Grit Real Estate Income Group Accelerates Chairmanship Handover to Nigel Nunoo

Grit Real Estate Income Group Limited ( (GB:GR1T) ) just unveiled an update.

Grit Real Estate Income Group has announced a change in its board leadership, with long-serving chairman Peter Todd stepping down following a structured succession and independent non-executive director Nigel Nunoo assuming the role of chairman effective 26 January 2026. Nunoo, a seasoned financial executive with extensive pan-African and global experience, will also chair the Investment Committee and continue to lead the Risk Committee, while other executive and committee structures remain unchanged, leaving a six-member board with a strong majority of independent directors. The board framed the accelerated handover as aligned with best-practice governance and aimed at ensuring leadership continuity and disciplined oversight as the group pursues its strategic priorities around balance sheet optimisation and long-term value creation.

The most recent analyst rating on (GB:GR1T) stock is a Hold with a £7.00 price target. To see the full list of analyst forecasts on Grit Real Estate Income Group Limited stock, see the GB:GR1T Stock Forecast page.

Spark’s Take on GB:GR1T Stock

According to Spark, TipRanks’ AI Analyst, GB:GR1T is a Neutral.

Grit Real Estate faces significant financial challenges with high leverage and negative net income, which weigh heavily on its stock score. The technical analysis suggests a bearish trend. However, the company’s strategic initiatives, including expansion and cost-saving partnerships, provide a positive outlook for future stability and growth. A high dividend yield offers some appeal despite a negative P/E ratio.

To see Spark’s full report on GB:GR1T stock, click here.

More about Grit Real Estate Income Group Limited

Grit Real Estate Income Group Limited is a leading pan-African impact real estate company that invests in, develops and actively manages a diversified portfolio of high-quality assets across selected African countries, excluding South Africa. Its properties are backed by predominantly US dollar and euro-denominated long-term leases to blue-chip multinational tenants across robust property sectors, with a focus on delivering sustainable income and potential capital growth for shareholders. The company is primarily listed on the Main Market of the London Stock Exchange and has a secondary dual-currency listing on the Stock Exchange of Mauritius.

Average Trading Volume: 1,173,761

Technical Sentiment Signal: Sell

Current Market Cap: £33.72M

Learn more about GR1T stock on TipRanks’ Stock Analysis page.