Spearhead Property Holdings has continued to acquire properties

Spearhead’s Chief Executive, Mike Flax, quoting data supplied by I-Net Bridge, reports that Spearhead was over the last three years ranked the second top performer out of the 25 on the JSE listed property sector.

Higher earnings expected

SHOPS for Africa, a listed property loan stock company on the JSE Securities Exchange SA, said at the weekend it had acquired a major share in Sammy Marks' Square, a shopping centre located alongside the State Theatre in the Pretoria central business district.

A year ago Mike Flax, Chief Executive Officer of Spearhead Property Holdings, the JSE listed property loan stock company, said that he expected to be able to triple the company's R350 million property portfolio within five years

Fulfilling a promise made just over a year ago that Spearhead Property Holdings would significantly increase both the size and the quality of its property portfolio, Mike Flax, CEO of the company, has committed Spearhead to R110m capital expenditure to purchase three major landmark Cape buildings.

Stock buoyant: units buck market trend with 44% growth Spearhead builds on its property share success.

Property loan stock company Spearhead Property Holdings and black empowerment group Lukhanyo have formed a joint venture property trading operation.

PURSUING its growth plan which is designed to add some 20% annually to its asset base and turnover, Spearhead Property Holdings, the JSE-listed property loan stock company, has formed a joint venture with the Lukhanyo group, one of the fastest growing black empowerment companies in South Africa.

THE property syndication industry has been brought to a standstill largely as a result of a lack of liquidity, says Mike Flax, MD of Spearhead Property Holdings.