Redefine Properties with a scenario that is “extremely” favourable for accretive deals capable of enhancing a property company’s bottom line.
Redefine Properties, has acquired four A-grade buildings for R520m in its continuing strategy of buying properties located in core markets.