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The launch of a Real Estate Investment Trust (REITs) market by the Nairobi Securities Exchange (NSE) opens a widow for Kenyan investors to cash in on the country’s lucrative real estate market.
The launch of the investment vehicle yesterday adds another feather in the cap of East Africa’s largest bourse, making it the third exchange in the continent to host a REIT market. According to Mr Geoffrey Odundo, the bourse CEO, launch of the new investment vehicle is targeted at investors who do not have the financial muscle to put up large developments but still desire to actively take part in the country’s growing real estate sector. “The launch of REITs further enhances financial inclusion in our capital markets as average investors will now be able to invest in large-scale commercial, residential and industrial properties, without requiring large sums of money,” he said.
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