Listed property made investors rich last year, but is it 2005’s best buy, ask Adele Shevel and Chris Needham

It is beginning to be evident to those who track the fortunes of Cape property companies that Spearhead, although still a long way off being in the big league of property owners is very definitely "thinking big" – and is growing its portfolio faster than any other Cape property holding/development company.

Spearhead Property was set to double the size of its property portfolio

Future looks bright after restructuring

Portfolio grown by 30% this year

Listed property loan stock company Spearhead Property Holdings reported a 13% increase in distributions to linked unitholders for the year ended June

Spearhead Property Holdings, the JSE Securities Exchange listed company, has increased its portfolio by a massive R33 million as a result of making two large new purchases, both at the Cape. These will take the total value of Spearhead’s assets up to well above R600 million – and keep it on track to achieve its target of a R1 billion portfolio within the next three years – possibly even sooner.

"Internal management" and Executive/Company goal congruency behind Spearhead success

The sector offers good value relative to cash or bonds, writes Chris Needham

Reaction to the six month results ending December 31st 2003 from Spearhead Property Holdings has been excellent and the company is now increasingly seen as being in the "exclusive category of real performers on the JSE Securities Exchange".