Acorn invests Sh3.6bn in 3 new student hostels

QwetuHostelsg

Acorn-owned hostels in Nairobi’s Ruaraka. FILE PHOTO | NMG

Property developer Acorn is set to invest a total of Sh3.6 billion to build three hostels with a capacity to accommodate 4,842 students.

The planned projects will be run by the Acorn D-Reit, the unit which specialises in developing the hostels brands Qwetu which is the premium offering, and Qejani for the mass market.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.