Spear to acquire Western Cape properties from Emira

JSE-listed real estate investment trust (Reit) Emira and its wholly owned subsidiaries have agreed to dispose of 13 predominantly industrial and office properties situated in the Western Cape to Spear Reit for R1.15-million in cash. On March 28,  Spear entered into two inter-conditional sale of rental enterprise agreements with Emira Property Fund in terms of which Spear will buy the Western Cape property portfolio, comprising various properties and the rental enterprises conducted by the sellers on the properties as going concerns, in one indivisible transaction.

Read More

Engineering News | Home