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STANLIB Fahari I-REIT

Sector: Residential • Location: Kenya

Source: International Finance Corporation (IFC)

Project
Active

IFC investment of up to US$15 million-equivalent in STANLIB Fahari Property Income Fund Income Real Estate Investment Trust (“STANLIB Fahari I-REIT”), a US$125 million-equivalent I-REIT in Kenya which will be listed on the Nairobi Securities Exchange. The I-REIT will own and manage existing, income-generating real estate properties. STANLIB Fahari I-REIT will be the first I-REIT to list in Kenya

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The project “STANLIB Fahari I-REIT” is an infrastructure initiative in the Residential sector, located in Kenya. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Description

Description

IFC investment of up to US$15 million-equivalent in STANLIB Fahari Property Income Fund Income Real Estate Investment Trust (“STANLIB Fahari I-REIT”), a US$125 million-equivalent I-REIT in Kenya which will be listed on the Nairobi Securities Exchange. The I-REIT will own and manage existing, income-generating real estate properties. STANLIB Fahari I-REIT will be the first I-REIT to list in Kenya following enactment of The Capital Markets (Real Estate Investment Trusts) (Collective Investments Schemes) Regulations, 2013. The listing of the I-REIT is subject to Kenyan regulatory approval.Successful establishment of Real Estate Investment Trusts as a liquid financial instrument used to gain exposure to Kenyan real estate help unlock significant capital resources to fund Kenya’s real estate gaps.

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High

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