Grit Real Estate Income Group Limited (GB:GR1T) has released an update.
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Grit Real Estate Income Group Limited has successfully completed a $100 million recapitalization of its subsidiary, Gateway Real Estate Africa (GREA), with a significant $48.5 million investment from the Public Investment Corporation on behalf of the Government Employees Pension Fund. This injection aims to reduce debt and finance high-yielding, sustainable development projects across Africa. The strategic move reinforces GREA’s position as a key growth platform in the region, with new board appointments reflecting strengthened partnerships.
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