Spear aims to own only assets that provide fixed income streams
Reit plans to sell one of its two hotels — the DoubleTree by Hilton — by the end of its 2022 financial year
29 August 2021 - 17:19
The investment case for Western Cape-focused real estate investment trust (Reit) Spear has only strengthened through Covid-19 due to its well-managed mix of high-quality Cape Town assets.
The company, which is the only Reit that invests solely in the Western Cape, intends to sell one of its two hotels by end-February 2022 as it aims to own only assets that provide fixed income streams...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.