Purple Real Estate Income Plc: Initial Public Offering

We are pleased to inform you that the Purple Real Estate Income PLC (“Purple”, “the Issuer” "PREIP" or “the Company”) Initial Public Offering (“IPO”) of 2,000,000,000 Ordinary Shares of 50 kobo each at ₦5 per share (“the Issue”) is NOW OPEN.

PREIP is a tech-enabled real estate business that commenced operations in 2014 and is responsible for the development of Purple Maryland (Previously Maryland Mall) amongst other real estate projects. Taking learnings from its flagship asset, Purple is expanding its real estate footprint by delivering similar investment grade assets including Purple Lekki, an all-inclusive building currently being developed. PREIP is on the path to becoming the first approved Real Estate Investment Company (REICO) in Nigeria beginning with an Initial Public Offer of two (2) billion Ordinary Shares at ₦5 per share. The REICO system will allow the company consistently raise capital for the acquisition and development of assets.

The Company’s principal activities include the purchase, lease, development, and management of properties to generate sale and rental income as well as income from other services, including advertising and facilities management. Purple is evolving into a tech-driven real estate company deploying proptech solutions such as Purpleshop and Fractions to eliminate the barriers to world-class retail and real estate ownership. Purple subsidiaries are Maryland Mall Limited, Purple Proptech Limited, Lekki Retailtainment Limited, Purple Asset Managers Limited, Purple Urban Limited and Cible Media Limited.

Application Process

• Download and complete Application form  in the Documents section below.
• Make payment for subscription.
• Send completed application form and payment receipt to [email protected].

Important: Kindly state your full name (first and last name in that order) as payment narration or description into the account above.

For further enquiries, kindly contact [email protected] or call 014220004.