Spear REIT Limited is acquiring a premium grade office portfolio in Tygervalley for R960 million from Ingenuity Property Investments.

Located at 1 Sportica Crescent, the three office buildings comprise approximately 28 500m² of GLA and are let to blue-chip corporate tenants.

The initial acquisition yield to shareholders will be 9.67% – ahead of Spear REIT’s cost of capital, together with average annual rental escalations of 6.5%.

The transaction is expected to transfer on or about the 1^st of November 2026, subject to regulatory approvals.