Spear REIT has extended its long-standing support for Bonginkosi Educare Centre in Khayelitsha by sponsoring 300 nutritious pies from Metro Pie each week. The pies are delivered to the centre every Wednesday, providing a wholesome meal for the children in their care. This initiative builds on Spear’s commitment to the Educare Centre, which has been ongoing for over 10 years.
Bonginkosi Educare Centre is a non-profit educational institution dedicated to nurturing, feeding and educating the children of the Khayelitsha community. Currently caring for close to 300 young learners, the centre has provided assistance to more than 10,000 children since its inception.
Jacobus Bouwer, owner of Metro Pie and a tenant of Spear at Viking Park, expressed his appreciation for this initiative; “It’s an honour for Metro Pie to contribute to such a meaningful cause. We are proud to provide pies to Bonginkosi Educare Centre and take special care to ensure they are both healthy and enjoyable for the children. Knowing that we can bring joy and nourishment to their lives makes this initiative incredibly rewarding.”
Sue Maartens, Principal of Bonginkosi Educare Centre, highlighted the positive impact of this collaboration, saying: “The children really look forward to Wednesdays when the Metro Pie deliveries arrive. These weekly donations from Spear make a big difference in their lives, not just by providing healthy meals but also by showing them that they are cared for and valued by our community.”
About Spear REIT
Spear was founded in 2011 as a private equity real estate investment business focusing on owning Western Cape assets with a Cape Town preference. The founders of Spear, industry stalwarts Mike Flax, Abu Varachhia and Quintin Rossi have propelled Spear from a private equity fund to a JSE listed REIT as the only regionally focused REIT on the JSE that exclusively focuses on owning high-quality assets within the Western Cape. Quintin Rossi is Group Chief Executive Officer supported by a highly competent executive team being Chief Financial Officer Christiaan Barnard, Chief Investment Officer Kim Pfaff-Karg and Chief Operations Officer Cliff Toerien.
Spear achieves specialisation through its focused regional investments, while its diversification strategy is driven by investing across a variety of asset types. Since being listed on the JSE in November 2016 with assets valued at R1.4 billion, Spear has grown significantly. Year-to-date, excluding assets pending transfer, Spear’s current portfolio is valued at R5.37 billion, comprising a mix of commercial, industrial, retail, and mixed-use properties.
Spear is a fully internally managed REIT conducting all asset, property, financial and development management in-house. Spear owns the iconic No.2 Long Street in Cape Town which is currently where its head office is located. Website: https://spearprop.co.za/
