Grit Real Estate Income Group Limited (GR1T): Development platform disposal
This situation live
GR1T Grit Real Estate Income Group Limited
26 Oct 2026 · Binding offer accepted; terms under discussion · +0% since
The Board has accepted a conditional binding offer for the disposal of the Group’s interests in GREA and Africa Property Development Managers Limited (“APDM”)
26 Oct 2026 · Binding offer accepted; terms under discussion · +0% since
The precise terms and timing therefore remain under discussion.
Development platform disposal
Binding offer accepted; terms under discussion
Next: Definitive agreements and lender agreement on terms and timing
Every step · 2
- 26 Oct 2026 Binding offer accepted; terms under discussion – The Board has accepted a conditional binding offer for the disposal of the Group’s interests in GREA and Africa Property Development Managers Limited (“APDM”) ↗
- 26 Oct 2026 Binding offer accepted; terms under discussion – The precise terms and timing therefore remain under discussion. ↗
What is happening
Grit Real Estate Income Group Limited: Development platform disposal – Binding offer accepted; terms under discussion. ['Binding offer accepted; terms under discussion']
- In short
- A proposal for GREA and APDM was first disclosed on 29 April 2026. On 26 Oct 2026 the Board accepted a conditional binding offer, but definitive agreements are still to be completed. The assets sit within a financing structure, so lender agreement is needed on terms and timing.
- Announced
- 26 Oct 2026 · Binding offer accepted; terms under discussion
- Latest
- 26 Oct 2026 · Binding offer accepted; terms under discussion
- Business sold
- Group's interests in GREA and APDM plus certain associated assets and liabilities
- Status
- Conditional binding offer accepted 26 Oct 2026; definitive agreements still to be completed
- Conditions
- Lender approvals, releases of existing security, regulatory and third-party approvals
- Price
- not stated
What comes next
Definitive agreements and lender agreement on terms and timing.
From the company's own announcements. Not investment advice.
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Grit Real Estate Income Group Limited – company page →