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Fusion Capital gets regulator approval to issue Sh7.4 bn REIT

Fusion Capital chief executive Luke Kinoti. The private equity firm plans to raise a maximum of Sh7.4 billion shillings to be split between commercial and residential development. FILE PHOTO |

The Capital Markets Authority (CMA) has given Fusion Capital the green light to issue two Development Real Estate Investment Trusts (D-REIT), the first such securities to be launched in Kenya.

Fusion Capital plans to raise a maximum of Sh7.4 billion to be split between commercial and residential development.

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