Property developer Acorn has received Sh6.7 billion from Absa Bank Kenya to fund 10 students’ hostel projects with a combined bed capacity of 12,000.
Chief executive at Acorn, Edward Kirathe, said on Wednesday that Absa funding would be added to Sh4.3 billion raised by investors in the Acorn Student Accommodation Development real estate investment trust (D-REIT) to fund the total project value of Sh11 billion.
