Nairobi bourse eyes new REIT listing as segment uptake rises

BDREIT

A Reit is a company that owns, operates or finances income-generating real estate.


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The Nairobi Securities Exchange (NSE) expects to list a new real estate investment trust this year, highlighting the growing interest in funds as an alternative investment in the Kenyan market.

Sources say the REIT will come after the listing of the Laptrust Imara I-Reit by pension scheme Laptrust, which will hold seven properties.

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