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Focused W Cape Reit set for JSE

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The new JSE logo. (Supplied)
The new JSE logo. (Supplied)

Cape Town - Some of the Western Cape’s top properties are set to debut on the JSE with local real estate investment trust, Spear Reit, preparing to list early in November this year.

Spear, with property experts Mike Flax as chief executive officer, Quintin Rossi as managing director and Abu Varachhia as non-executive chair at the helm, boasts ownership of a quality Western Cape focused portfolio of diversified retail, industrial, office, hospitality and residential properties.

Located in the country’s highest growth area and with high quality tenancies and lease covenants, Spear aims to provide investors access to a prime real estate portfolio that will deliver sustainable dividend growth ahead of inflation and in the top quartile of its peer group.

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