Kenya’s Capital markets Authority (CMA) is in the process of setting up a body to oversee the operations of the Real Estate Investment Trusts (REITs) as part of measures to reinvigorate investments in the real estate sector through the Nairobi Securities Exchange (NSE).
The financial markets regulator says it has made significant progress in the setting of up of the Kenya National Reit (KNR), in collaboration with the Nairobi Securities Exchange (NSE), the Association of Pension Trustees and Administrators in Kenya (Aptak) and the state-run real estate investment vehicle dubbed Sanduku.
