Grit Real Estate secures $100M for African expansion
GUERNSEY – Grit Real Estate Income Group Limited (LSE:GR1T), a pan-African real estate company, has completed a $100 million recapitalization for its subsidiary, Gateway Real Estate Africa
GREA is a private real estate development company specialising in the turnkey construction of accommodation for multinational corporates and retailers wishing to expand their operations on the African continent. For qualifying investors, GREA provides direct real estate exposure to high-yielding US-dollar denominated rental income streams and robust growth potential.
With the exception of some countries and metropoles, the development of commercial real estate on the African continent is largely in its infancy with assets in key nodes mostly being owner developed or developed specifically for international companies.
The opportunity for bespoke turnkey developments in select African countries was recognised by Greg Pearson and Bronwyn Knight, founding members Grit Real Estate Investment Group (“Grit”). Founded in 2014, Grit is the largest pan-African real estate income group listed on the main market of the London Stock Exchange, the Johannesburg Stock Exchange and the Stock Exchange of Mauritius. Grit currently operates across seven countries, with direct investments in five asset classes and 25 assets valued at circa USD800 million.
GUERNSEY – Grit Real Estate Income Group Limited (LSE:GR1T), a pan-African real estate company, has completed a $100 million recapitalization for its subsidiary, Gateway Real Estate Africa
