Grit Real Estate Income Group: Big yields, blue-chip asset base
Grit Real Estate Income Group (LON:GR1T) is a multi-listed (LSE, JSE, SEM) property company with a focus on selected African countries with a combination of economic growth, investment friendly policies and political stability. Rental income is underpinned by a blue-chip multinational tenant base, hard currency leases, and high occupancy rates.
Grit has a strong management team, with more than 59 years’ African experience cumulatively. The portfolio has grown to US$642mln from US$210ln in 2015, and the company achieved its LSE main board listing in July 2018.
Grit Real Estate Income Group Limited, formerly Mara Delta Property Holdings Limited, is a Mauritius-based income fund focusing on African real estate assets. The Company's segments include Morocco, Mozambique, Zambia, Kenya and Mauritius. The Company has investments in retail, office, light industrial and corporate accommodation sectors. The Company's property portfolio includes Anadarko Building, which is located in Mozambique's capital of Maputo; Anfa Place Shopping Centre, which is located in Casblanca, Morocco; Hollard Building, which is located in Maputo; Vodacom Building, which is located in Maputo's Biaxa business node; Zimpeto Square, which is located approximately 13 kilometers north of central Maputo; Barclays House, which is located in Cybercity, Ebene, Mauritius, and Bollore Warehouse, which is located in Pemba Mozambique.
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