As of 1st February 2025, Broll Property Group was appointed as the strategic partner to Grit Real Estate Income Group Ltd, supporting its ongoing efforts to optimize operations and enhance efficiencies.

The Mauritius-based Pan-African investment and management company appointed Broll to manage Grit’s assets valued at approximately USD 812 million - excluding its retail properties in Zambia and Morocco, where Heriot REIT Ltd and CBRE Ltd will continue as the respective property managers.

This collaboration is expected to deliver cost savings of around USD 1 million annually and allow Grit to sharpen its focus on impact real estate development and asset management initiatives. Additionally, Grit will leverage Broll’s extensive database, regional footprint, systems, and expertise to accelerate vacancy absorption and strengthen portfolio rental collections.

Malcolm Horne, Group CEO of Broll Property Group, commented: "This partnership combines Broll’s expertise in property and facilities management with Grit’s focus on impact real estate, strengthening our commitment to excellence and driving long-term value for all stakeholders."

Bronwyn Knight, Founder & CEO of Grit, added: "This partnership unlocks meaningful economies of scale and, importantly, allows Grit to focus entirely on impact real estate development and asset management as part of our Grit 2.0 strategy.

"After a comprehensive review, the board determined that a more streamlined structure would best support the successful development of our significant pipeline of assets, under the leadership of our predominantly female development team, while ensuring efficient asset management of our portfolio."

Exciting times ahead as we shape the future of impact real estate together!