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Grit sees investment opportunities worth R8.6bn

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The real estate income group is eyeing investments in the industrial, corporate accommodation and hospitality sectors

Grit CEO Bronwyn Corbett says the group is well-placed for growth. Picture: SUPPLIED

At the end of December 2018, the company’s property portfolio and other income-producing assets were valued at $796.4m. “We are well-placed with an excellent platform for growth and we look forward to capitalising on a significant and growing pipeline of investment opportunities that the company has currently identified,” said CEO Bronwyn Corbett.

Grit wants its loan-to-value ratio to reduce to between 35% and 40% over the medium term, from 43.4% at the end of December 2018.

 

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