Investor boost as Two Rivers to buy exits from real estate fund

Two Rivers International Financial and Innovation Centre (Trific) and Nabo Capital have set up a Sh517.8 million liquidity fund to buy out investors seeking to exit the Sh4.8 billion dollar-denominated Income Real Estate Investment Trust (I-Reit). The fund acts as a market maker to mitigate illiquidity risks, according to Centum Investments CEO James Mworia, whose firm is Trific's parent. This is Kenya's second US dollar-denominated I-Reit, following Africa Logistics Properties' raise.