Mauritius-based Grit Real Estate Income Group has completed the purchase of Orbit Products Africa’s manufacturing facilities from businessman Sachen Chandaria in a multi-billion-shilling transaction.
The multinational says it is investing a total of $53.6 million (Sh6.1 billion) to acquire the property and develop it further, with Orbit remaining as a tenant for an initial 25-year lease on the existing factory and warehouses.
