Fahari real estate fund plans to raise Sh9bn in cash call

Kenneth Masika, Fahari chief executive. FILE PHOTO | NMG

Real estate fund Stanlib Fahari I-Reit plans to raise Sh9 billion later this year from current and new investors to fund the purchase of more properties.

Fahari in 2015 raised Sh3.6 billion by selling shares, also known as units, to investors seeking a slice of income and capital gains from the property market.

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