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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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