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East Africa’s real estate market primed for those who know it best
Delegates follow proceedings during the 9th Annual East Africa Property Investment Summit (EAPI) 2022 with the theme "A Re-newed Focus" on May 18, 2022.
In 2023, a financing deal quietly redrew the boundaries of East Africa’s real estate playbook. Acorn Holdings Limited secured Sh6.7 billion from Absa Group and Absa Bank Kenya to develop 10 purpose-built student accommodation sites across Nairobi.
On paper, it was a domestic transaction. In substance, it marked three precedents: the first time a development Real Estate Investment Trust had been bank-financed through a bilateral loan in sub-Saharan Africa, the first sustainable finance facility for commercial property outside South Africa and a decisive shift in where —and how—real estate value is now being constructed.
