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Brenda Mbathi, Chief Executive Officer of TRIFIC, speaks during the listing ceremony for the TRIFIC Green property fund at the Nairobi Securities Exchange in Nairobi, Kenya, June 29, 2026. [Brian Ngugi, Standard]
The TRIFIC Green USD I-REIT listed on the Nairobi Securities Exchange on Monday following a public offer that was 103.3 per cent subscribed, underscoring investor appetite for dollar-denominated, sustainable real estate assets in East Africa.
The trust raised $30.815 million (approximately Sh4 billion) against a target of $29.832 million (Sh3.9 billion), according to the issuer.
Including the promoter’s contribution of the TRIFIC North Tower, valued at $7.458 million (Sh1 billion), the REIT debuts with a market value of nearly $37.3 million (Sh5 billion).
