Property developer Acorn Group posts Sh1.2 billion loss

Qwetu Hostels in Nairobi developed by Acorn. FILE PHOTO | NMG

Property developer Acorn Group Holdings made a Sh1.2 billion net loss in the year ended December 2018, according to the latest available disclosures by the company.

Acorn, which was formed as a joint venture between private equity firm Helios and local investors, had posted a net loss of Sh105.3 million the year before.

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