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Originally published by Capital Business
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business
June 29, 2026
4h ago

Centum’s dollar-denominated TRIFIC property fund lists on NSE

Centum’s dollar-denominated TRIFIC property fund lists on NSE

The REIT is backed by the TRIFIC North Tower, a green-certified commercial office development located within the Two Rivers International Finance and Innovation Centre Special Economic Zone...

✨ Key Highlights

Centum's TRIFIC Green USD Income Real Estate Investment Trust (I-REIT) has successfully listed on the Nairobi Securities Exchange (NSE), marking Kenya's first US dollar-denominated green income REIT.

  • The initial public offer raised $30.8 million, exceeding its target.
  • Key organization involved: Centum, with KCB Investment Bank as the transaction advisor.
  • The REIT is backed by the green-certified TRIFIC North Tower and targets an annual net dividend yield of 8 percent.

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Kenya's first dollar-denominated green property fund, TRIFIC Green USD I-REIT, has been oversubscribed by 3%, attracting significant investor interest amid a weakening shilling and the search for hard-currency returns.

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