Spear REIT Limited welcomes new Chief Operating Officer

Cliff Toerien, COO of Spear REIT Limited.
Cliff Toerien, COO of Spear REIT Limited.

Cliff Toerien has been appointed as Spear REIT Limited’s Chief Operating Officer. 

Cliff has in excess of 27 years experience in the listed and non-listed real estate sector with a strong focus on fund, portfolio and operations management. He will have oversight of all property and portfolio management functions within the business as well as serve as a member of the Spear Executive Committee.

Spear is the only regionally specialised REIT listed on the JSE with a diversified property portfolio of Commercial, Industrial, Retail, Hospitality and Residential assets in excess of 370 000m 2 situated in the Western Cape valued at R 3bn with a market capitalisation of R 1,6bn.

CEO of Spear REIT Limited Mr. Mike Flax extended a warm welcome and his best wishes to Cliff Toerien on behalf of the Board of Directors and all staff.