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

Shops For Africa Ltd, which has been operating under a cautionary since early June 2007, is planning to relist on the JSE as a new look, recapitalised property investment and development company to be called SA REIT LTD

Spearhead Property Holdings said yesterday it had negotiated deals which would result in 25% of its shareholding being in black hands.