• About
  • Advertise
  • Privacy & Policy
  • Contact
Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.
Advertisement
  • Home
  • About Us
  • News
  • Business
  • Fintech
  • Real Estate
  • Hospitality
  • Contact Us
  • KCB Diaspora Agent
No Result
View All Result
  • Home
  • About Us
  • News
  • Business
  • Fintech
  • Real Estate
  • Hospitality
  • Contact Us
  • KCB Diaspora Agent
No Result
View All Result
Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.
No Result
View All Result
Home News

CMA Licenses Cytonn Asset Managers to Operate as REIT Managers

Jacquiline by Jacquiline
15th February 2019
in News
0
CMA Licenses Cytonn Asset Managers to Operate as REIT Managers
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Capital Markets Authority (CMA) granted Cytonn Asset Managers Limited (CAML)a license to work as Real Estate Investment Trust (REIT) Managers.

The endorsement makes it the ninth Kenyan Fund Manager to be authorized for operations as REIT Manager by CMA.

REITs are companies that allows investors to pool their money to invest in a collection of properties or other real estate assets.

This comes shortly after having been recently awarded a license to manage retirement benefit schemes funds by the Retirement Benefits Authority (RBA) in December 2018.

The new regulated investment vehicle will now be able to register their own REIT products, that entail Development REIT’s and Income REIT’s, permitting them to access a pool of investor capital that wishes to take specific real estate exposure.

While receiving the REIT Manager License, Mr. Maurice Oduor, Principal Officer, Cytonn Asset Managers, emphasized that Kenya’s real estate market has seen exponential growth over the years, and consistently delivered attractive returns to investors.

“However, a key challenge facing the real estate sector is access to financing, away from the traditional sources of funding which include bank funding. Financing structures such as REIT’s and real estate backed funds such as high yield fund, offer a capital markets-based solution to raising funds towards real estate development, and also a chance for eligible investors to invest and gain attractive yields, capital appreciation and above-average total returns”, Mr Oduor elaborated.

Mr. Edwin Dande, Chief Executive Officer, Cytonn Investments observed that the move is an important milestone for CAML because it allows them to bring investment grade real estate offerings to a wider pull of clients through regulated capital markets vehicles.

“This will be the first real estate backed high yield fund in the market and it demonstrates that our capital markets are open to innovation.” he stated.

SOURCE: https://khusoko.com/cytonn-asset-managers-awarded-licence-to-operate-as-a-reits-manager/

Image Source: Cytonn’s FB

PLOTS AND HOUSES FOR SALE
Kenya2U has Great Property Deals Just for You!
• Intercity Gardens in Kitengela@ Ksh1.895M
• Tinga Springs in Kajiado @ Ksh99,000
• Ruaka Ridge homes in Ruaka @ Ksh7.1M
• Grey Oak property in Nanyuki @ Ksh350,000
• Grey Oak property in Athi River @ Ksh450,000
• Blue Bells Apartment along Beijing Road @Ksh7.4M
• inFinity Properties in Kantafu @Ksh 625,000
Call 0742343908 to Book yours Now!

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to print (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Skype (Opens in new window)

Like this:

Like Loading...

Related

Previous Post

Property Owners to Pay Rental Tax , KRA

Next Post

The Lean Canvas, What Every Startup Business Needs to know

Jacquiline

Jacquiline

Next Post

The Lean Canvas, What Every Startup Business Needs to know

  • Trending
  • Comments
  • Latest
Chilli Farming in Kenya, The Untapped Venture

Chilli Farming in Kenya, The Untapped Venture

20th August 2020
kenya2uhub.com

List of Chinese Construction Companies in Africa

5th February 2021
One Bedroom Unit to Cost Sh1 million Under New Affordable Housing

One Bedroom Unit to Cost Sh1 million Under New Affordable Housing

15th March 2019
Raspberry Farming in Kenya: the sign of sucess

Raspberry Farming in Kenya: the sign of sucess

14th February 2022
Kenyans in UAE Diaspora to Benefit from EXPO 2020 Dubai

Kenyans in UAE Diaspora to Benefit from EXPO 2020 Dubai

3

Aljazera interview with Uhuru – Tuesday 22nd

0

Tazama

0

Mlevi Kenyan Style

0
Influencer marketing in Kenya. Image is a collage of camera, tablet with a social feed showing on screen and other pieces used for digital content creation.

Why You Should Be Considering The Use Of Influencers In Your Business – Let’s Talk Digital.

17th June 2022
Which do you prefer? Gated Community Home or Independent Home

Which do you prefer? Gated Community Home or Independent Home

8th April 2022
Greenhouse Farming in Kenya

Greenhouse Farming in Kenya

6th April 2022
Passion Fruit  Farming in Kenya

Passion Fruit Farming in Kenya

2nd April 2022

Recent News

Influencer marketing in Kenya. Image is a collage of camera, tablet with a social feed showing on screen and other pieces used for digital content creation.

Why You Should Be Considering The Use Of Influencers In Your Business – Let’s Talk Digital.

17th June 2022
Which do you prefer? Gated Community Home or Independent Home

Which do you prefer? Gated Community Home or Independent Home

8th April 2022
Greenhouse Farming in Kenya

Greenhouse Farming in Kenya

6th April 2022
Passion Fruit  Farming in Kenya

Passion Fruit Farming in Kenya

2nd April 2022
Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.

Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.

Follow Us

Browse by Category

  • Business
  • Fintech
  • Hospitality
  • KCB DIASPORA AGENT
  • News
  • News
  • Real Estate

Recent News

Influencer marketing in Kenya. Image is a collage of camera, tablet with a social feed showing on screen and other pieces used for digital content creation.

Why You Should Be Considering The Use Of Influencers In Your Business – Let’s Talk Digital.

17th June 2022
Which do you prefer? Gated Community Home or Independent Home

Which do you prefer? Gated Community Home or Independent Home

8th April 2022
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© Copyright 2022 Kenya2uhub.com Powered by Domains Africa Technologies

No Result
View All Result
  • Home
  • About Us
  • News
  • Business
  • Fintech
  • Real Estate
  • Hospitality
  • Contact Us
  • KCB Diaspora Agent
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Loading Comments...
 

    %d bloggers like this: