Grit Real Estate exploring London Stock Exchange listing

Posted On Monday, 26 February 2018 14:27 Published by
Rate this item
(0 votes)

Mauritius. Grit, the only listed Africa-focused distribution group to offer international property investors access to high growth opportunities in thriving African economies outside of South Africa, today announced that it is exploring a potential premium listing on the Main Market of the London Stock Exchange (“LSE”).


The decision to explore an LSE listing comes as a result of demand by existing and potential stakeholders. Grit will be meeting with these stakeholders in the following weeks to discuss such a listing. The decision to proceed will be made in due course, depending on regulatory considerations, Board approval and market conditions.

Grit currently has its primary listings on both the Official Market of the Stock Exchange of Mauritius Ltd and the Main Board of the JSE Limited, which listings will be retained in the event that the LSE listing proceeds.

Bronwyn Corbett, Chief Executive of Grit commented: “London is very much the hotbed for international emerging and frontier market investors, but their focus has shifted away from high IRRs. What funds are looking for now is consistently performing dollar distribution yields and growth.

“Grit’s rental income is underpinned by global tenants with an average term of almost seven and a half years remaining on these dollar income leases. This, and very low vacancies across the portfolio have resulted in significant interest which we intend to explore further.”

Most Popular

University of Fort Hare construction resumes

Jun 18, 2020
Construction of UFH Student Housing
Following two months of hard lockdown, the development of a 2 047-bed student village at…

SA property prospects as we look beyond COVID-19 lockdowns

Jun 11, 2020
John Loos FNB Property Economist
“The COVID-19 Crisis has changed the world a lot, perhaps less through introducing new…

Estate Agency Affairs Board to re-open its doors this month

Jun 13, 2020
Mamodupi Mohlala
The Estate Agency Affairs Board (EAAB) will re-open its Sandton, Johannesburg offices…

Grit to improve liquidity, save costs through proposed JSE de-listing

Jun 11, 2020
Bronwyn Corbett Grit
London Stock Exchange listed Grit announced its intention to de-list from the JSE.

Redefine’s European logistics platform set to expand its footprint in Poland

Jun 17, 2020
Andrew Konig CEO Redefine
JSE listed diversified real estate investment trust Redefine Properties (JSE: RDF) along…

Please publish modules in offcanvas position.