Centum’s dollar-denominated TRIFIC property fund has met its target of raising Sh3.86 billion ($29.83 million), unlocking funds for the construction of an environmentally friendly commercial property in the special economic zone.
The offer was slightly oversubscribed at 103.3 percent, underlining significant investor appetite for the income real estate investment trust.
Investor bids topped Sh3.99 billion ($30.81 million) against the subscription offer of Sh3.86 billion.
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