Grit Real Estate to acquire an additional stake in Letlole La Rona for $14m.

Grit Real Estate, a pan-African income real estate company, agreed to acquire an additional 23.75% stake in Letlole La Rona, a variable loan stock company that listed on the Botswana Stock Exchange, for $14m. "We are pleased to announce this further increase of our stake in LLR, which represents an opportunity to utilise LLR's local expertise and to gain exposure to exciting asset management opportunities whilst significantly increasing our presence in Botswana, a key market for Grit's future growth. I look forward to working with Chikuni Shenjere-Mutiswa and the LLR team to expand its leading property portfolio and creating further value for shareholders in both Grit and LLR," Bronwyn Corbett, Grit Chief Executive Officer.