Founders Story
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Timeline of Events
2014
■ Acquisition of Assets
■ Key Events
July 2014
Acquired Commodity House Phase 1 as its 1st asset for US$32.5m (Mozambique)
July 2014
Acquisition of AnfaPlace Mall for US$114.7m (Morocco)
July 2014
Completion of inward listing on the JSE Limited’s ALT-X board
2015
■ Acquisition of Assets
■ Key Events
March 2015
Debut on Mauritius Stock Exchange (SEM) and migration from BSX.
Maiden distibution of US$6.64cps
April 2015
Introduction of the Public Investment Corporation as anchor shareholder in US$42.0m capital raise
April 2015
Acquisition of Hollard building for US$14.9m (Mozambique)
May 2015
Acquired the Vodacom Building for US$49m (Mozambique)
June 2015
Maiden issue of shares on the SEM
August 2015
Paid distribution of US$4.65cps, taking FY2015 distribution to a total of US$11.29cps
August 2015
Acquisition of Zimpeto Square for US$10.2m (Mozambique)
November 2015
Delta Africa and Pivotal announces business agreement to become Mara Delta
December 2015
Acquired Kafubu and Mukuba Malls for US$40.6m (Zambia)
2016
■ Acquisition of Assets
■ Key Events
February 2016
Acquisition of ABSA House for US$13.6m (Mauritius)
March 2016
Paid distribution of US$6.17cps for six month period ended 31 December 2015
April 2016
Acquisition of 50% stake in Buffalo Mall (Kenya) & Bollore Warehouse (Mozambique) for US$14.8m (combined)
May 2016
Delta Africa officially becomes Mara Delta – the largest pan African income fund listed on the JSE and SEM
October 2016
Paid distribution of US$5.58cps, taking FY2016 distribution to a total of US$11.75cps
September 2016
Acquisition of VDE Housing Estate for US$33.1m (Mozambique)
December 2016
Leaseback acquisition of a 44.4% stake in Beachcomber Hospitality Investments (BHI), owner of 3 luxury resorts for US$83.4m (Mauritius)
2017
■ Acquisition of Assets
■ Key Events
March 2017
Leaseback acquisition of Tamassa Resort (Mauritius) from Lux Resorts for US$40m & acquisition of Mall de Tete (Mozambique) for US$24.2m
March 2017
Paid distribution of US6.12cps for the six months ended 31 Dec 2016
June 2017
Distribution – clean out dividend for period 1 Jan 17 to 30 Apr 17 of US4.57cps prior to Rights Offer
Raised US$121m by way of a Rights Offer at an issue price of US$1.40 per share, significantly increasing market cap and asset value to c.US$600m
June 2017
Acquisition of 50% stake in Cosmopolitan Mall for US$37.2m (Zambia)
July 2017
Shareholders approved Grit’s rebrand and name change, reflecting the Group’s current reality and future growth ambitions
August 2017
Acquisition of Imperial Distribution Center for US$18m (Kenya)
Acquisition of 6.25% stake in Letlole La Rona (Botswana)
October 2017
Paid distribution of US1.38cps, taking FY2017 distribution to a total of US$12.07cps
October 2017
Inclusion into the SEM-10 Index
November 2017
Introduction of NPF as a strategic shareholder
2018
■ Acquisition of Assets
■ Key Events
March 2018
Paid distribution of US6.07cps for the six months ended 31 December 2017
May 2018
Acquired 47.5% of Capital Place for US$12.2m (Ghana)
July 2018
Grit successfully raised US$132m in London Listing Capital Raise
Grit becomes the first Pan-African Real Estate Income Group & first Mauritius-domiciled company to list on the Main Market of the London Stock Exchange (LSE)
Introduction of UK Investors into share register
August 2018
Acquisition of 80.1% stake in Acacia Estate for US$24.2m (Mozambique)
[Tenanted by the US Embassy]
September 2018
Acquisition of CADS II Building for US$10.5m in Accra (Ghana)
November 2018
Paid dividend of US$6.12cps, taking FY2018 distribution to a total of US$12.19cps
December 2018
Acquisition of 5th Avenue Building for US$20.5m in Accra (Ghana)
2019
■ Acquisition of Assets
■ Key Events
March 2019
April 2019
Paid distribution of US$5.25cps for the six months ended 31 December 2018
June 2019
July 2019
Signing of Club Med Cap Skirring sale and purchase agreement for a provisional purchase consideration of EUR 11.6 million (Senegal)
September 2019
US$140m debt facility in respect of Mozambique portfolio refinance
September 2019
Successful completion and launch of AnfaPlace Mall renovation at a capital cost of US$25m (Morocco)
November 2019
Acquisition of additional 23.75% interest in Bostwana-listed Letlole La Rona (LLR) for US$13.8m (Botswana)
November 2019
Paid distribution of US$6.95cps, take FY2019 distribution to a total of US$12.20cps
2020
■ Acquisition of Assets
■ Key Events
January 2020
