Grit is Gold at Africa Property Investment Summit

by Editor on 24 August 2017
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SANDTON, JOHANNESBURG -
JSE-and Mauritius-listed company,SANDTON, JOHANNESBURG -
JSE-and Mauritius-listed company, GRIT Real Estate Income Group, will be attending the noteworthy platform for real estate investment in Africa this week at the Sandton Convention Centre to discuss current trends, share industry experiences, and hopefully emerge having made positive connections in the various African countries.
As a top tier Gold Sponsor to the Africa Property Investment Summit & Expo (API), GRIT will be connecting with the most influential local and international Africa property stakeholders, in the promise to seek meaningful and profitable investment into a range of real estate, infrastructure projects and developments across the continent.
The API Summit gathers the region’s most senior investors, developers, operators and professionals providing the right platform to do deals across the region.
It is in this precise vein that Grit is Gold. It pioneered the concept of providing investors direct access to real estate ownership in Africa’s high-growth markets (excluding South Africa).
This is a dynamic, high-growth company that has established a strong portfolio of retail, corporate residential, hospitality, warehousing and commercial office assets in Kenya, Morocco, Mozambique, Mauritius and Zambia, with a view to expand into more markets, especially where REIT (Real Estate Investment Trust) legislation has been promulgated.
Grit distributes its income to shareholders in US dollars, making it a currency hedge in addition to participating in superior distribution growth. The Company recently distributed its sixth consecutive distribution to shareholders and targets a dividend yield of over 7% in US dollars.
Grit CEO, Bronwyn Corbett has two days of bespoke networking opportunities, focussing on Morocco, Nigeria, Ghana, Kenya, Rwanda, Tanzania, discussing the impact that structured real estate investments can have on development of the continent.
Given the strong correlation between the investment case of REITs on the one hand and the investment mandate of pension funds on the other, REIT legislation has been a significant catalyst in the growth of listed real estate investments in those markets.
Although Grit distributes its income in the same way as a REIT does, it is not a REIT and pays the relevant taxes in-country.
For South African investors, this means they are charged a lower foreign dividend tax on their earnings, as opposed to a higher income tax compared to distributions from South African listed REITs.
Says Grit CEO, Bronwyn Corbett, “We offer investors exposure to hard currency income at emerging market growth rates, making us a unique addition to any investment portfolio.
Our risk is mitigated by the quality of our tenants, including the likes of Vodacom, Barclays, Beachcomber and Lux Resorts as well as the long-term hard currency leases we have entered into.
Going forward, we are targeting growth in our current countries of operation as well as in new jurisdictions including Botswana, Rwanda and Ghana.”
end
________________________________________
Written and distributed on behalf of the Grit Group by Viv Quann – viv@hotsalsamedia.co.za / 084 486 2136 or Bronwen Blunden – bronblun@gmail.com / 079 060 1905
________________________________________
Editors notes
Recent GRIT news:
10 July 2017 – Mara Delta Property Holdings, the first African focused property fund listed on both the Stock Exchange of Mauritius and the JSE, has announced today a full rebrand and unveiled its new corporate identity.
Read more here - grit.group/news-posts/mara-delta-announces-rebrand-and-unveils-its-name-change-to-grit-real-estate-income-group-limited/
August 2017 - JSE-LISTED, Grit Real Estate Income Group Limited, (previously named Mara Delta Property Holdings), at a press conference held at Sugar Beach Resort, Mauritius in July, announced that it is the official title sponsor of the international 3-day MTB stage race, the Grit Colin Mayer Tour, taking place in Mauritius from 13-15 October 2017 at the Riverland Sports Club, Rivière Noire Region (Black River).
Read more here - grit.group/news-posts/mauritius-high-profile-mtb-stage-race-colin-mayer-tour-bags-grit-group-as-title-sponsor/
ABOUT GRIT REAL ESTATE INCOME GROUP LIMITED
Grit is the largest and only pan-African focused real estate income group listed on the Johannesburg Stock Exchange and the Stock Exchange of Mauritius.
The Company focuses exclusively on real estate assets on the continent (excluding South Africa), underpinned by US Dollar and Euro denominated long-term leases with high quality tenants, delivering strong sustainable income.
Grit manages in excess of US$ 600 million worth of assets (post transfer of current acquisitions) with access to numerous acquisition opportunities. These include a strong pipeline of quality assets in Mauritius, Zambia, Kenya, Uganda, Mozambique, Morocco and others.
The Company’s immediate strategy is to consolidate opportunities within current countries of operation before expanding into other geographies.
Grit Rebrand



