Spear completes sale of Liberty Life Building to Capitec Bank
Proceeds are being used to settle debt and for the Emira Western Cape property acquisition
29 May 2024 - 13:17
Western Cape-focused property fund Spear Reit has completed the sale of the Liberty Life Building to Capitec Bank for R400m.
The company announced in February it had entered into a sale of rental enterprise agreement with Capitec Bank for the disposal of the property, known as Erf 6281 Montague Gardens, and the rental enterprise conducted by Spear on the property, as a going concern...
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