Nairobi, March 27 -- Mauritius-based Grit Real Estate Income Group has acquired the additional 50 percent stake in Naivasha's Buffalo Mall that it did not already own in a deal valued at Sh262.5 million, the firm's new financial disclosures show.

London Stock Exchange-listed Grit said in its financial report for the six months ended December 2022 that it had laid out a capital commitment of about $2 million (Sh262.5 million) towards purchasing the additional stake from the mall's other investors.

While the financial report did not clarify whether the deal had been completed subsequent to the closure of the reporting period, a separate investor presentation accompanying the financial filings indicated that the firm has already taken full...