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Spear REIT acquires Consani Industrial Park for R437.3 million
The Star
|July 29, 2025
WESTERN Cape-focused Spear REIT has acquired Consani Industrial Park in Elsie's River Industria for R437.3 million from Adrenna Property Group.
Spear directors said the acquisition aligns with their strategy to grow a portfolio of well-located industrial assets within the province. The acquisition would diversify and strengthen their exposure to "highly sought after industrial nodes in the region."
"Consani Industrial Park possesses strong fundamentals and favourable prospects for rental income growth and long-term capital appreciation." Spear's management said Monday. The precinct was attracting large-format occupiers reliant on energy continuity and organic growth options within Consani Industrial Park, they said.
यह कहानी The Star के July 29, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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