Nigeria Real Estate Investment Trust NREIT Share Offer

The Nigeria Real Estate Investment Trust NREIT Share Offer 2023 opportunity.

Application is now open for investors to invest in Naira and earn dividends in dollars. See details below:

Chapel Hill Denham Advisory Limited is pleased to announce that the Nigeria Real Estate Investment Trust (“NREIT” or “Fund”) Series 2 Issuance of up to N44.6 billion (‘The Offer”) under the N100 billion Shelf Programme is NOW OPEN. The Fund is managed by Chapel Hill Denham Management Limited (“CHDM” or the “Fund Manager”) and is duly registered with the Securities and Exchange Commission (SEC).

Fund Summary

NREIT is a Fund that offers a unique opportunity for a broad range of investors to access real estate as an asset class in Nigeria. The Fund’s objective is to invest and acquire high quality, Shariah-compliant, Agrade, income-producing commercial real estate assets in Nigeria across the office, retail, industrial, corporate residential, student housing and other speciality asset sub-sectors, and subsequently deliver attractive risk-adjusted real estate returns to investors, including a quarterly cash distribution.

These quarterly distributions will be made in the currency in which rentals are paid by tenants across NREIT’s portfolio following the Series 2 Offer.

The proceeds from the Series 2 Offer will be used to acquire a high-quality corporate residential portfolio in Maitama Abuja (“the Abuja Portfolio”). The Abuja Portfolio comprises 119 individual properties, with the rentals being paid in US dollars. 87% of the tenants in the portfolio are blue-chip international organizations with many of them residents for more than a decade.

NREIT is effectively raising Naira from investors to acquire the Abuja Portfolio, and investors will receive the distributions in the currency of the rental income paid by tenants, which currently is largely US dollars.

The Fund’s return profile is characterized by regular income, income growth, capital growth and the impact of multiple capital raises to create scale and portfolio diversification, ultimately supporting the robustness of the quarterly distributions proposed by the Fund.

The Offer is scheduled to run from Tuesday, February 28 and close on Friday, March 17, 2023.

Dividends are paid into a Dollar account or equivalent in Naira using the official rate.

How to apply

Interested investors should go to https://funds.chapelhilldenham.com/auth/login and log in or create account to apply.

Include your valid Dollar account number in the “My Profile” section of the portal. (If you do not have one, please ignore it).

For questions or further clarifications, please reach out to us at 0700 CHAPELHILL (0700 242735 4455): 9AM – 5PM, Monday to Friday.