Capital Markets

MAY and Company is advising Graduare Property Development Limited on the transfer of commercial properties to Real Estate Investment Zambia Plc (“REIZ”) in exchange for shares. This transaction is aimed at converting REIZ into Zambia’s first listed Real Estate Investment Trust (REIT). The deal is a landmark transaction in Zambia’s real estate and capital markets, reinforcing MAY and Company’s expertise in complex real estate investments and capital market structuring. USD 65,000,000 for tranche one. Other tranches under negotiation. No cross-border jurisdictions. Lead partner: Chanda Musonda-Chiluba. Other team members: Hlezipe Alexis Halwiindi. No other firms. First tranche completed. Other tranches are ongoing. https://www.luse.co.zm/wp-content/uploads/2024/06/SENS-ANNOUNCEMENT-REIZ-REIT-NOTICE.pdf