African Reit raises $132m prior to London listing

Grit Real Estate Income Group, the pan-African real estate company based in Mauritius, has raised $132.1m through the sale of 92.4m shares in a placing to investors, prior to listing in London on Tuesday.

  • By Sam Kerr
  • 30 Jul 2018

FinnCap, Northland Capital, Exotix Partners, PSG Capital, Perigeum Capital and Axys Grouip were bookrunners on the transaction

The company has applied for 306.4m ordinary shares to be admitted to trading on the main market of the London Stock Exchange on Tuesday.

This includes the 92.4m new shares issued ...

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