Mauritius-based Grit Real Estate Income Group will acquire an additional 50 percent stake in Naivasha’s Buffalo Mall in a deal valued at Sh262.5 million, the firm’s new financial disclosures show.
London Stock Exchange-listed Grit said in its financial report for the six months ended December 2022 that it has committed about $2 million (Sh262.5 million) towards purchasing the additional stake from the mall’s other investors, pending regulatory approval.
