Chapel Hill Denham Management Limited has marked a significant achievement in Nigeria’s capital markets with the Listing by Introduction of 1.59 billion units of the Nigeria Real Estate Investment Trust (NREIT) on the Main Board of the Nigerian Exchange Limited (NGX).
Okay News reports that the listing, effective December 31, 2025, values the fund at ₦163.6 billion based on a unit price of ₦103 under a ₦400 billion issuance programme.
This admission represents one of the largest Real Estate Investment Trust (REIT) listings on the NGX, expanding opportunities for institutional and retail investors in property-backed securities.
The units trade under the symbol NREIT, with ISIN NGCHDNREIT00, covering Series 1 to 4 comprising 1,588,617,222 units at a nominal value of ₦100 each.
Key parties include Chapel Hill Denham Management Limited as fund manager, Chapel Hill Denham Securities Limited as stockbroker, and Stanbic IBTC Trustees Limited as joint trustee.
The listing by introduction admits existing units without a public offer, based on prior investor holdings and regulatory approvals.
NREIT provides diversified exposure to income-generating real estate assets, offering stable returns without the high capital or illiquidity risks of direct property ownership.
Analysts anticipate increased liquidity in the REIT segment, supported by renewed regulatory backing and growing investor interest in inflation-hedging alternatives during 2025.
The move aligns with efforts to channel long-term capital into Nigeria’s real estate sector amid rising demand for transparent, tradable property investments.
As a Securities and Exchange Commission-authorised scheme, NREIT must distribute at least 75 per cent of rental or dividend income annually to unit holders.
This development reinforces the NGX’s role in deepening alternative investments and fractional ownership in commercial and residential properties.
 on the Main Board of the Nigerian Exchange Limited (NGX).){kind=link}