Grit Real Estate Income Group Limited announced signing a variation to the agreement with Gateway Africa Real Estate Limited (Gateway Partners), the outgoing private equity co-founder of Gateway Real Estate Africa Limited (GREA) and African Property Development Managers (APDM), extending the phase 3 option exercise date from 15 December 2022 to 15 May 2023. The option pertains to Grit's right to acquire Gateway Partner's remaining 13.61% interest in GREA and a 1% interest in APDM.