Property developer Acorn Holdings’ student accommodation income Reit (real estate income trust) cut its effective interest rate on debt from 16.3 percent in January to 11.1 percent last month after refinancing its facilities to take advantage of falling interest rates.
Disclosures contained in the company’s semi-annual report for the period to June 2025 show that the Acorn I-Reit opened the year with total borrowings of Sh2.65 billion, which by the end of June had fallen to Sh2.41 billion.
