REAL ESTATE

Future Construkt Secures CMA License for REIT Management in Kenya

This paves the way for affordable housing developments and diversified commercial real estate investment opportunities

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Paul Kavuma - Chief Executive Officer Future Construkt
Mr Paul Kavuma, founder and CEO of Construkt Africa and Executive Director of Future Construkt, describes the approval as a milestone.
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Future Construkt Investment Managers Ltd, a subsidiary of Construkt Africa LLC (Mauritius), a strategy advisory and asset management firm, has been officially granted the Real Estate Investment Trust (REIT) Manager License by the Capital Markets Authority (CMA) of Kenya.

This paves the way for Future Construkt to mobilise institutional capital and implement its Kenya-focused real estate investment strategy, centering on the development of large-scale, green affordable housing schemes and sustainable asset management of institutional-grade commercial property portfolios, with investors standing to benefit from tax-efficient legislation governing REITs.

Mr Paul Kavuma, founder and CEO of Construkt Africa and Executive Director of Future Construkt, hailed the approval as a milestone. “As Africa’s economies continue to urbanize, with urbanization projected to grow 2.5 times by 2050, the demand for quality housing and business premises is becoming increasingly critical. Construkt Africa’s real estate strategy aligns with the vision for smart, green cities and modern, sustainable communities, delivering essential services and modern facilities that enhance infrastructure, connectivity, and the built environment,” said Mr Kavuma.

He said Kenya’s improving macroeconomic environment — characterised by rising GDP, declining inflation, and falling interest rates — REITs offer a compelling avenue for inflation-hedged income generation and capital appreciation.

“Future Construkt is dedicated to providing sophisticated investors institutional-grade, professionally managed, CMA-regulated REITs as vehicles to capitalize on Kenya’s progressive affordable housing legislation and participate in the expected recovery of prime commercial real estate, particularly in vibrant urban centres, without the burden and complexity of direct property ownership or management,” he said.

Construkt Africa recently launched Teja Spaces, its inaugural premier co-working office, located at Delta Riverside Office Park, a Grade-A commercial property on Nairobi’s prestigious Riverside Drive, offering distinctive private offices, flexible workspaces, and premium amenities, including ergonomic furniture, high-speed internet, and art-inspired communal lounges.

Mr Kavuma described Teja as a creative, serene, flexible work-life solution tailored for dynamic entrepreneurs, professionals and business travellers navigating the remote, hybrid work era. Teja Spaces fosters a vibrant ecosystem with top-tier business concierge services, providing an inspiring environment for innovation and productivity.

> REITS: The Most Lucrative Way to Invest in Real Estate

Written by
BT Reporter

editor [at] businesstoday.co.ke

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