Newly listed Spear REIT Limited appoints new non-executive director

Posted On Thursday, 27 July 2017 20:35 Published by
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Newly listed Spear REIT Limited has appointed Sean McCarthy as a non-executive director to the Board of Directors of the company.


Spear REIT Limited Chief Executive Officer Mike Flax comments, "The appointment of Sean McCarthy emanated out of the Mega Park Industrial Estate acquisition that Spear announced earlier this year. Many industry commentators have noted that the redevelopment of the former South African Nylon Spinners (SANS) manufacturing & distribution facility by Mr McCarthy has been one of the most successful industrial redevelopments undertaken in the Cape in recent years." 

With a wealth of property knowledge, McCarthy has in excess of 30 years of experience relating to various aspects of property development across the industrial, commercial and residential sector.

Commenting on Mr McCarthy's appointment, the Chairman of the Board of Directors of Spear REIT Limited, Mr Abu Varachhia said " Sean comes with valuable experience and impeccable credentials that we believe will add great value to Spear and support our growth ambitions. We welcome him and look forward to his contributions." 

Last modified on Thursday, 27 July 2017 20:49

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