Grit Real Estate Income Group, the London listed company that focuses on African real estate, has announced the acquisition of seven properties located across the continent.
The company has agreed deals, which are conditional, for a total consideration of US$103.5m.
The properties comprise: two corporate offices in Ghana let to PwC and Huawei; two healthcare facilities in Mauritius; two light industrial properties in Kenya; and a housing development in Mozambique.
Chief executive Bronwyn Corbett said: “The acquisitions are in line with Grit’s strategy of acquiring superior quality assets tenanted by blue-chip multi-national companies under long-term, hard currency leases, whilst further enhancing the quality and diversification of the portfolio in terms of tenant, geographic and sector exposures.
“The acquisitions are expected to provide investors with further diversified, secure and growing index-linked income and attractive capital growth potential from across Grit’s high-quality portfolio, which continues to deliver attractive returns to our shareholders.”
GR1T : Grit splashes US$103.5m on seven African properties