Real estate investment trust almost ready
02 August 2012, 15:34
Nairobi - The Capital Markets Authority (CMA) is in the final stages of finalizing regulation in its Real Estate Investment Trust (REITs) product which it hopes will help address the housing deficit in the country.
In a statement to Capital News, CMA Chairman Kung’u Gatabaki said he hopes the new product will be up and running by the end of the year to spur more housing development by empowering small investment groups to participate more actively in the property market.
Gatabaki added that the Authority will be looking to involve the county development and investment agencies in participating in the REITs as government devolves.
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