IN BRIEF: Grit To Sell Morocco Mall Stake For USD25.5 Million

Grit Real Estate Income Group Ltd - pan-African real estate company - Agrees to sell just shy of ...

Alliance News 18 September, 2020 | 5:56PM
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Grit Real Estate Income Group Ltd - pan-African real estate company - Agrees to sell just shy of a 40% stake in Delta International Bahrain SPC, owner of AnfaPlace Mall shopping complex in Morocco for USD25.5 million to Gateway Real Estate Africa Ltd. Deal reduces Grit's retail exposure to just under 25%.

Current stock price: 57.00 pence

Year-to-date change: up sharply from 1.19p

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
GRIT Real Estate Income Group Ltd 44.56 GBX -3.13 -

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