This archive report was first published on 29 October 2021.
On December 17, 2021, the Nairobi Securities Exchange (NSE) launched the Unquoted Securities Platform (USP), a market infrastructure that facilitates the trading, clearing, and settlement of securities of unquoted companies in Kenya.
Standard Investment Bank (SIB) has made history by successfully trading the largest purchase of Acorn Holdings' Income and Development Real Estate Investment Trust (REITs) on the USP, valued at Ksh154,727,000.
The transaction involved the purchase of 2,242,700 D-REIT units at Ksh20.18 each and 5,121,400 I-REIT units at Ksh20.62 each.
Acorn's I-REIT and D-REIT account for two out of three REITs currently listed in the NSE, and reported 1H2021 profits of Ksh141.3 million and Ksh266.9 million respectively.
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