European fund InfraCo Africa is set to buy a Sh1 billion stake in student hostels developed by Acorn Holdings.
Documents seen by the Business Daily show that InfraCo, owned by the governments of UK, Netherlands and Switzerland, is among the investors approached by Acorn to invest in new vehicles that will own the properties. Acorn is creating a development real estate investment trust (D-Reit) which will build the student hostels.
