The Industrial Sector saw a significant portion of the transactions, with R6.1bn reported for 2022, a substantial 41% increase from the previous year. Out of these investments, approximately R2bn took place in the Western Cape, while Gauteng witnessed a decrease to levels near R2.5bn. Spear REIT Limited's Chief Investment Officer, Kim Pfaff-Karg, who is based in Cape Town, commented on the report, stating that despite Gauteng still dominating the investment market, there has been a steady decline in its figures since 2020. Harbour Arch.  In contrast, the Western Cape has experienced a surge in investment activity. She added that the Western Cape's attractiveness as a key migration destination for both individuals and businesses seeking an economically viable location has made it a magnet-market.

 

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