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). The Public Investment Corporation of South Africa, on behalf of the Government Employees Pension Fund (GEPF), contributed $48.5 million to the recapitalization, which was finalized on Monday. The investment […]
PIC backs Grit’s $100m property push
Africa’s biggest pension fund is backing Grit Real Estate Income Group’s $100-million capital-raising push for the property company’s real estate unit on the continent. The Public Investment Corporation (PIC), which manages about R3-trillion in savings for the Government Employees Pension Fund of South Africa, is providing London-listed Grit with a $48.5-million cash injection for its Gateway Real […]
PIC backs Grit’s African property push
The PIC is providing London-listed Grit with a $48.5m cash injection for its Gateway Real Estate Africa unit that will be responsible for all property development on the continent outside of SA. Africa’s biggest pension fund is backing Grit Real Estate Income Group’s $100 million capital-raising push for the property company’s real estate unit on […]
GEPF backs Grit’s development subsidiary, Gateway Real Estate Africa
The Government Employees Pension Fund (GEPF) has identified London-listed Grit Real Estate Income Group’s development subsidiary, Gateway Real Estate Africa (GREA), as a strategic platform for its rest-of-Africa real estate investments. In addition, the GEPF, represented by the Public Investment Corporation of South Africa (PIC), injected US$48.5 million of cash equity as part of a […]
Africa’s Largest Pension Fund Partners with Grit’s Development Subsidiary GREA For Its Rest-Of-Africa Real Estate Investments; Completes Us$100 Million Recapitalisation
28 November 2024. Grand Baie, Mauritius. London-listedGrit Real Estate Income Group Limited (“Grit” or “the Company”) today announced that the Government Employees Pension Fund (“GEPF”), has identified Grit’s development subsidiary, Gateway Real Estate Africa (“GREA”) as a strategic platform for its rest-of-Africa real estate investments. In addition, the GEPF, represented by the Public Investment Corporation […]
Exploring Mauritius Developments: A Hub for Investment Opportunities
Exploring Mauritius Developments: A Hub for Investment Opportunities Mauritius, a small island nation in the Indian Ocean, has rapidly evolved into a dynamic hub for investment opportunities, attracting businesses and investors from across the globe. Known for its political stability, robust financial sector, and business-friendly regulatory framework, Mauritius developments have positioned the country as a […]
Increased development at SEZs on renewed investor confidence
Kenya’s Special Economic Zones are coming of age, with an increasing number of new entrants within the last two years signalling a renewed investor confidence in the country. Recently, global customer acquisition and engagement firm CCI announced that it will be tapping into a new contact centre at Eneo in Tatu City SEZ, to expand […]
GREA Develops BPO Facility For CCI’s Expansion Needs
NAIROBI, Kenya, May 8 – Gateway Real Estate Africa, the development subsidiary of London-listed Grit Real Estate Income Group, has developed a new Business Process Outsourcing facility dubbed Eneo at Tatu City special economic zone. The BPO facility comprises two towers with a combined gross lettable area of approximately 26,000 square metres, interconnected by a […]
Invest in Africa for High-Yield Investments
Africa has historically been referred to as the “final frontier” for investors and is increasingly becoming a focal point for those seeking high-growth investment opportunities. The real estate sector stands out as particularly promising, driven by urbanisation, a growing middle class, the rise of African consumerism, and increased foreign investment. In this landscape, a call […]
Exploring Investment Opportunities in Africa
Real estate in Africa offers numerous lucrative investment opportunities due to the continent’s youthful population, rapid urbanisation, and an expanding middle class. These factors are driving an increasing demand for infrastructure and housing. African consumerism is also on the rise, attracting large, multi-national consumer goods producers to many African cities to take advantage of the […]
