Acorn Gets CMA nod for Sh2.2bn Build-to-Rent REIT

NAIROBI, Kenya, Nov 17 - Acorn Holdings has secured approval from the Capital Markets Authority (CMA) to establish a Build-To-Rent Development Real Estate Kenya breaking news | Kenya news today |..

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Acorn Holdings has received approval from the Capital Markets Authority (CMA) to launch a Sh2.2 billion Build-To-Rent Development Real Estate Investment Trust (D-REIT). This initiative aims to address the shortage of affordable rental housing for young professionals aged 20 to 30 in Nairobi.

The Acorn Build-To-Rent D-REIT (ABTR D-REIT) has secured USD 17 million (Sh2.2 billion) in initial capital commitments.
The Private Infrastructure Development Group (PIDG) is the lead investor with USD 10 million (Sh1.3 billion) through its InfraCo unit.
The project will develop purpose-built rental units adhering to IFC EDGE green-building standards, located near major employment hubs.
Acorn CEO Edward Kirathe stated this marks a significant milestone in providing rental housing solutions for Urban Africa.

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Financing Deals Totaling Sh1.2B, Sh2.2B, and $400M Announced for Energy, Education, and Real Estate - November 2025

Mauritius Commercial Bank (MCB) has successfully arranged and closed a $400 million syndicated facility for Sea World Energy Holdings Limited, the affiliate consolidating Karpowership Group's operations across Africa. In Kenya, MyCredit Limited and Enkisoma Africa Limited have signed a KES 1.2 billion Memorandum of Understanding to finance and accelerate digital transformation in private schools. This partnership aims to overcome the high upfront costs of adopting digital tools. Additionally, Acorn Holdings has received approval from the Capital Markets Authority (CMA) to launch a Sh2.2 billion Build-To-Rent Development Real Estate Investment Trust (D-REIT). This initiative is intended to address the shortage of affordable rental housing for young professionals in Nairobi.

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