Chapel Hill Denham Management Limited has listed 1.59 billion units of its Nigeria Real Estate Investment Trust (NREIT) on the Main Board of the Nigerian Exchange Limited.
The Listing by Introduction took effect on December 31, 2025.
Units traded under the symbol NREIT at N103 each, valuing the fund at N163.6 billion.
The admission covers Series 1 to 4 under a N400 billion issuance programme.
Chapel Hill Denham Management Limited serves as fund manager, with Chapel Hill Denham Securities Limited as stockbroker.
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Stanbic IBTC Trustees Limited and Rand Merchant Bank Nigeria Limited act as joint trustee and custodian respectively.
Coronation Registrars Limited handles registration.
This listing expands access to diversified real estate assets without direct ownership costs or illiquidity.
Investors gain exposure to income-generating properties through tradable securities.
The NREIT strengthens liquidity in Nigeria’s REIT segment, supporting capital mobilisation for property development.
This development enhances alternative investment options, promoting transparency and institutional participation in the nation’s real estate market.
