About Us

WHO WE ARE

Grit is a leading, London-listed pan-African impact real estate investor and solutions provider. We invest in and actively manage a diverse portfolio of assets underpinned by mainly US dollar and Euro denominated long-term lease with high-quality multi-national tenants.

We leverage our deep African real estate insights and in-country expertise to offer unique real estate solutions in property development, asset and property management as well as selected co-investment opportunities for qualifying counterparties.

Through our family of partnerships, we find opportunities to drive positive social and environmental change that transcend buildings to the benefit all current stakeholders and generations to come.

AT A GLANCE

employees representing 12 nationalities
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countries of operation
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Assets
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Just Under 1Billion USD

total income producing assets
EPRA occupancy rate
0 %

(Last updated: June 2025)

OUR STRATEGY

Our business model unlocks value for all stakeholders, including the people of Africa and is founded on the following core principles:

  • Deep local and international relationships resulting in consistent delivery
  • Strong tenants comprising mostly blue-chip multinationals with lease contracts backed by guarantees
  • Hard currency leases comprising US$ and Euro income underpinning  revenue on long-term leases
  • Expansive sectoral (7 asset classes) and geographical (North, East, West and SADC) diversification in the portfolio
  • Strong sustainability pillars with clearly defined targets

This is underpinned by impact investing through our core activities which include:

  • Property investment in completed, income producing assets
  • Risk mitigated, client-led developments
  • Co-investment and special property platforms
  • Smart solutions and Real Estate, Asset and Development Management Services on behalf of third parties
  • Working with the communities in which we operate through skills transfer, local procurement and job creation, including gender equality in the build environment
  • Monitoring and reporting on activities against environmental and social performance targets, including a pathway to net zero emissions, reduced water consumption and social initiatives that make a real and lasting impact on the communities in which we serve.

The Board

Nigel
Nigel Nunoo
Independent Non-Executive Chairman
Appointed to the board: 19 December 2023

Nigel is an experienced global executive with more than 20 years at Prudential Financial Inc., where he played a leading role in establishing and expanding the group’s presence in Africa. He is the Founder and Chief Executive Officer of African Aspirations Limited, a pan African business development platform providing brokerage, advisory and funding solutions to small and mid-market companies across the continent.

He is a Fellow of the Society of Actuaries and a Chartered Financial Analyst, and holds an Executive MBA from Columbia University. Nigel has worked across the United States, Europe and Africa and has a strong track record in building businesses, managing risk and delivering sustainable profitability. He is fluent in English and several African languages.

Nigel was appointed Chairman of the Board with effect from 26 January 2026, following an extended and structured handover process and the retirement of Peter Todd, Grit’s founding Chairman, in line with governance best practice.

Other listed directorships: None
Committees: Chairman of Risk Committee, Chairman of the Investment Committee, Member of the Nomination and Remuneration Committees, and Member of the Restructuring Committee.
Residency: Ghana
Garreth Elston
Independent Non-Executive Director
Appointed to the board: 30 July 2026

Garreth is a senior property investment professional with more than 20 years’ experience across listed and direct real estate, private equity, capital markets and development-led asset management. His career spans Africa, North America, Europe and Singapore and includes the management of global listed property portfolios, leveraged investment mandates and international direct real estate investments. 

He is the founder and Managing Director of Golden Section Capital, an independent institutional research and advisory firm focused on real estate and infrastructure investments. The firm provides investment research, portfolio strategy, capital-raising, transaction support, due diligence and corporate finance advice to institutional clients across South African and international listed-property markets. 

Garreth previously served as Chief Investment Officer of Reitway Global, where he oversaw research, portfolio management, risk and foreign-exchange strategy across a multi-jurisdictional listed real estate platform. He also served as Managing Director of Golden Section Capital Markets in Toronto, providing real estate capital-markets advisory services across Canada, the United States and Southern Africa. Earlier in his career, he managed listed-property assets and direct private equity real estate investments in the United States and Europe. His fund management track record has been recognised through multiple Raging Bull Awards. 

Garreth holds an MBA from the Rotman School of Management at the University of Toronto, an MA in International Relations and a BCom in Banking Management. He is a Chartered Member of the Royal Institution of Chartered Surveyors, a Fellow of the Institute of Financial Markets and a Certified Associate of the Institute of Bankers in South Africa.

Other listed directorships: None
Committees: Investment, Audit, Risk and Responsible Business
Residency: South Africa
Catherine McIlraith
Independent Non-Executive Director
Appointed to the board: 24 November 2017

Catherine has been a Chartered Accountant since 1992. She has held senior banking and corporate finance positions including at BoE NatWest and BoE Merchant Bank in Johannesburg, before joining Investec Bank Mauritius where she was Head of Banking until 2010.
She has been a member of the Financial Reporting Council and is a Fellow Member of the Mauritius Institute of Directors.

