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Originally published by The Standard Business
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November 19, 2025
6h ago

Acorn eyes Nairobi's young workers with new Sh2.2b housing project

Acorn eyes Nairobi's young workers with new Sh2.2b housing project

Acorn Holdings Ltd has received regulatory approval from the Capital Markets Authority (CMA) to roll out a new build-to-rent development Real Estate Investment Trust (D-Reit)...

✨ Key Highlights

Acorn Holdings Ltd has received approval from the Capital Markets Authority (CMA) to launch a new Sh2.2 billion Build-to-Rent Development Real Estate Investment Trust (D-Reit) aimed at providing affordable rental housing for young urban professionals in Nairobi.

  • Acorn Holdings Ltd, through its new ABTR D-Reit, will develop housing projects near major employment centers like Nairobi's CBD and Westlands to reduce commuting for young workers aged 20 to 30.
  • The Sh2.2 billion in equity financing has been committed by three institutional partners: The Private Infrastructure Development Group (PIDG) provided Sh1.3 billion, Shelter Afrique Development Bank contributed Sh258 million, and Acorn Holdings Ltd added Sh645 million.
  • Edward Kirathe, CEO of Acorn Holdings Ltd, stated that the CMA approval is a pivotal moment for modern rental housing in Nairobi and other African cities, with developments mirroring the quality of their Qwetu and Qejani student housing brands.

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