Spear Reit, the JSE’s only Western Cape-focused landlord,  credited asset selection and regional focus for riding out the Covid-19 storm, allowing it to raise its interim payout ratio as it eyes a recovery in office occupancies and the province's battered tourism industry.

Spear's “less is more” approach to assets, with four of its five biggest ones worth more than R400m, has helped the group get through the pandemic with occupancies above 90%, CEO Quintin Rossi told Business Day...

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