Emira sells Western Cape portfolio to Spear for R1.1bn
The acquisition provides Spear with a strategic opportunity to meaningfully lift its market share within the province
02 April 2024 - 09:17
Emira Property Fund has agreed to sell 13 predominantly industrial and office properties situated in the Western Cape to Spear Reit for R1.146bn, it said on Tuesday.
The transaction forms part of Emira’s strategy to recycle capital and the net proceeds will initially be used to reduce debt and fund new acquisitions, Emira said in a statement...
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.