Future Construkt Investment Managers Ltd, a subsidiary of Construkt Africa LLC (Mauritius), a strategy advisory and asset management firm, has been officially granted the Real Estate Investment Trust (REIT) Manager License by the Capital Markets Authority (CMA) of Kenya.
This paves the way for Future Construkt to mobilise institutional capital and implement its Kenya-focused real estate investment strategy, centering on the development of large-scale, green affordable housing schemes and sustainable asset management of institutional-grade commercial property portfolios, with investors standing to benefit from tax-efficient legislation governing REITs.
Mr Paul Kavuma, founder and CEO of Construkt Africa and Executive Director of Future Construkt, hailed the approval as a milestone. “As Africa’s economies continue to urbanize, with urbanization projected to grow 2.5 times by 2050, the demand for quality housing and business premises is becoming increasingly critical. Construkt Africa’s real estate strategy aligns with the vision for smart, green cities and modern, sustainable communities, delivering essential services and modern facilities that enhance infrastructure, connectivity, and the built environment,” said Mr Kavuma.
