Strategic partnership with Broll Property Group enhances Grit 2.0 Strategy

Grit, the leading, London-listed pan-African impact real estate investor and solutions provider, announced a pivotal partnership with Broll Property Group (Pty) Ltd. The partnership aims to enhance Grit 2.0 strategy and reinforce its dedication to operational excellence and top-tier property management solutions.

Key Benefits of the Partnership:

Cost Efficiency: The collaboration is projected to result in immediate annual savings of US$1 million. Furthermore, we anticipate continued reductions in administrative costs, aiming to lower our ongoing expenses as a percentage of assets to a targeted 1.0% in the medium term.

Leveraging Expertise: Broll’s extensive database and market presence will accelerate the process of filling vacancies and ensuring efficient rental collections, enhancing long-term value for all stakeholders involved.

Operational Focus: By entrusting Broll with the property and facilities management within Grit’s portfolio, we can streamline our structure. This allows us to focus more effectively on developing key tenant relationships and advancing impact real estate development and asset management.

This partnership is a strategic move to advance Grit’s mission of delivering sustainable, impact-driven real estate solutions across Africa, they are excited about the future and look forward to working closely with Broll to bring our vision to fruition.