Grit Real Estate Income Group Limited (GB:GR1T) has released an update.
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Grit Real Estate Income Group Limited is advancing its strategy by selling off non-essential properties, including the Tamassa resort in Mauritius, to reduce its debt and strengthen its balance sheet. The proceeds from these disposals are being redirected towards debt repayment and growth in sectors with long-term leases in hard currencies. The company’s reshaping efforts are aimed at achieving a medium-term annual total return target of 12%-15%, with a focus on resilient and impact sectors.
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