Chapel Hill Denham Lists N163.6bn NREIT on NGX Main Board, Deepening Real Estate Investment Opportunities
Chapel Hill Denham Management Limited achieved a major milestone by listing a Nigeria Real Estate Investment Trust (NREIT) worth N163.6 billion on the Nigerian Exchange Limited (NGX) main board. The listing of 1.59 billion NREIT units signifies a step towards deepening real estate investment opportunities for institutional and retail investors.
The NREIT is listed at N103 per unit, translating to a market capitalization of approximately N163.6 billion. The fund is part of a N400 billion issuance program, with key parties involved including Chapel Hill Denham Management Limited, Stanbic IBTC Trustees Limited, and Rand Merchant Bank Nigeria Limited.
The move is expected to expand Nigeria's alternative investment landscape, providing investors with exposure to the property market without the high capital requirements associated with direct property ownership.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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