Acorn transfers seven hostels, targets to borrow Sh1.4 billion

[Image Source: Qwetu/ Acorn Holdings]


Business Daily | by Victor Juma


Student hostels developer Acorn Holdings has transferred seven properties to a publicly-traded real estate trust company, which it recently formed in partnership with other shareholders to make it easier for investors to trade their holdings.

The company also plans to borrow an additional Sh1.4 billion after receiving approval from…

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