WATCH | Income to impact: African real estate investments that go beyond buildings

Pan-African property group Grit Real Estate Income Group recently concluded a $306m refinance agreement with Standard Bank.

The sustainability-linked loan and revolving credit facility is the largest of its kind for Sub-Saharan Africa’s real estate sector (excluding SA) to date.

The Financial Mail recently hosted an in-depth panel discussion about this benchmark transaction with representatives from these companies.  

This event aimed to unpack various topics by providing an overview of the African debt market landscape and the barriers to cross-collateralization.

The discussion also highlighted the importance of environmental, social and governance in the negotiation of refinancing transactions, target setting and the key drivers that support funding objectives.

Moderated by Financial Mail’s money and investing editor, Giulietta Talevi, the panel included:

• Bronwyn Knight, CEO of Grit;
• Leon van de Moortele, CFO of Grit; 
• Jaco van Zyl, head of treasury at Grit;
• Niyi Adeleye, head of real estate finance: Africa regions at Standard Bank Group;
• Simon Gouweloos, head of real estate finance: South and Central Africa at Standard Bank Group; 

• Ntombentsha Odolo, legal adviser, (investment banking) at Standard Bank; and 

• Anneke Lund, executive of sustainable finance at Standard Bank.

Watch the recording of this event above.

This article was paid for by Arena Events.