Nairobi, Dec. 10 -- Centum Investment Company expects to issue a dollar denominated income Real Estate Investment Trust (I-Reit) at its Two Rivers special economic zone in Nairobi in January 2026, handing the Kenyan market its first foreign currency denominated Reit.

The company is eyeing a Sh4.78 billion ($37 million) from the proposed I-Reit, which is pending regulatory approval, with the proceeds earmarked for construction of green commercial property in the Two Rivers International Finance and Innovation Centre (Trific).

Centum, which had stated its intention to float the dollar Reit at the beginning of this year, will be paying investors a dollar return of about 8percent.

Read:Centum plans dollar-based real estate income fund

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