Tuesday, August04, 2020 / 2:30 PM / by Chapel Hill Denham Advisory Ltd /Header Image Credit: Chapel Hill Denham Advisory Ltd                   

ChapelHill Denham Advisory Limited ispleased to notify you of the investment opportunity in the Nigeria Real EstateInvestment Trust ("NREIT" or "the Fund") Series I Offer of up to 20.25billion. NREIT is a fully Shariah compliant fund(with Shariah certification) that has Lotus Financial ServicesLimited as Shariah Adviser. The proceeds from the Series I Offer willbe applied towards investments in high quality, Shariah compliant, A-grade, income producing commercial real estateassets in Nigeria; across office, retail, industrial, student housing and specialtyassets sub-sectors. TheFund is targeting a consistent annual return of20%+ in Naira, including a 10% annual cash distribution (which will be paidthrough quarterly distributions).

NREIToffers a unique opportunity for abroad range of investors to access real estate as an asset class in Nigeria.The Fund Manager, Chapel Hill Denham Management (CHDM) hasidentified over N120 billion of tangible near-term pipeline realestate assets that meet the Fund's mandate, from a broader investment universe of more than N1 trillion. This Offer is issued under a N100 billion IssuanceProgramme that has been duly registered with the Securities and Exchange Commission.

ChapelHill Denham has set out to differentiate NREIT by offering an investmentopportunity in line with global best practice, with the following factorsunderpinning the NREIT investment case:

• The only fully Shariah certified REIT in Nigeria
• Focus on commercial sectors with higher credit quality corporate tenants
• Distribution of over 90% of net income quarterly
• Income and capital growth through inflation-linked escalations
• Listed on the NSE from inception
• An attractive current market entry point for new entrants with no legacy issues
• An experienced Fund Manager with domestic and international track record
• Strong and transparent governance: independent Trustee, Custodian and property valuers
• Management fee based on the market value of the Fund (not on accounting NAV)
• Alignment of the interest of the Fund Manager with investors through CHDM also investing 5% of Series I

Pleasefind below the indicative terms of the Offer:

Thesupporting Offer documentation will be forwarded for your considerationshortly. In the interim, we aresharing the investor presentation for your review and consideration ahead ofthe Offer period. Please do not hesitate to contact the undersigned, should yourequire clarification or further information.

Download Here - NREIT Investor Presentation

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