GW Grey PTE Ltd, a major stakeholder in the UH Real Estate Investment Trust has acquired ₦193m worth of shares.
In a regulatory filing on the Nigerian Exchange (NGX) on April 8, 2026, the firm acquired 15,450,000 units of the Trust in a single market transaction.
The units were purchased at a price of ₦12.50 each, bringing the total value of the acquisition to approximately ₦193.13 million.
The transaction, which took place on the floor of the NGX, involves an entity closely associated with the leadership of the Trust, signaling a strong internal conviction in the current market valuation and the long-term prospects of the fund.
This high-volume purchase follows the release of the Trust’s 2025 annual results and is expected to be viewed by the investing public as a strategic move to consolidate ownership amid rising property valuations.
The disclosure remains in compliance with the Exchange’s rules regarding insider trading and transparency.