Grit Real Estate boasts good rental collection despite effects of Covid-19
Grit agreed on rent deferrals on 12.7% and rent concessions on 8.4% of contracted rental revenue between March and June
03 July 2020 - 10:15
Property group Grit Real Estate said on Friday that while the effects of Covid-19 remained uncertain, the company had managed to collect most of its rent since the start of lockdowns.
Grit Real Estate — which has a portfolio of 47 assets in Botswana, Ghana, Kenya, Mauritius, Morocco, Mozambique, Senegal and Zambia — said it had collected 90% of the value of its contracted rental revenue between March to June, including prepaid rentals of $4.6m (about R77m)...
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