Fahari to issue shares in asset acquisitions plan

Stanlib Fahari I-Reit investor briefing at the Nairobi Serena Hotel on March 29. PHOTO | DIANA NGILA | NMG 

Real estate fund Stanlib Fahari I-Reit plans to acquire more properties from pension firms and insurers who will be compensated in the form of shares, also known as units, in the Nairobi Securities Exchange-listed firm.

The proposed transactions are designed to eliminate the need for Fahari to raise large sums of new capital to buy more buildings.

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