Grit Real Estate Income Group Ltd. is seeking to double its market value to more than $800 million through a London share sale, highlighting lucrative Africa real-estate tenants such as Anadarko Petroleum Corp. and Exxon Mobil Corp. to sell the investment case.
The pan-African property company is looking to raise funds alongside a move to the premium board of the London stock exchange and a relocation to Guernsey from Mauritius, Chief Executive Officer Bronwyn Corbett said on Wednesday. The cash will be invested in projects across the continent, including industrial sites and hotel resorts.