the shopping experience at Greenspan Mall.
In attendance at the ribbon-cutting ceremony were ILAM Fahari IREIT CEO Raphael Mwito and ICEA LION Asset Management CEO Einstein Kihanda.
ILAM Fahari REIT unit is proud to announce the newest addition to our diverse tenant portfolio at Greenspan Mall, the renowned retailer, China Square!
We look forward to fostering continued growth and collaboration with all our stakeholders as we elevate -
We are excited to present the panel that will lead us in an interactive Q&A discussion: "Navigating the REIT Landscape, Insights from Industry Experts”.
This session will focus on critical topics such as market growth, investment strategies and the evolving landscape of real estate investment trusts. This session will encourage live interactive questions from the audience, creating an engaging and relevant conversation between the attendees and the panelists.
Moderator: Ruth Okal RV MISK REA
Assistant General Manager, ILAM Fahari I-REIT, @ICEALION Asset Management Ltd.
Ruth is a seasoned investment professional with over 20 years of experience in the East African real estate and asset management sector. She has been instrumental in pioneering landmark transformations, such as restructuring East Africa’s first listed I-REIT. Her background in portfolio construction, asset allocation, and industry leadership brings invaluable insights to this discussion on the evolving REIT landscape. Known for her commitment to growth and policy development, Ruth will guide the conversation, drawing on her extensive experience as a leader in property management and regulatory compliance.
Panelists:
1. Andrew Brooking
Founder & Director, Java Capital
Andrew Brooking, co-founder of Java Capital in South Africa, is a prominent advisor with over two decades of experience in the real estate sector. Andrew has played a pivotal role in shaping South Africa’s REIT legislation and has led the company through multiple REIT listings, IPOs, and substantial equity raises. With expertise in mergers, acquisitions, and capital structures, Andrew brings a wealth of knowledge on navigating REIT opportunities and challenges within complex capital markets.
2. Peter Waiyaki
Partner, Mboya, MboyaWangong'u & Waiyaki, Advocates
As a highly regarded commercial and corporate lawyer with over two decades of experience, Peter Waiyaki specializes in REITs, M&A, and capital markets transactions. Peter has been instrumental in establishing and listing REITs, including Kenya’s first, Stanlib Fahari I-REIT. His clients range from banks to investment banks, fund managers, and real estate developers, making him an authoritative voice on REITs regulation, legal structuring, and governance.
From regulatory insights and investment structuring to the future trajectory of REITs in Africa, get ready for an in-depth discussion on navigating today’s real estate landscape- See you at the Q&A!
#RAKConference2024 #RealEstate #REIT #AfricaMarkets
✅Additionally, @ILAMReit was successfully admitted onto the Unquoted Securities Platform (USP) of the @NSE_PLC . @ICEALION
The REIT was initially established to own and manage income-generating real estate, all for the collective benefit of its investors. Listing on the USP is a strategic move by the fund manager to improve the value of the REIT. >>
Recapping an exciting milestone for ILAM Fahari Real Estate Investment Trust, which was officially listed on the Unquoted Securities Platform (USP) of the Nairobi Securities Exchange (NSE), paving the way for growth.
To learn more, visit https://t.co/D1qSoWoAyc
4⃣@ILAMReit was successfully listed onto the Unquoted Securities Platform (USP) of the @NSE_PLC.
ILAM Fahari I-REIT was the first listed and regulated REIT in Kenya. It was established to own and manage income-generating real estate, all for the collective benefit of its investors. @ICEALION
We are committed to growing the real estate market, providing liquidity, broadening investor participation, and leveraging innovative financial instruments to deepen Kenya’s capital markets.#ILAMUSPListing
ILAM Fahari I-REIT is the first REIT in Kenya to convert its status from unrestricted to restricted REIT, to undertake a successful redemption process under REIT Regulations, and to transition from MIMS to the USP.
Yesterday @ILAMReit and the @NSE_PLC celebrated the lauch of the ILAM Fahari I-REIT to the Unquoted Securities Platform.
We commend ILAM for this accomplishment, a true testament to their endeavours in shaping the future of real estate investment in the region.
#ILAMUSPLISTING
@ILAMreit has today launched in the @nse_plc USP market. What does this mean for the investors? What's the state of REITs in Kenya? This and more tonight on the @thetradingbell with the CEO Raphael Mwito @chegemaina
ILAM Fahari I-Reit is back! @ILAMReit
After a strategic overhaul, the property fund now trades on the NSE's Unquoted Securities Platform.
https://t.co/zz8VXwT66H
The moment has arrived! We proudly ring the bell to mark the listing of ILAM Fahari I-REIT on the Nairobi Securities Exchange's Unquoted Securities Platform. This historic achievement sets the stage for a new era of growth and innovation. #ILAMUSPListing
Today, the @ILAMReit has successfully been admitted onto the Unquoted Securities Platform of the @NSE_PLC .
Speaking during the admission ceremony, the @NSE_PLC Chief Executive Officer @frank_mwiti noted that the admission marks a new journey for the @ILAMReit and the unit holders and a demonstration of the commitment by the leadership of the REIT to position the REIT for future growth and development.
@CMAKenya
"Today, ILAM Fahari is the first REIT in Kenya to convert its status from unrestricted to restricted, to undertake a redemption process under REIT Regulations, and to transition from MIMS to the USP. " Cynthia Mbaru, Director, Dyer&Blair Investment Bank.
#ILAMUSPListing
"The USP plays a crucial role in our capital markets ecosystem by providing a gateway for innovative financial instruments. It promotes inclusivity, allowing a diverse range of issuers to access capital and enabling investors to participate in emerging sectors of our economy."
This achievement not only enhances your visibility and credibility but also expands the range of investment opportunities available to Kenyan and international investors alike.” Wyckliffe Shamiah, CEO, Capital Markets Authority.
##ILAMUSPListing