STANLIB Fahari I-REIT
Sector: Residential • Location: Kenya
Source: International Finance Corporation (IFC)
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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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
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. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |
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