Mauritian firm opens Kenya office to grow real estate arm

Mauritius-based Grit Real Estate Income Group has established a fully-fledged Kenyan office to serve its growing portfolio of assets in the East Africa region which include retail, storage and high-end residential property.

The company said that it has increased its headcount by 21 to cater for the Kenya unit, as well as a new representative office in Dubai.

Grit’s move to enhance its presence through the office is indicative of the growing importance of the local market to its overall performance, with Kenya accounting for 11.7 percent ($2.6 million/Sh335 million) of its net property income of $22.12 million (Sh2.85 billion) in the six months ended December 2022.