The Local Authorities Pension Trust, the proprietor of Laptrust Imara real estate investment trust (Reit), sold Sh605 million worth of shares in the listed property fund last year, cutting its stake to 91 percent from full ownership previously.
Laptrust Imara I-Reit says this in its latest annual report on sale of 30.25 million shares (also known as units) to an unspecified buyer in two tranches --250,000 units in March 2023 and 30 million units in October 2023.
