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GRIT shares commence trading on London Stock Exchange

The Board of Grit has announced that the Company has raised gross proceeds of US$132,094,262 pursuant to its Placing and Offer for Subscription of Ordinary Shares. The company made its intention to seek a listing on the London Stock Exchange last month with the goal of raising net proceeds of at least US$120 million. Commenting on the result […]

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AccorHotels partners with Qatar’s Katara Hospitality for an African US$1billion fund

AccorHotels has teamed up with Katara Hospitality to set up a $1 billion fund that will focus on hotel investment in the sub-Saharan African region.  The investment fund will initially be financed with $500 million raised from debt and co-investments.  Over the next five to seven years, both parties will contribute the remaining $500 million […]

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Grit, a Pan-African income real estate fund, moves closer to listing on the London Stock Exchange

Grit Real Estate Income Group Limited (GRIT), a Pan-African income real estate company focused on real estate investment assets  in pre-selected African countries (excluding South Africa), has again announced its intention to seek a listing on the Official List of the United Kingdom Listing Authority and admission to trading on the main market for listed securities of […]

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Listed Market Update: Skye Shelter Fund

Skye Shelter Fund has published their unaudited IFRS financial statements for Six Months Ended 30 June, 2018. During the period, the company reported a net income of N85.6m, 4.9% less than N90m reproed in the same period last year. See more here. Skye Shelter Fund also published performance indicators for their real estate portfolio at the end of […]

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IFC, African Capital Alliance move into Alliance Place

African Capital Alliance (ACA) has relocated its new in Alliance Place, a recently completed office development in Ikoyi. They are moving out of C & C Towers on Sanusi Fafunwa Street in Victoria Island, which is owned by the Chagoury Group. Alliance Place was developed by Edimara Properties Limited, a joint between ACA Holdings Limited […]

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AIIM acquires 50% in holdco with investments in West and Central African airports

African Infrastructure Investment Managers (AIIM), an infrastructure-focused private equity fund manager and a member of Old Mutual Alternative Investments, announced its acquisition of a 50% stake in Société d’Exploitation et de Gestion Aéroportuaires (SEGAP), a holding company with an established portfolio of airport investments across West and Central Africa. The investment was made through their […]

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Agility invests in Warehouse Parks in 4 African cities

Agility, a global leader in the provision of integrated logistics is making a big Africa push as they have commenced the process of funding and developing a network of international standard warehouse parks across key markets on the continent to support the development of domestic and regional trade. The company has ongoing development projects in […]

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Growthpoint, South Africa’s largest REIT, launches new trading and development division

Growthpoint Properties has announced the creation of a dedicated trading and development business unit which will play a key role in creating business opportunities for the company and world-class premises for its clients. Speaking on the new business unit, Rudolf Pienaar, Growthpoint’s new Chief Investment and Development Officer, who will head the team, explained that […]

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STANLIB Fahari I-REIT appoints new Acting CEO

STANLIB Kenya Limited (STANLIB) has announced the appointment of Ms. Nozipho Makhoba as the Acting Chief Executive Officer of the STANLIB Fahari I-REIT (Fahari-I-REIT) effective 1st July 2018. Nozipho replaces Mr. Kenneth Masika whose contract came to an end on 30th June 2018. The STANLIB Fahari I-REIT was Kenya’s first REIT when it was launched it […]

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Listed Real Estate Update: UHOMES REIT Performance Indicators, Ikeja Hotels Suspension Lifted and Infinity Mortgage Bank Results

Infinity Mortgage Bank has published an extract of their unaudited and interim financial statements for Six Months Ended 30 June, 2018. During the period, the company made N141,006,556, 41% higher than the N100,172,209 made in the same period last year. See more here. Union Homes REIT published performance indicators for their real estate portfolio at the end […]

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