WE ARE PROUDLY PAN-AFRICAN

Our expertise extends across all facets of real estate, including property and asset management, project management and real estate development. Our roots run deep in Africa, with a track record of delivery across 12 African countries and 8 asset classes, providing specialised accommodation and turnkey developments for more than 600 tenants.

OUR PROPERTY PORTFOLIO

We own and actively manage a US$832.9 million (as at 31 December 2022) real estate portfolio.

5th Avenue Corporate Offices

Corporate Offices

Accra, Ghana

Acacia Estate

Corporate Accommodation

Maputo, Mozambique

Adumuah Place

Corporate Offices

Accra, Ghana

Africa Data Centers

Data Centre

Lagos, Nigeria

AnfaPlace Mall

Retail

Casablanca, Morocco

Bollore Warehouse

Light Industrial

Pemba, Mozambique

Buffalo Mall

Retail

Naivasha, Kenya

CADS II Building

Corporate Offices

Accra, Ghana

Capital Place

Corporate Offices

Accra, Ghana

Club Med Cap Skirring Resort

Hospitality

Casamance, Senegal

Commodity House Phase I

Commercial Office

Maputo, Mozambique

Commodity House Phase II

Corporate Offices

Maputo, Mozambique

Cosmopolitan Mall

Retail

Lusaka, Zambia

Curepipe Artemis Hospital

Multi-speciality Hospital

Curepipe, Mauritius

Elevation Diplomatic Residences

Consular Accommodation

Addis Ababa, Ethiopia

Eneo at Tatu Central

Corporate Offices & Retail

Nairobi, Kenya

Halliburton Pemba LMP

Light Industrial

Pemba, Mozambique

Imperial Warehouse

Light Industrial Sector

Nairobi, Kenya

Kafubu Mall

Retail

Ndola, Zambia

KPMG/Hollard Building

Corporate Offices

Maputo, Mozambique

Mall de Tete

Retail

Tete, Mozambique

Metroplex Shopping Mall

Retail

Kampala, Kampala, Uganda

Mukuba Mall

Retail

Kitwe, Zambia

Orbit Africa

Light Industrial

Nairobi, Kenya

Rosslyn Grove

Consular Accommodation

Nairobi, Kenya

Tamassa Resort

Hospitality

Bel Ombre, Mauritius

The Precinct

Corporate Offices

Grand Baie, Mauritius

VDE Housing Estate

Corporate Accommodation

Tete, Mozambique

Vodacom Building

Corporate Offices

Maputo, Mozambique

Zimpeto Square

Retail

Maputo, Mozambique

Grit currently holds 2 consular accommodation assets. This asset class is regarded as an impact real estate asset and provides a long-term, hard currency rental underpin to Grit’s revenue with a AAA rated sovereign entity.

Grit holds one corporate accommodation asset in Mozambique. The asset class is defensive considering the limited number of quality accommodation that are located in areas sought after by resources groups.

Grit currently holds 1 healthcare asset in Mauritius. Healthcare is seen as a defensive, impact real estate asset class considering its long-term tenancy and the role it plays in the communities served.

Grit largely transitioned out of the hospitality sector and holds two assets, located in Senegal and Mauritius respectively. Both assets are operated by *Lux Resorts and Grit does not take any hospitality risk.

Since the pandemic, logistics, light industrial and warehouse assets outperformed all other real estate asset classes on the continent. Grit continues to see high growth possibilities for this asset class, supported by increased e-commerce, improved transport infrastructure and regulatory shifts, such as the Africa Continental Free Trade Agreement. The Group currently holds 3 assets in this sector.

Grit views large format community and rural strip malls as defensive impact assets, considering the tenant mix catering for every day essential items. In addition, these malls play an important role in the communities they serve from a job creation and access to goods and services point of view. Grit’s portfolio holds 6 retail assets.

Grit holds five assets in Kenya, comprising consular accommodation, corporate offices, retail as well as logistics and light industry. Kenya’s position as gateway to East Africa, coupled with strong consumer demand, a stable economy and improved transport infrastructure, provides strong real estate fundamentals for especially warehousing, light industrial and logistics assets.

Morocco was the second country of operation. The Group holds one asset which is also the largest asset by value in the portfolio.

Grit’s only asset in Senegal is the Club Med Skirring Resort, as part of the Group’s long-term relationship with the operator, *Lux Resorts, who is also the anchor tenant of Grit’s hospitality asset in Mauritius.

Grit holds three retail assets in its Zambian portfolio. The Group regards large format community and rural shopping centres as defensive considering their tenant mix catering for everyday necessities.

THEY CHOSE US

In line with our Family of Partnerships approach, many of Africa’s blue-chip brands have trusted Grit with their real estate needs since our inception

PROPERTIES TO LET

Eneo at Tatu Central

This five story office development anchors Tatu City, 20km north of Nairobi’s CBD. The development offers power and water back-up and forms part of a larger residential, leisure and commercial district. It is ideal for businesses of any size looking to escape the congestion of the inner city.

Corporate office, fashion, food and services retail space available.

The Precinct

This iconic building in Grand Baie is the first 5-star green rated office building in the Indian Ocean Islands region. It is anchored by Grit, Dentons and Workshop 17, offering a unique blend of lifestyle and sustainability features that optimises staff wellbeing and productivity.

Corporate office and retail space are available at this landmark address.

Adumuah Place

Conveniently located off the Adenta-Dodowa Road, Adumuah Place is the first office building at Appolonia City, outside of Accra, Ghana. The development is anchored by Appolonia Development Company, a clinic and pharmacy by C & J Medicare Limited and Duka Supermarket. Strong emphasis is placed on reducing tenants’ overall cost of occupation through clever design features to reduce utility charges and increase tenant comfort.

Offices ranging from 116m2 to 661m2 are available.

OUR TOP 10 PROPERTIES/TENANTS

We are differentiated by long-term and trusted partnerships with our tenants.

RANK

1

2

3

4

5

6

7

8

9

10

TENANT

Vulcan

Total

US Embassy

Vodacom

Tamassa Resort

Orbit Products Africa

Shoprite

Hollard

Club Med Skirring

Tullow Oil

INDUSTRY

Mining & Natural Resources

Mining & Natural Resources

Consular

Communications

Hospitality

Industrial/Manufacturing

Retail

Financial/Banking

Hospitality

Mining & Natural Resources

INCOME (% OF GROUP TOTAL)

9.4

9.4

8.7

6.5

4.7

4.6

3.5

2.9

2.5

2.4

LEASE COVENANT

Gross

Gross

Gross

Triple net

Triple net

Triple net

Gross

Gross

Triple net

Triple net

LEASE CURRENCY

USD

USD

USD

USD

EUR

USD

USD

USD

EUR

USD