Tuesday, August 04, 2020 / 2:30 PM / by Chapel Hill Denham Advisory Ltd / Header Image Credit: Chapel Hill Denham Advisory Ltd
Chapel
Hill Denham Advisory Limited is
pleased to notify you of the investment opportunity in the Nigeria Real Estate
Investment Trust ("NREIT" or "the Fund") Series I Offer of up to 20.25
billion. NREIT is a fully Shariah compliant fund
(with Shariah certification) that has Lotus Financial Services
Limited as Shariah Adviser. The proceeds from the Series I Offer will
be applied towards investments in high quality, Shariah compliant, A-grade, income producing commercial real estate
assets in Nigeria; across office, retail, industrial, student housing and specialty
assets sub-sectors. The
Fund is targeting a consistent annual return of
20%+ in Naira, including a 10% annual cash distribution (which will be paid
through quarterly distributions).
NREIT
offers a unique opportunity for a
broad range of investors to access real estate as an asset class in Nigeria.
The Fund Manager, Chapel Hill Denham Management (CHDM) has
identified over N120 billion of tangible near-term pipeline real
estate assets that meet the Fund's mandate, from a broader investment universe of more than N1 trillion. This Offer is issued under a N100 billion Issuance
Programme that has been duly registered with the Securities and Exchange Commission.
Chapel
Hill Denham has set out to differentiate NREIT by offering an investment
opportunity in line with global best practice, with the following factors
underpinning the NREIT investment case:
Please
find below the indicative terms of the Offer:
The
supporting Offer documentation will be forwarded for your consideration
shortly. In the interim, we are
sharing the investor presentation for your review and consideration ahead of
the Offer period. Please do not hesitate to contact the undersigned, should you
require clarification or further information.
Download Here - NREIT Investor Presentation
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