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The Standard e-Paper
Kenya's Bold Newspaper
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
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| A well planned estate in Nairobi. Experts hope that Reits will bring with it more investment grade developments. [PHOTOS: GILBERT OTIENO AND COURTESY/STANDARD] |
When Real Estate Investment Trusts (Reits) regulations were finally gazetted last year, there was excitement across the country. The Capital Markets Authority (CMA) which crafted the rules described Reits as the “exploring of additional channels of raising long-term capital necessary to fund the scale of the projects envisaged under Vision 2030”.
Mombasa developer and host of Mombasa Homes Expo Mwenda Thuranira described it as “cheaper source of funds for real estate development by having investors who will be shareholders and not debtors”.
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