Other listed directorships: 3 (CIEL Limited, Les Gaz Industriels Ltd, Phoenix Beverage Limited)
Committees: Chairman of the Audit, Remuneration and Nomination Committees, Member of the Risk and Responsible Business, and Member of the Restructuring Committee.
Residency: Mauritius
Lynette Finlay
Independent Non-Executive Director
Appointed to the board: 24 March 2023

Lynette is a Chartered Accountant and has been in the commercial property industry since 1985. Her experience includes running a commercial asset management business, developing all areas of commercial properties, and later specialising in retail property management, before embarking on setting up a privately owned commercial property asset management business and a property fund investing in blue chip industrial properties. She is a former non-executive director of Growthpoint Properties where she served as Chairman of the Property and Investment Committee, Chairman of the Audit Committee and as a member of the Social Ethics and Transformation Committee respectively during her 11-year tenure.

Other listed directorships: None
Committees: Member of the Investment and Remuneration Committees, Member of Nomination committee, Member of the Audit Committee.
Residency: South Africa
Bronwyn Corbett
Executive Director
Chief Executive Officer
Appointed to the board: 12 May 2014
Appointed to position: 12 May 2014

Bronwyn is the CEO and a founding member of Grit. She is a Chartered Accountant and has served on several property company boards. Under Bronwyn’s leadership, Grit has grown its portfolio from two assets valued at US$140m at listing to 33 income-producing assets and investments across eleven countries and seven asset classes, with an attributed value of $785.9 million as at 30 June 2023

Bronwyn spearheaded the optimisation of Grit’s capital structure, which culminated in a step-up to a Premium listing on the Main Market of the London Stock Exchange in 2021 and further played an instrumental role in securing a US$306 million refinancing agreement, which at the time was the largest sustainability linked real estate debt refinancing and syndication in Sub Saharan Africa – excluding SA –  setting a new benchmark for African real estate investment.

She further drove Grit’s recent asset recycling programme, achieving US$136 million in disposals at or close to book value and significantly reducing the Group’s number of associates.

Under her leadership, Grit further refined its strategy with the acquisition of African real estate developer, GREA, and its asset management company, as well as establishing fee-income generating channels and solutions through real estate services. 

Bronwyn was recognized as the 2019 EY Entrepreneur of the Year (Southern Africa) in the Exceptional Category, is a past winner of the South African Institute of Chartered Accountants (SAICA) Top CA(SA) under 35 Award, and has received many other recognitions such as API Top Africa Real Estate CEO in 2020 and 2023.

Other listed directorships: None
Committees: Member of the Investment Committee
Residency: Mauritius
Hugo Jordaan
Executive Director
Chief Financial Officer
Appointed to the board: 4 February 2026
Appointed to position: 4 February 2026

Hugo is a Chartered Accountant with more than 25 years of experience. He joined Grit in 2022, initially serving as Finance Director before being appointed to the Board. Since joining the Group, he has played a central role in financial management, reporting and stakeholder engagement, and has developed a strong understanding of the Group’s financial, operational and regulatory framework

Prior to joining Grit, Hugo was Regional Chief Financial Officer for Africa at International SOS, with responsibility for financial management across the region. Before that, he led the African finance function at Australian listed Orica Group, where he delivered a complex regional restructuring. During his tenure at Orica, he also implemented initiatives that generated cumulative EBIT improvements of more than AUD13 million per annum and improved trade working capital by AUD10 million through the reduction of overdue debtor balances.

Hugo brings strong technical capability, deep institutional knowledge and proven leadership experience, positioning him well to support the Group’s strategic priorities at this stage of its development.

Other listed directorships: None
Committees: Member of the Restructuring Committee
Residency: Mauritius
Michael Dorn
Executive Director
Chief Restructuring Officer
Appointed to the board: 29 April 2026

Michael was appointed as Executive Director and Chief Restructuring Officer (CRO) to provide dedicated oversight of the Group’s overall turnaround, including turnaround strategy, financial restructuring, holistic stakeholder engagement, transaction execution, asset disposal strategy and execution, operational support, liquidity management, etc.

Michael has nearly 30 years’ experience in corporate restructuring, turnaround management and interim executive leadership across Europe and Africa. He has advised boards, financiers and stakeholders through complex corporate situations, with a particular focus on financial stabilisation, balance sheet restructuring and operational recovery.

He is the founder and owner of RTgroup, a specialised restructuring and turnaround advisory boutique with offices in Cape Town, Duesseldorf, Johannesburg and Munich. His executive and advisory experience includes CRO, CEO, CFO, COO, and chief turnaround adviser roles across listed and private companies undergoing material financial or operational transition.

His mandates include CRO of one of Africa’s largest beverage and food can producers, CFO/CRO of Germany’s largest hypermarket chain through a solvent liquidation process, and Chief Turnaround Advisor to a JSE-listed company where profit and shareholder value doubled. He has also led refinancing, lender and stakeholder engagement, group restructuring and operational recovery programmes for JSE-listed groups, multinational corporates and high-profile European restructuring cases.

Michael holds a diploma in business administration from HHL Leipzig Graduate School of Management, completed in conjunction with WHU Otto Beisheim School of Management, the University of Victoria, INSEAD and The Wharton School. He is a member of the Turnaround Management Association in Germany and INSOL and serves on the board of the Turnaround Management Association in South Africa.

Other listed directorships: None
Committees: Chairman of the Restructuring Committee
Residency: South Africa

OUR AWARDS

OUR CORPORATE GOVERNANCE