Termination of the Agreement of Lease for 15 On Orange
SPEAR REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/407237/06)
Share Code: SEA
ISIN: ZAE000228995
LEI: 378900F76170CCB33C50
Approved as a REIT by the JSE
(“Spear” or “the Company”)TERMINATION OF THE AGREEMENT OF LEASE FOR 15 ON ORANGE
Shareholders are hereby advised that Spear Reit Limited has exercised its right to terminate
the agreement of lease with Luxury Hotels International South Africa (Pty) Ltd (“Marriott”) for
the 15 on Orange Hotel, Cape Town.The global pandemic has weighed heavily on the hospitality sector with the international and
local tourism market having been negatively affected. South Africa...