Following a well-supported and successful capital raise of US$121 million earlier in July, Grit announced its new name and identity on 10 July 2017 to better reflect its current reality and future growth ambitions. The rebrand process subject to the usual regulatory process, expected to be completed in August 2017. Until then the company’s legal name remains Mara Delta Property Holdings Limited, trading under the JSE short code MDP.
www.grit.group
www.facebook.com/GritGroup/
twitter.com/gritgroup
this week at the Sandton Convention Centre to discuss current trends, share industry experiences, and hopefully emerge having made positive connections in the various African countries.
As a top tier Gold Sponsor to the Africa Property Investment Summit & Expo (API), GRIT will be connecting with the most influential local and international Africa property stakeholders, in the promise to seek meaningful and profitable investment into a range of real estate, infrastructure projects and developments across the continent.
The API Summit gathers the region’s most senior investors, developers, operators and professionals providing the right platform to do deals across the region.
It is in this precise vein that Grit is Gold. It pioneered the concept of providing investors direct access to real estate ownership in Africa’s high-growth markets (excluding South Africa).
This is a dynamic, high-growth company that has established a strong portfolio of retail, corporate residential, hospitality, warehousing and commercial office assets in Kenya, Morocco, Mozambique, Mauritius and Zambia, with a view to expand into more markets, especially where REIT (Real Estate Investment Trust) legislation has been promulgated.
Grit distributes its income to shareholders in US dollars, making it a currency hedge in addition to participating in superior distribution growth. The Company recently distributed its sixth consecutive distribution to shareholders and targets a dividend yield of over 7% in US dollars.
Grit CEO, Bronwyn Corbett has two days of bespoke networking opportunities, focussing on Morocco, Nigeria, Ghana, Kenya, Rwanda, Tanzania, discussing the impact that structured real estate investments can have on development of the continent.
Given the strong correlation between the investment case of REITs on the one hand and the investment mandate of pension funds on the other, REIT legislation has been a significant catalyst in the growth of listed real estate investments in those markets.
Although Grit distributes its income in the same way as a REIT does, it is not a REIT and pays the relevant taxes in-country.
For South African investors, this means they are charged a lower foreign dividend tax on their earnings, as opposed to a higher income tax compared to distributions from South African listed REITs.
Says Grit CEO, Bronwyn Corbett, “We offer investors exposure to hard currency income at emerging market growth rates, making us a unique addition to any investment portfolio.
Our risk is mitigated by the quality of our tenants, including the likes of Vodacom, Barclays, Beachcomber and Lux Resorts as well as the long-term hard currency leases we have entered into.
Going forward, we are targeting growth in our current countries of operation as well as in new jurisdictions including Botswana, Rwanda and Ghana.”
end
________________________________________
Written and distributed on behalf of the Grit Group by Viv Quann – viv@hotsalsamedia.co.za / 084 486 2136 or Bronwen Blunden – bronblun@gmail.com / 079 060 1905
________________________________________
Editors notes
Recent GRIT news:
10 July 2017 – Mara Delta Property Holdings, the first African focused property fund listed on both the Stock Exchange of Mauritius and the JSE, has announced today a full rebrand and unveiled its new corporate identity.
Read more here - grit.group/news-posts/mara-delta-announces-rebrand-and-unveils-its-name-change-to-grit-real-estate-income-group-limited/
August 2017 - JSE-LISTED, Grit Real Estate Income Group Limited, (previously named Mara Delta Property Holdings), at a press conference held at Sugar Beach Resort, Mauritius in July, announced that it is the official title sponsor of the international 3-day MTB stage race, the Grit Colin Mayer Tour, taking place in Mauritius from 13-15 October 2017 at the Riverland Sports Club, Rivière Noire Region (Black River).
Read more here - grit.group/news-posts/mauritius-high-profile-mtb-stage-race-colin-mayer-tour-bags-grit-group-as-title-sponsor/
ABOUT GRIT REAL ESTATE INCOME GROUP LIMITED
Grit is the largest and only pan-African focused real estate income group listed on the Johannesburg Stock Exchange and the Stock Exchange of Mauritius.
The Company focuses exclusively on real estate assets on the continent (excluding South Africa), underpinned by US Dollar and Euro denominated long-term leases with high quality tenants, delivering strong sustainable income.
Grit manages in excess of US$ 600 million worth of assets (post transfer of current acquisitions) with access to numerous acquisition opportunities. These include a strong pipeline of quality assets in Mauritius, Zambia, Kenya, Uganda, Mozambique, Morocco and others.
The Company’s immediate strategy is to consolidate opportunities within current countries of operation before expanding into other geographies.
Grit Rebrand



Following a well-supported and successful capital raise of US$121 million earlier in July, Grit announced its new name and identity on 10 July 2017 to better reflect its current reality and future growth ambitions. The rebrand process subject to the usual regulatory process, expected to be completed in August 2017. Until then the company’s legal name remains Mara Delta Property Holdings Limited, trading under the JSE short code MDP.
www.grit.group
www.facebook.com/GritGroup/
twitter.com/gritgroup

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