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Firm to invest Sh12bn in Kenyan real estate

Xterra joins a growing list of funds buying Kenyan properties in the office and retail space. PHOTO | FILE

Mauritian real estate fund Xterra Capital Advisors has identified Kenyan properties worth close to Sh12 billion in which it will invest the proceeds from its on-going fundraising.

The property fund says it will invest $114 million (Sh11.6 billion) in a 90,000 square metres high-end mixed-use development in Nairobi County.

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