Grit now in eight African countries with Senegal acquisition
28 January 2020 - 09:36
Grit Real Estate, the only pan-African property group listed on the JSE, has completed its acquisition of the Club Med Cap Skirring, a hotel in Kabrousse, Senegal.
The cost of the deal, first announced in July, has risen almost 4% to €16.2m (R259m) due to pre-development expenses incurred by Club Med SAS, with Grit planning further redevelopment and renovation at the hotel...
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