Centum property dollar fund hits Sh3.9bn target

Two Rivers International Finance and Innovation Centre (Trific) SEZ chief executive officer Brenda Mbathi.

Photo credit: File | Nation Media Group

Centum’s dollar-denominated TRIFIC property fund has met its target of raising Sh3.86 billion ($29.83 million), unlocking funds for the construction of an environmentally friendly commercial property in the special economic zone.

The offer was slightly oversubscribed at 103.3 percent, underlining significant investor appetite for the income real estate investment trust.

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