ei Newsroom

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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 […]

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ei Company Snapshot: GRIT Real Estate Income Fund

Click to view our company snapshot on GTR.

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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 […]

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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 […]

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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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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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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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