Chapel Hill Denham Management Limited · NSENG:NREIT
Chapel Hill Denham Management — Nigeria Real Estate Investment Trust (NREIT) — Investor Presentation (January 2025)
17 slides from Chapel Hill Denham Management's investor presentation, January 2025
Slide 1: Nigeria Real Estate Investment Trust (NREIT) Series 3 Fundraise
Nigeria Real Estate Investment Trust (“NREIT”) Series 3 Fundraise January 2025 1
Slide 2: 1. Overview
Q CHAPEL HILL DENHAM 1. Overview
Slide 3: Overview
Overview The NREIT Strategy CHD NREIT Series 3 Fundraise NREIT’s strategy is to raise and deploy Naira from investors to acquire assets with a focus on NREIT is launching a N92bn Series 3 fundraise to acquire high- quality, Shariah compliant, US$ generating assets US Dollar Income US$ or US$-linked
Slide 4: Strategy: Earning US$-income on a Naira Investment
NREIT Strategy: Earning US$-income on a Naira Investment Invest Naira Receive US$ Returns Additional assets Investors subscribe in Naira Dividends paid in the currency in NREIT acquires assets in Naira Invests in US$ yielding assets which income is earned NREIT targets Naira acquisitions and US$ ren
Slide 5: Strategy: Paying Quarterly Distributions
NREIT Strategy: Paying Quarterly Distributions NREIT pays a distribution every quarter, in-line with global best practice Distributions are paid in the currency in which income is earned 2.51 2.3 2.32 2.3 2.02 2.02 2.01 2.00 1.99 1.96 1.92 1.58 1.51 0.9 0.61 0.49 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2
Slide 6: 2. Pipeline
Q CHAPEL HILL DENHAM 2. Pipeline
Slide 7: Near-Term Pipeline: Strong and Well-Developed Pipeline
NREIT Near-Term Pipeline: Strong and Well-Developed Pipeline Sub-sector Location Description Corporate Residential Abuja Acquisition of A-grade residential estate with high quality tenants Industrial / Office Lagos High quality portfolio of assets with A-grade long-term tenants Acquisition of a majo
Slide 8: Near Term Pipeline: Series 3 Investments
NREIT Near Term Pipeline: Series 3 Investments Abuja Portfolio Industrial / Office Portfolio Others Acquisition Naira Naira Naira Currency Rental US$ US$ US$ Currency Occupancy c.80% 100% 100% 1 – 2 years; 15yr+ tenor; c.10 years; c.5 - 10 years; Leases Escalating leases Escalating leases Escalating
Slide 9: 3. Why NREIT
@ HAPEL HILL DENHAM 3. Why NREIT
Slide 10: Why NREIT
NREIT Is Nigeria-focused and Shariah compliant A 100% Nigeria-focused, Shariah compliant REIT vehicle, to be listed on the NGX and priced in Naira Delivers attractive returns with consistent distributions The Fund has a consistent distribution track record, with quarterly distributions since incepti
Slide 11: NREIT's Capital Raising Strategy
NREIT’s Capital Raising Strategy • REITs need multiple capital raises in the same vehicle • NREIT has raised capital multiple times to create scale and diversification Series 3 Launching in Q1 2025 Series n Further substantial capital raises planned to create Initial fund raise scale, diversificatio
Slide 12: Targets the Most Attractive Assets in the Market
NREIT Targets the Most Attractive Assets in the Market Nigerian Real Estate Market 10-15% • High quality, A-grade assets in Nigeria’s prime locations A-Grade Assets – NREIT focus • Newer developments are typically higher quality with strong tenants Asset Quality 30-35% • Lower quality commercial (of
Slide 13: Sector Selection is an Important Driver of Success
Sector Selection is an Important Driver of Success NREIT targets sectors with US$ leases, long lease tenor, high tenant credit quality and contractual escalations help to drive attractive, predictable returns Other Sectors $ Currency N Office Residential High Quality Industrial Corporates Tenant Qua
Slide 14: NREIT is Managed In-line with Global Best Practice
NREIT is Managed In-line with Global Best Practice Active Trusteeship • Independent trustee owns the assets on behalf of unitholders • In-line with global best practice Custodial Services No conflicts • Safeguards NREIT’s cash and assets • NREIT has no conflicts / related party • Manages NREIT’s ban
Slide 15: 4. Series 3 Terms
Q CHAPEL HILL DENHAM 4. Series 3 Terms
Slide 16: NREIT Series 3 – Terms
NREIT Series 3 – Terms Term Issuer Nigeria Real Estate Investment Trust (NREIT) Investment Manager Chapel Hill Denham Structure Closed-ended unit trust domiciled in Nigeria Programme Size N400 billion under which the Units will be issued from time to time Offer Size Up to N92 Billion Offer Price N10
Slide 17: Important Notice
Important Notice This document is issued by Chapel Hill Denham Management Limited (“Chapel Hill actual results, performance or events to differ materially from those expressed or Denham” or the “Fund Manager”) an asset management firm, registered with the implied in such statements. Securities & Exc
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