Fahari vacancy rate rises to 39 percent

ICEA Lion Asset Management Chief Executive Officer Einstein Kihanda. FILE PHOTO |  NMG

Property fund ILAM Fahari I-REIT has been hit by the exit of its only tenant at 67 Gitanga Place, a three-storey office building in Lavington.

The exit of the tenant in the half year ended June has opened a deficit of 41,312 square feet in gross lettable area for the fund’s rental properties.

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