News
The ALP REIT will issue up to 45,000,000 units each comprising of up to 15,000,000 units at an offer price of $1 issued to ALPH in exchange for property transfer into the REIT and a Restricted Offer of up to 30,000,000 units at an offer price of $1 per unit with a green shoe option of up to 30% of the Restricted Offer (equivalent to 9 million units). ALPH as Promoter will maintain a minimum unitholding of 20%.
This marks a landmark moment for the market:
• East Africa’s first Industrial Income REIT
• The first USD-denominated REIT to list on the Nairobi Securities Exchange
• An income-focused structure targeting stable, dollar-based returns
• Admitted to the NSE Sustainable Finance Centre of Excellence as a green issuance
Lessons, frameworks, and honest takes on what it actually takes to grow.
