LONDON, UK: Grit Real Estate Income Group Limited, a leading pan-African real estate company, announced today that it has sold its interests in Bora Africa and a diplomatic housing asset in Mozambique to its development subsidiary, Gateway Real Estate Africa (GREA). The deal, which is subject to shareholder approval, will raise US$100 million for Grit,…
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Grit Real Estate acquires controlling stakes in GREA and APDM
LONDON, UK: Grit Real Estate Income Group Limited (Grit) has announced the completion of the final phase of acquiring controlling interests in Gateway Real Estate Africa (GREA) and Africa Development Partners Management (APDM) from Gateway Partners and Prudential. Grit now owns 51.48% of GREA and 78.95% of APDM, while the rest is held by the…