Grit Real Estate Income Group

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Market Cap:
£195.55 m
64.00 GBX
52 weeks high
52 weeks low

Urban DNA

To have grit is to move to action, to animate, to drive, and to energise. It is a signal of proactive commitment to creating enduring value by energising and  inspiring while being rooted in clarity of thought. To have grit, therefore, is to seek resolution in a way that inspires passion and activates ambition that is  grounded in insight.

Grit is not easy to define.
Sometimes it’s easier to define it by what it isn’t:
It isn’t talent.
It isn’t luck or timing.
It isn’t about a fleeting desire.
It isn’t about hard work.
Grit is an unwavering dedication.
It is more about attitude than the end game.

The commitment to finish what we start.
The determination to rise from setbacks.
The drive to improve and succeed.
The willingness to undertake sustained and sometimes unpleasant preparation and repetition in order to do so.
Grit is the achievement of a singularly important goal.

Through perseverance and passion.
It is achieving success not based solely on experience or skill,
But also through the sustained and focused application of experience and skill over time.


. Commodity House Phase 1
. KPMG/Hollard Building
. Vodacom Building
. Zimpeto Square
. Bolloré Warehouse
. Mall de Tete
. Commodity House Phase 2
. VDE Housing Estate


. Anfa Place


. Barclays House
. Tamassa Resort
. Canonnier Beachcomber Resort & Spa
. Mauricia Beachcomber Resort and Spa
. Victoria Beachcomber Resort and Spa


. Buffalo Mall
. Imperial Warehouse


. Mukuba Mall
. Kafubu Mall
. Cosmopolitan Mall


current        approved












Heidi Rix
Group General Manager

Heidi joined Grit as Chief Operating Officer in May 2016. She has 19 years’ commercial and real estate experience and is an admitted attorney holding BComm and LLB degrees in addition to specialised real estate sector qualifications. Heidi has recently taken on an expanded role as Group General Manager. Before joining Grit, Heidi was a Group Director and Managing Director of the Broll Property Group’s Investor Services Division. In this capacity, Heidi was responsible for the Asset Management, Property Management and Retail Leasing businesses at Broll.

Her expertise include asset management, investment management, portfolio management, portfolio and management structures and performance management, lease management models, value optimisation of property assets, property acquisitions and disposals, real estate development projects (Greenfield opportunities), redevelopment/refurbishment projects (Brownfield opportunities) and portfolio analysis and due diligence. Prior to joining Broll, Heidi successfully managed her own property investment consulting business for over two years and held previous positions in the industry as a director for Atterbury Asset Managers as well as General Manager for RMB Properties (Pty) Ltd (now known as Eris Property Group).

Moira Van Der Westhuizen
Chief Integration Officer
BCom (Hons), CA (SA)

Moira joined MaraDelta in May 2016 as the Chief Integration Officer. She holds a B Com (Honours) degree from the University of South Africa and is a qualified Chartered Accountant.

She has over 20 years of experience in finance, business and auditing, which included running her own business and then in 2005 going into partnership as the Audit Partner in an Audit and Accounting practice. In 2008 she moved to Mauritius and worked for Investec Bank and later the CCI Group as the Group Financial Controller.

Greg Pearson
MCMI, Elec Eng

Greg Pearson is a founder member of Grit and has been instrumental in sustaining its rapid growth since inception in 2014.

Prior to Grit, Greg was responsible for expanding AECOM’s African footprint. His hands-on experience has allowed him to develop an expansive strategic business network with local and global developers as well as influential industry players on the continent and beyond. He has successfully completed a series of developments across the office, retail, leisure, education and healthcare sectors.

Greg is registered with the Chartered Management Institute and a graduate of Kingston University, London.

Investment Management


Karen Bramley
Country Executive – East Africa

Karen has some 30 years plus in the commercial property arena. Karen started her career at Old Mutual properties, where she spent 11 years. In addition she spent some 10 years at Standard Bank where she was part of the property equity team acquiring and asset managing developments and investment properties for third party tenants in joint venture partnerships. She has spent time working with Listed Property Funds in South Africa and unlisted property funds.

