GenAfrica Targets Bigger Pension Returns with Takeover of The Cube
NAIROBI,Kenya,Dec 8— Pension schemes are set for expanded access to high-quality real estate assets following Batian Property Fund’s takeover of The Cube, Kenya breaking news | Kenya news today |..
✨ Key Highlights
GenAfrica Asset Managers, through its Batian Property Fund, has acquired The Cube, a commercial property on Riverside Drive, signaling a strategy to boost pension returns through high-quality real estate investments.
- The acquisition, approved by the Competition Authority in October, positions Batian Property Fund at the forefront of shifting pension investments towards institutional-grade real estate.
- Timothy Mulondo, CEO of Batian Property Fund, stated the move aims to strengthen the bridge between institutional capital and productive real estate, ensuring retirement security for Kenyan workers.
- This deal is part of GenAfrica's broader strategy to diversify into alternative asset classes, cushioning portfolios against market shocks, alongside new vehicles like the Milele Income Drawdown Fund.
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Credit Bank Seeks Sh4.5bn, NCBA Targets Creatives, and GenAfrica Acquires 'The Cube' Property - December 2025
Several financial and investment entities have announced significant capital and business initiatives. Credit Bank is seeking approval from its shareholders to raise up to Sh4.5 billion through a private placement to bolster its capital base and fund growth. In a move to support a different sector, NCBA Bank and HEVA Fund have partnered to launch bespoke credit products targeting Kenya’s creative economy. This partnership aims to address a long-standing gap in financial services for artists and creative enterprises. In the real estate sector, GenAfrica Asset Managers has acquired The Cube, a commercial property on Riverside Drive. The acquisition was made through its Batian Property Fund as part of a strategy to boost pension returns.
