Student hostels developer Acorn Holdings has completed the transfer of seven properties to a real estate trust, which it recently formed in partnership with other shareholders to make it easier for investors to trade their holdings.
The company also received approval from the Capital Markets Authority (CMA) to raise the ceiling of its bond programme to Sh5.7 billion from the previous Sh5 billion. Acorn has already raised the Sh5.7 billion from bondholders.
