Sector: Real Estate Investment Trusts
Real Estate Investment Trusts
End of day - Sep 22, 2021
7.00 - 7.48
4.98 - 7.34
The STANLIB Fahari I-REIT is Kenya’s first Real Estate Investment Trust (REIT). The Fund aims to provide investors with a steady stream of income and capital growth by investing at least 75% of its Total Asset Value (“TAV”) in real estate in strategic locations within Kenya with a maximum of 25% invested in cash investments or cash-like instruments. The STANLIB Fahari I-REIT is closed-ended and its units are listed on the Nairobi Securities Exchange. Of the Direct Property allocation, the I-REIT will invest as per the permitted sectors including: Mixed Use Developments, Retail (Shopping Centers), Commercial (Offices), Industrial ( Warehousing and Logistics), Hospitality, Residential, Specialized Buildings, Schools, Manufacturing Facilities and Hospitals.