Karen experience includes property management , asset management, investment broking, property acquisitions, valuation, property fund management, with exposure to all classes of commercial property including retail, industrial and offices. Karen’s involvement is now in East Africa where she will bring these property skills in the commercial property arena to acquire, develop and asset manage property for Grit Real Estate Income Group.


Bevan Smith
Senior Investment Manager
BCom (Acc) (Hons), CA (SA)

Bevan is a chartered accountant with an Honors Degree in Accounting from Unisa and is also a CFA charter holder. Bevan joined the Delta Group in 2015 as an Investment Manager and then moved into the role of Senior Investment Manager at Grit Real Estate Income Group. Prior to joining Grit Real Estate Income Group Bevan held the roll of Investment Principal at RH Managers, a boutique private equity firm, specializing in green field healthcare investments within South Africa.

In 2013 Bevan was instrumental in the successful listing of Accelerate Property Fund on the JSE, which consisted of 51 properties, valued at R5.9 billion. Post completion of his articles in 2009, Bevan joined EY’s corporate finance division TAS, where he gained invaluable experience in due diligence, valuations, lead advisory, business modelling and JSE related activities.


Jaco Van Zyl - Deputy CFO
Deputy Chief Financial Officer
BCompt (Hons), BCom, CA(SA)

Jaco holds a BCom Degree from the North-West University, a BCompt Honours Degree from the University of South Africa and he is a qualified Chartered Accountant. After completing articles he’s moved to Federal Airlines as Financial Manager and ultimately assumed responsibility of the full finance function.

In January 2012 he joined JSE-listed group, Sentula Mining’s exploration drilling division Geosearch as the Financial Manager and developed as the CFO assuming responsibility for the full financial function of the Geosearch group.

Ashvin Metturjeet
Finance Manager – Mauritius

Ashvin is a member of the Association of Chartered Certified Accountants (ACCA) and also of the Mauritius Institute of Professional Accountants (MIPA). He has 15 years of audit and tax experience for Mauritian entities.

In April 2015 he joined Premier Betting Rwanda Ltd as Chief Finance Officer where he assumed responsibility of the finance and compliance function.
He joined Delta in December 2015 as Finance Manager for all Mauritian and Francophone entities.

Mohammed Bouibaoune
Group Finance Manager – Morocco
MCom (Fin, Acc & Tax), BCom (Ecos & BAdmin)

Mohammed holds a BCom Degree in Economics and Business Administration from the Cadi Ayyad University in Marrakesh – Morocco, and an MCom in Finance, Accounting and Taxation from the National School of Commerce and Management of Settat – Morocco.

Prior to GRIT, he worked for the Moroccan branch of RSM International Ltd where he gained valuable experience in the finance industry, specializing in accounting and auditing. In March 2015, he joined Grit Real Estate Income Group as Senior Accountant, and was promoted to Finance Manager in January 2016

Edson Neves
Finance Manager – Mozambique
BCom (Acc)

Edson joined Grit Real Estate Income Group in January 2016 and currently holds a position of Finance Manager for Mozambique entities, he holds a degree in Accounting and Finance and he is a member of Mozambique Accountants and Auditors Order (OCAM).

After completing the articles he moved to Deloitte&Touche Mozambique in December 2012 where he achieved the position of senior, he was also involved on Adjustment account of S&C Imobiliaria. He brings some experience in Finance Due Diligence, auditing and accounting




Trevor Matthews
Senior Operations Asset Manager
Anfa place Development Asset Manager – Morocco

Trevor has over 35 years industry experience commencing his career in property in 1979 as property assistant with Rand Mines Properties. He established the building blocks to a long and successful career in the sector. After spending a few years with funds and other property companies , Trevor joined Liberty Life Properties as leasing manager responsible for Sandton City. He played an active role in the initial refurbishment in 1994 and most of the expansions thereafter.

