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Kenya's wealthy ditch industrial investments for retail property

Perfectly manicured suburban street on a beautiful clear September day. [Getty Images]

Ultra-rich Kenyans are shying away from investments in industrial properties and development of land in favour of residential and retail real estate owing to their high returns, a new survey has shown.

According to Knight Frank's annual Wealth Report released yesterday, high-net-worth individuals in the country ramped up investments in rented residential and retail properties in 2023.

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