Spear Reit to sell Cape Town commercial property for R22.5m
It is part of the company’s strategy to sell noncore assets to reduce debt
18 April 2022 - 17:17
Spear Reit — which has a growing niche in convenience retail and industrial properties — will sell a commercial building in the busy node of Paarden Eiland in Cape Town to Snow Storm Investments for R22.5m.
The building at 8 Section Street is a flexible retail and office property leased to Inospace, a company that provides a range of spaces suitable for small and medium enterprises (SME) with flexible lease options...
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