A pan-African real estate investor hopes a focus on its London stock listing will give it greater access to new capital.
Grit Real Estate Income Group chief executive Bronwyn Corbett said in a business update that the move earlier this summer to de-list the company from the Johannesburg Stock Exchange and make London its primary listing “will provide the company deeper and wider access to capital markets”.
The company plans to move to the London Stock Exchange’s premium listing segment, and is considering redomiciling to Guernsey, which would allow it to be included in the FTSE indices.
This month, Grit changed the currency for its LSE quote to sterling, which it said should give it broader access to UK investors and improve liquidity.
As well as its London listing, the company’s shares are also trading on the stock market in Mauritius, where it has its head office.
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