Nation | by Charles Mwaniki
The Capital Markets Authority (CMA) has approved the issuance of a development and investment real estate investment trust (Reit) by student hostel developer Acorn, setting the stage for accelerated development in the city.
The Reit approval follows the issuance of a Reit Manager licence to Acorn last month, with the firm also having issued the first country’s first green bond in October 2019.
Acorn had disclosed in a roadshow presentation to potential investors in September that the D-Reit is expected to be worth Sh4 billion while…
