NGX Admits Chapel Hill Denham's N163.6bn NREIT, Boosting Real Estate Investment Opportunities

The Nigerian Exchange (NGX) has approved the listing of Chapel Hill Denham Management's N163.6 billion Nigeria Real Estate Investment Trust (NREIT), representing one of the largest REIT admissions on the exchange. The NREIT will provide institutional and retail investors with opportunities to invest in real estate assets, offering stable returns and diversification.

The listing of 1.59 billion units at N103 per unit implies a market value of N163.6 billion, contributing to the deepening of real estate investment opportunities in Nigeria. This move is expected to boost liquidity in the REIT segment and attract increased investor interest in the real estate market.