Acorn gets nod to raise Sh2.2bn for young professionals housing

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Edward Kirathe, Group CEO Acorn at a past event. FILE PHOTO | BILLY OGADA | NMG

Property developer Acorn has obtained regulatory approval for a Sh2.2 billion housing fund that will build high-end rental studio and one-bedroom apartments in Nairobi, targeting young professionals

The fund seeks to build the units in key business areas in Nairobi, with young professionals getting into the job market and not ready for a mortgage being the target.

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