LAPTRUST has listed the first Income-Real Estate Investment Trust (I-REIT) issued by a pension fund at the Nairobi Securities Exchange (NSE)

The LAPTRUST Imara I-REIT has listed 346,231,413 units at KShs 20 each, valuing it at KSh6.9 billion, and will be a closed-ended fund listed on the restricted sub-segment of the main investment market segment of the NSE. The President of Kenya, Hon. Dr. William Samoei Ruto, believes that the listing of the first Real Estate Investment Trust (REIT) issued by a pension scheme signifies the evolution of Kenya's capital markets, and that the capital markets' ability to evolve sustainably is a critical pillar of the country's competitiveness and ability to finance development, create jobs, and alleviate poverty.

According to CPF Financial Services Group Managing Director Mr. Hosea Kili, the introduction of innovative asset instruments such as REITs allows pension funds to access the potential of property-backed investments.

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