Spear to spend R74m redeveloping Blackheath Park for its main tenant

Transactions within the Cape Town industrial property sector are certainly demonstrating that the market is bouncing back, according to property specialist and Spear REIT’s head of leasing, James Bylos.

Bravo Brands, the South African home comfort group, has entered a 10-year lease with Spear REIT at Blackheath Park, in Cape Town. Spear REIT will be redeveloping approximately 50% of the 38 000m2 industrial premises. These conversions will enable Bravo Brands to bolster the production and distribution capacity of its lounge brands for both local and international markets.

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