– MAURITIUS, Grand Baie – Grit Real Estate Income Group Limited (LON: GR1T | JSE: GTR) today announced the appointment of Cross Kgosidiile to its Board as Independent Non-Executive Director, effective from 5 March 2021. He has also been appointed as a member of the Audit and Risk Committees.
Grit Real Estate Income Group is a leading pan-African real estate company focused on investing in and actively managing a diversified portfolio of assets underpinned by predominantly US$ and Euro denominated long-term leases with high-quality multi-national tenants.
“The Board looks forward to welcoming Cross to the Board of Grit and working closely with him. His depth of knowledge, wealth of wide-ranging experience as well as relationships in the region will make a significant contribution to the further growth of Grit and delivering further value to our shareholders.” said Non-Executive Chairman, Peter Todd.
About Cross Kgosidiile
Mr Kgosidiile is the Managing Director of the Botswana Development Corporation, the main agency for commercial and industrial development, founded in 1970 with the Government of Botswana as its sole shareholder.
He has over 20 years’ experience in building high-performance businesses and teams, having served in a variety of leadership roles, including at the Botswana Power Corporation, the Motor Vehicle Accident Fund, and the national airline, Air Botswana. Mr. Kgosidiile has also worked as a business consultant where he focused on property transactions. His expertise spans corporate finance and business strategy, information technology, supply chain management, and business transformation.
He holds a Bachelor of Commerce in Accounting and a Master’s Degree in Business Administration, both from the University of Botswana. He is a fellow member of the Chartered Institute of Management Accountants and a fellow member of the Botswana Institute of Chartered Accountants.
Mr. Kgosidiile is currently Board Chairman of Mmila Fund Administrators which administers the Debswana Pension Fund, Board Member of Prime-Time Property Holdings Limited, a Council Member of ABM University College, and Trustee of Botswana Medical Aid Society. Previously, he was Chairman of the Botswana Building Society and, a board member of Botswana Railways, Stanbic Bank Botswana Limited, MVA Fund, and KYS Investments Limited.
About Grit Real Estate Income Group Limited
Grit Real Estate Income Group Limited is a leading pan-African real estate company focused on investing in and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). These high-quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a diverse range of robust property sectors.
The Company is committed to delivering strong and sustainable income for shareholders, with the potential for income and capital growth. The Company is targeting net total shareholder return inclusive of NAV growth of 12.0% p.a.*
The Company currently holds a primary listing on the premium segment of the Main Market of the London Stock Exchange (LSE: GR1T) and a secondary listing on the Official Market of the Stock Exchange of Mauritius Ltd (SEM: DEL.N0000).
For more information: https://grit.group/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
