Private investors to get a piece of property pie
05 January 2012, 14:02
Nairobi - Daily Nation reports that once the porposals to list real estate companies at the Nairobi Securities Exchange is confirmed in a few weeks, the property sector shall experience a major shake-up.
The move is coming at a time when the housing sector is experiencing exponential growth, which would put a lot of money in the hands of developers through Initial Public Offers, which would then translate into high-end housing units and a stable operating environment.
However, Capital Markets Authority chief executive officer Stella Kilonzo says that regulations guiding the operation of Real Estate Investment Trusts (Reits) will first have to go through a public review before they are enacted.
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