Grit is Gold at Africa Property Investment Summit
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 – This email address is being protected from spambots. You need JavaScript enabled to view it. / 084 486 2136 or Bronwen Blunden – This email address is being protected from spambots. You need JavaScript enabled to view it. / 079 060 1905
Editors notesRecent 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 - http://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 - http://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. grit.group
/GritGroup/
/gritgroup
You Need Real Grit to Win the 2017 Oakley X-Over
Just days after announcing their title sponsorship of the Colin Mayer Tour mountain bike stage race in Mauritius in October, Grit Real Estate Income Group (GRIT) announced its sponsorship of the 4th annual Oakley X-Over event, powered by Sharp, cementing the GRIT brand firmly within the family sporting community in Mauritius and South Africa. The popular, 2-day Oakley X-Over sports-celebrity event took place 20-21 July as part of the J-Bay Winterfest and comprised three vastly different disciplines – a 15km mountain bike race, a surfing contest, and 9-holes of golf.
This year’s sporting celebrities was a star-studded list of Who’s Who in Sport – Jean De Villiers, Dale Steyn, Greg Minnaar, John Smit, Jordy Smith, Ryan Sandes, Garreth McLellan, Giniel De Villiers, Raynard Tissink, Ruan de Smidt, Lance Isaacs, Nick de Wit, Kerim Fitzgerald, Butch James, Seabelo Senatla, Tonderai Chavhanga, Australian wildcard, Tom Whitaker, and radio and TV personality, Ryan O’Connor. In the mountain bike race, multiple Downhill Mountain Bike World Champ, Greg Minnaar, rode into the lead to stay ahead of last year’s overall winner, Raynard Tissink, with Giniel De Villiers finishing third.
The surf event held at Kitchen Windows was unsurprisingly won by Australian surfer, Tom Whitaker. He put on an innovative display in the Kitchen Windows surf, defeating Dale Steyn and Greg Minnaar, who finished second and third respectively. In the last event, the X-Over Golf Tournament at the Links Golf Course, South African golfer, Ruan De Smidt, took the win ahead of Butch James and Garreth McLellan, aka Soldier Boy, MMA’s favourite champion. Once the final tally was calculated, Greg Minnaar was crowned the overall winner of the 2017 Oakley X-Over. The competition runner-up was former South African rugby player, Butch James, and third place went to ex-Springbok captain, John Smit.
Said GRIT Director, and former pro-surfer, Greg Pearson, “This brand association was perfect for GRIT. Here were the toughest sporting individuals in the world taking on each other in disciplines other than their own, and fighting to the end. Similarly, as a company, we compete in the toughest industry and go to war every day for our clients, challenging beliefs on what is possible, proving it’s not what you do that counts but who you are that makes the difference. And we are the best. It takes guts, resilience, initiative and tenacity to succeed – real grit!” Recently, Grit Real Estate Income Group rebranded from Mara Delta to better reflect the current and future growth ambitions of the Company.
The new brand positioning captures the Group’s entrepreneurial and determined spirit, and its ambitions for growth in Africa while entrenching international appeal and stature. Grit has experienced substantial growth over the last few years, having recently paid its sixth consecutive distribution and has set even bolder growth ambitions for the near future, including listing on the London Stock Exchange. “The Oakley X-Over Celebrity Challenge strongly aligns with our motto of ‘work hard and play hard’ and we are very excited to be associated with the event,” comments Pearson. The J-Bay Winterfest took place from 12-23 July, and comprises the Oakley X-Over, the Corona Open J-Bay World Surf League Championship Tour event, the J-Bay Loggers Classic surf contest, the Endurade J-BayX Trail Run, the J-Bay Wind Farm MTB Classic, the Coldwater Classic open-water swim, fishing, kite festival, motocross and more.
About Grit Real Estate Income Group 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.
www.grit.group
You Need Real Grit to Win the 2017 Oakley X-Over
Just days after announcing their title sponsorship of the Colin Mayer Tour mountain bike stage race in Mauritius in October, Grit Real Estate Income Group (GRIT) announced its sponsorship of the 4th annual Oakley X-Over event, powered by Sharp, cementing the GRIT brand firmly within the family sporting community in Mauritius and South Africa. The popular, 2-day Oakley X-Over sports-celebrity event took place 20-21 July as part of the J-Bay Winterfest and comprised three vastly different disciplines – a 15km mountain bike race, a surfing contest, and 9-holes of golf. This year’s sporting celebrities was a star-studded list of Who’s Who in Sport – Jean De Villiers, Dale Steyn, Greg Minnaar, John Smit, Jordy Smith, Ryan Sandes, Garreth McLellan, Giniel De Villiers, Raynard Tissink, Ruan de Smidt, Lance Isaacs, Nick de Wit, Kerim Fitzgerald, Butch James, Seabelo Senatla, Tonderai Chavhanga, Australian wildcard, Tom Whitaker, and radio and TV personality, Ryan O’Connor.
In the mountain bike race, multiple Downhill Mountain Bike World Champ, Greg Minnaar, rode into the lead to stay ahead of last year’s overall winner, Raynard Tissink, with Giniel De Villiers finishing in third. The surf event held at Kitchen Windows was unsurprisingly won by Australian surfer, Tom Whitaker. He put on an innovative display in the Kitchen Windows surf, defeating Dale Steyn and Greg Minnaar, who finished second and third respectively. In the last event, the X-Over Golf Tournament at the Links Golf Course, South African golfer, Ruan De Smidt, took the win ahead of Butch James and Garreth McLellan, aka Soldier Boy, MMA’s favourite champion. Once the final tally was calculated, Greg Minnaar was crowned the overall winner of the 2017 Oakley X-Over. The competition runner-up was former South African rugby player, Butch James, and third place went to ex-Springbok captain, John Smit.
Said GRIT Director, and former pro-surfer, Greg Pearson, “This brand association was perfect for GRIT. Here were the toughest sporting individuals in the world taking on each other in disciplines other than their own, and fighting to the end. Similarly, as a company, we compete in the toughest industry and go to war every day for our clients, challenging beliefs on what is possible, proving it’s not what you do that counts but who you are that makes the difference. And we are the best. It takes guts, resilience, initiative and tenacity to succeed – real grit!” Recently, Grit Real Estate Income Group rebranded from Mara Delta to better reflect the current and future growth ambitions of the Company.
The new brand positioning captures the Group’s entrepreneurial and determined spirit, and its ambitions for growth in Africa while entrenching international appeal and stature. Grit has experienced substantial growth over the last few years, having recently paid its sixth consecutive distribution and has set even bolder growth ambitions for the near future, including listing on the London Stock Exchange. “The Oakley X-Over Celebrity Challenge strongly aligns with our motto of ‘work hard and play hard’ and we are very excited to be associated with the event,” comments Pearson.
The J-Bay Winterfest took place from 12-23 July, and comprises the Oakley X-Over, the Corona Open J-Bay World Surf League Championship Tour event, the J-Bay Loggers Classic surf contest, the Endurade J-BayX Trail Run, the J-Bay Wind Farm MTB Classic, the Coldwater Classic open-water swim, fishing, kite festival, motocross and more.
About Grit Real Estate Income Group
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.
