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Growthpoint Investec African Properties debuts acquisition in Africa

Having commenced operations last year with capital commitments in excess of $212 million from several large institutional investors such as the IFC, Growthpoint Investec African Properties (GIAP) has successfully concluded the acquisition of 97.5% of Achimota Retail Centre. Achimota Retail Centre located in Accra, Ghana is a single level mall which includes 15,000m² of retail […]


‘Investment Grade Africa’ or ‘Growth Africa’: Where does Nigeria’s Real Estate Market Fit in?

Earlier this week, Bronwyn Corbett, CEO of the GRIT Real Estate Income Group, spoke to the BBC about where and why they invest in Africa, their focus on 2nd tier cities and the process of educating foreign institutional investors. GRIT’s investment thesis focuses on what they refer to as Growth Africa and Investment Grade Africa. […]


Momentum bags $30m from CDC for African Real Estate Fund

The UK’s development finance institution, CDC, has committed $30m to the Momentum Africa Real Estate Fund (MAREF) in a deal that reignites fundraising activity within the African real estate space. The investment will support the development of greenfield industrial, residential and commercial real estate opportunities across sub-Saharan Africa.   Last year, it was announced that […]


Hyprop & AttAcq explore disposal of Sub-Saharan Africa shopping centre assets

Hyprop and AttAcq are currently investigating a reduction of their exposure to sub-Saharan Africa (ex. SA) through the disposal of their portfolio of property assets worth over $630m. Assets in the portfolio in question include Ikeja City Mall in Lagos – Nigeria; Manda Hill in Lusaka, Zambia and four retail centres in Ghana including Accra […]


ei Company Snapshot: GRIT Real Estate Income Fund

Click to view our company snapshot on GTR.


Listed Market Update: UPDC REIT & U-Homes REIT Financial Statements

UPDC REIT published their financial statements for the period ended December 2017. The trust earned a total of N2.21billion resulting in an earnings yield of 8.10%. Review the full statement here. As a result of an inability to dispose of portfolio asset as previously expected and desire to lease out VMP I, the earnings yield […]


New Leadership at UACN Property Development Company

Following the resignation of Larry Ettah from the Board of UACN Property Development Company (UPDC) and the retirement of Hakeem Ogunniran as Chief Executive, the company has announced the appointment of three new Directors to its Board. Effective 6th August 2018: Babatunde Kasali became the Chairman of the Board of Directors. Folasope Aiyesimoju, former KKR […]


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 […]


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 […]


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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