Grit Real Estate Announces Restructuring Plan to Reduce Debt and Sell Properties
Originally published by Hivileo — Read the original article →
Grit Real Estate Income Group has announced plans to restructure its business to reduce debt and ease financial pressure.
In an announcement issued on October 26, 2026, the company outlined progress on a proposed strategic transaction, plans to sell more properties, and ongoing discussions with lenders.
“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”), together with certain associated assets and liabilities (the “Development Platform Transaction”) which involves the separation of GREA and APDM from the Group,” the board of Grit Real Estate stated.
