GRIT Real Estate Income Group Limited’s Placing and Open Offer

In UK Gowling WLG, advised on the matter.

Gowling WLG advised GRIT Real Estate Income Group with a team including Nick Heather (Picture – Equity Capital Markets).

finnCap Limited as sponsor and bookrunner to GRIT Real Estate Income Group Limited (“GRIT”) in relation to a placing and open offer, the results of which were announced by GRIT on 20 December 2021, as well as two Class 1 acquisitions.

Grit Real Estate Income Group Limited is the leading pan-African real estate company focused on investing in and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). These high-quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a diverse range of robust property sectors.

The acquisitions comprise the purchase by GRIT of certain shares in Gateway Real Estate Africa Limited (“GREA”) and Africa Property Development Management Limited (“APDM”).

The Gowling WLG team advising finnCap Limited was led by consultant Nick Heather (Picture), legal director Caitlin Cumming and principal associate Kate Seabourne.

Involved fees earner: Caitlin Cumming – Gowling WLG; Nick Heather – Gowling WLG; Kate Seabourne – Gowling WLG;

Law Firms: Gowling WLG;

Clients: GRIT Real Estate Income Group ;

Author: Giulia Di Palma