{"id":8315,"date":"2025-05-23T17:02:26","date_gmt":"2025-05-23T15:02:26","guid":{"rendered":"https:\/\/sareit.co.za\/?p=8315"},"modified":"2025-05-23T17:02:26","modified_gmt":"2025-05-23T15:02:26","slug":"spear-reit-acquires-berg-river-business-park-in-paarl","status":"publish","type":"post","link":"https:\/\/muddev.co.za\/sareit\/spear-reit-acquires-berg-river-business-park-in-paarl\/","title":{"rendered":"Spear REIT acquires Berg River Business Park in Paarl"},"content":{"rendered":"<p>Spear REIT has announced the acquisition of the Berg River Business Park, a 30,000m\u00b2 multi-let industrial park in Paarl, Western Cape.<\/p>\n<p>The acquisition value is recorded at R182,150,000, with an initial yield to the Spear platform of 9.35%. The transaction will be settled via a Section 42 asset-for-share arrangement, with the sellers receiving the full value of their equity in Spear shares.<\/p>\n<p>Located at 46 Distillery Street, along the Berg River in the Drakenstein Municipality, the Berg River Business Park serves a mix of tenants across the food, agriculture, wine, and clothing sectors. The area forms part of a growing industrial node in the Western Cape and benefits from its proximity to the N1 highway, enhancing logistical efficiency for its tenants.<\/p>\n<p>Key Features of Berg River Business Park:<\/p>\n<ul>\n<li>Strategic Access: Proximity to major routes, including Lady Grey Street and the N1 highway.<\/li>\n<li>Security Infrastructure: The park features 24-hour security, CCTV surveillance, and electric fencing.<\/li>\n<li>Energy Efficiency: This includes solar power generation capacity, reducing energy costs, and reducing environmental impact.<\/li>\n<li>Operational Resilience: Offers a power supply capacity of 3,500 kVA and full load-shedding redundancy.<\/li>\n<li>Connectivity: Equipped with high-capacity fibre-optic infrastructure.<\/li>\n<li>Flexible Industrial Space: Units designed with high clearance, modern amenities, and ample yard areas to support various operational requirements.<\/li>\n<\/ul>\n<p>Commenting on the acquisition, Quintin Rossi, CEO of Spear REIT, said: \u201cOne of the advantages of Spear\u2019s Western Cape focus is that the entire province presents investment opportunities. This high-quality acquisition marks our entry into the Paarl real estate market and our first investment in the well-established industrial node of Paarl Industrial. We are very pleased with the asset type, the tenant mix, and the solid rental growth prospects that this food and agri-logistics park brings to the core Spear portfolio.\u201d<\/p>\n<p>The acquisition marks Spear\u2019s continued strategy to grow its portfolio in high-performing nodes across the Western Cape, with a particular focus on assets that offer income resilience and long-term capital appreciation potential.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spear REIT has announced the acquisition of the Berg River Business Park, a 30,000m\u00b2 multi-let industrial park in Paarl, Western Cape. The acquisition value is recorded at R182,150,000, with an initial yield to the Spear platform of 9.35%. The transaction will be settled via a Section 42 asset-for-share arrangement, with the sellers receiving the full [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":8311,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":""},"categories":[9],"tags":[170,80,35,48],"class_list":["post-8315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-members-news","tag-berg-river-business-park","tag-portfolio-growth","tag-sa-reit-association","tag-spear-reit"],"featured_image_src":{"landsacpe":["https:\/\/muddev.co.za\/sareit\/wp-content\/uploads\/2025\/05\/Berg-River-Business-Park-Paarl_-jpg.1.jpg",768,432,false],"list":["https:\/\/muddev.co.za\/sareit\/wp-content\/uploads\/2025\/05\/Berg-River-Business-Park-Paarl_-jpg.1-463x348.jpg",463,348,true],"medium":["https:\/\/muddev.co.za\/sareit\/wp-content\/uploads\/2025\/05\/Berg-River-Business-Park-Paarl_-jpg.1-300x169.jpg",300,169,true],"full":["https:\/\/muddev.co.za\/sareit\/wp-content\/uploads\/2025\/05\/Berg-River-Business-Park-Paarl_-jpg.1.jpg",768,432,false]},"_links":{"self":[{"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/posts\/8315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/comments?post=8315"}],"version-history":[{"count":0,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/posts\/8315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/media\/8311"}],"wp:attachment":[{"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/media?parent=8315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/categories?post=8315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/muddev.co.za\/sareit\/wp-json\/wp\/v2\/tags?post=8315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}