Grit Real Estate Completes Drive in Trading Unwind

Grit Real Estate Income Group Limited (GB:GR1T) has released an update.

Grit Real Estate Income Group Limited has successfully concluded the unwinding of its Drive in Trading structure, with the transaction fully accounted for in its financial results, ensuring no significant impact on the company’s EPRA NRV. The Public Investment Corporation has expanded its shareholding in Grit by acquiring DiT Security Shares, while Grit has added 9 million of its own shares to treasury without altering the total share count. This move reaffirms Grit’s position as a leader in pan-African real estate investment, underlining its commitment to shareholder returns and potential for growth.

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