Property fund ILAM Fahari I-Reit plans to sell some of its assets to improve returns from its real estate portfolio.
Fahari currently owns four properties –a shopping centre, an office building and two semi-office or light industrial buildings valued at Sh3.25 billion. The sale of some of the assets is part of the proposed restructuring of the fund, details of which are yet to be disclosed. The fund’s annual general meeting has been delayed, awaiting the restructuring options which are before regulators.
