Business
CHANGES TO THE BOARD OF DIRECTORS
Grit Real Estate Income Group Limited announces changes to its Board of Directors, with the resignation of Gareth Schnehage as Chief Financial Officer and Executive Director, effective February 4, 2026, due to family commitments and a decision not to relocate to Mauritius. Hugo Jordaan has been appointed as the new Chief Financial Officer and Executive Director, also effective February 4, 2026. Jordaan, a Chartered Accountant with over 25 years of experience, joined Grit in 2022 and previously held significant financial roles, including at International SOS and Orica Group, where he achieved substantial EBIT and working capital improvements. Following these changes, the Board will consist of six directors, with four being independent and non-executive. Disclaimer*
About this update from Grit Real Estate Income Group Limited
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nGrit Real Estate Income Group (GR1T)\n\n\n\n\n\n\nCHANGES TO THE BOARD OF DIRECTORS 05-Feb-2026 / 10:00 GMT/BST\n\n\n\n GRIT REAL ESTATE INCOME GROUP LIMITED\n\n (Registered in Guernsey)\n\n (Registration number: 68739)\n\n LSE share code: GR1T\n\n SEM share code: DEL.N0000\n\n ISIN: GG00BMDHST63\n\n LEI: 21380084LCGHJRS8CN05\n\n (\"Grit\" or the \"Company\" and, together with its subsidiaries, the \"Group\")\n \n \n \n \n \n\nCHANGES TO THE BOARD OF DIRECTORS\n\nInformation disclosed in accordance with LR 6.4.6 and LR 6.4.8\n\nThe Board of Directors (the “Board”) of Grit Real Estate Income Group Limited today announces changes to the Board. \n\nGrit is a pan-African income real estate company focused on investing in, developing and actively managing a diversified portfolio of impact assets underpinned by predominantly US dollar and Euro denominated long-term leases to high-quality multinational tenants.\n\nShareholders are advised of the resignation of Mr Gareth Schnehage as Chief Financial Officer and Executive Director of the Group with effect from 04 February 2026 due to family commitments. \n\nGareth’s decision followed extensive and constructive discussions with the Board regarding the operational requirements of the Chief Financial Officer role at this stage of the Group’s development, including the need for the position to be based in Mauritius alongside the Group’s finance team to support a hands-on execution-focused mandate.\n\nOwing to personal commitments in the United Kingdom, Gareth elected not to relocate to Mauritius. The Board is grateful for his service and contribution to the Group and wishes him well in his future endeavours.\n\nThe Board is pleased to announce the appointment of Mr Hugo Jordaan as the new Chief Financial Officer and Executive Director of the Group with effect from 04 February 2026.\n\nHugo, a Chartered Accountant with more than 25 years’ experience, joined Grit in 2022 and served as Finance Director before his appointment to the Board. Since joining the Group, he has played a central role in financial management, reporting and stakeholder engagement, and has developed a strong understanding of the Group’s financial, operational and regulatory framework. A comprehensive and orderly handover has been completed to ensure continuity an...