Before joining Grit in 2013, Trevor  was responsible for the Asset Management of the  Fountainhead Property Trust Retail Portfolio. Trevor’s role as retail asset manager included  10 retail assets, total of approximately R4 billion in value; and was responsible for the successful expansions and refurbishments of these malls over a period of 11 years.

Debby Kippen
Group Asset Manager

Debby has almost 30 years’ experience in the Commercial Property Industry. After graduating from UCT she started her career at Fedsure which was subsequently acquired by Investec Property Group. This relationship spanned a period of some fifteen years. Initially starting out in marketing she progressed into Retail Centre Management and Portfolio Management for the Kwa Zulu Natal and Eastern Cape portfolios. For the last 11 years Debby headed up the Eris Property Group KZN office as Regional Manager for KZN and Eastern Cape. She was responsible for growing the groups business as well as managing existing assets for both third party and internal clients in commercial, retail and industrial portfolios.

During her career she has also focused on the management of rural property developments in the Eastern Cape and northern KZN. During this time she represented property owners on various Association Boards including the La Lucia Ridge Office Estate, Ridgeside Office Estate and Westway Office Park and was the founding Chairperson of the Board for the Umhlanga Village UIP. Prior to joining Grit Real Estate Income Group, Debby was General Manager for Broll in Property and Facilities Management in Mauritius.

Ojong Nso
Financial Asset Manager – Group Asset Management

OJ is the Operations Asset Manager at Grit Real Estate Income Group. OJ started his career in the financial services industry in 2004 as a principle business planning consultant and financial analyst for Africa International Network. This role came shortly after graduating from the University of Buea in Cameroon where he holds a BSC Honours degree in Banking and Finance.

OJ holds a broad number of qualifications in finance which include a Business Accounting certificate from the Charter Institute of Management Accountants in the United Kingdom, MPhil. International Banking and Finance from the International Relations Institute of Cameroon and is currently studying towards an MSC in Real Estate from the University of Pretoria.


T:  +230 269 7090
A: 3rd floor, La Croisette Shopping Mall, Grand Baie, Mauritius
E: [email protected]



T: +254 716 328 384
A: Ground Floor, Block A, Nairobi Business Park, Ngong Road, Nairobi, Kenya
E: [email protected]


T: +212 522 954 646
A: Anfaplace Shopping Centre, Bureau de Gestion, Boulevard de la Corniche, Aid Diab, 20000, Casablanca
E: [email protected]


T: +258 212 44700
A: S&C Imobiliária, Av. Julius Nyerere n 3412,R/C Maputo – Mozambique
E: [email protected]

Company Secretary and Registered Office

Intercontinental Fund Services Limited
Level 5, Alexander House
35 Cybercity
Ebene, 72201

Sponsor in Mauritius

6th Floor, Dias Pier Building
Le Caudan Waterfront
Caudan, Port Louis

Registrar and Transfer Agent in Mauritius

Intercontinental Secretarial Services Limited
Level 3, Alexander House
35 Cybercity
Ebene, 72201

Legal Advisor in Mauritius

C & A Law
Suite 1005, Level 1
Alexander House
35 Cybercity
Ebene, 72201

SEM Authorised Representative and Sponsor

Perigeum Capital Limited
Level 3, Alexander House
35 Cybercity
Ebene, 72201

Transfer Secretaries in South Africa

Computershare Investor Services Proprietary Limited
Ground Floor
70 Marshall Street
Johannesburg, 2001
South Africa

Sponsor in South Africa

PSG Capital Proprietary Limited
1st Floor, Ou Kollege Building
35 Kerk Street
Stellenbosch, 7600
South Africa

Legal Advisor in South Africa

Bowman Gilfillan Inc.
165 West Street
Sandton, 2146
South Africa

Date and Place of Incorporation

Incorporated on 16 May 2012 in Bermuda and registered by Continuation as a Public Company in Mauritius on 11 March 2015