Acorn eyes Nairobi's young workers with new Sh2.2b housing project

Acorn Holding Limited Chief Executive Officer (CEO), Edward Kirathe (front left) and U.S. International Development Finance Corporation’s (DFC) CEO Scott Nathan present documents after signing a USD 180 million (KES 23.6 billion) financing deal at the US Chamber of Commerce headquarters in Washington D.C.[Mike Kihaki/Standard]

Acorn Holdings Ltd has received regulatory approval from the Capital Markets Authority (CMA) to roll out a new build-to-rent development Real Estate Investment Trust (D-Reit).

The housing projects will be located near major employment centres such as Nairobi’s CBD, Upper Hill, Westlands, Industrial Area, and emerging business districts to reduce commuting time and costs for young workers.