ALP listed Kenya's first dollar-denominated Income Real Estate Investment Trust (I-Reit) in March after bringing in new investors through a restricted offer that raised $34 million (Sh4.4 billion).
ALP saved Sh228M transferring Sh5.8B warehouse portfolio into March 2026 REIT under Finance Act exemption. Validates REIT structures for infrastructure M&A in emerging markets—relevant for regional data center and cloud investment.
By
Charles Mwaniki
Business Reporter
Nation Media Group
Warehousing developer Africa Logistics Properties (ALP) has been spared a Sh228 million stamp duty charge after it moved its property into its recently listed real estate investment trust (Reit), riding on the provision of the Finance Act 2026, which exempted such transfers from the levy.
The Finance Bill 2026 proposes (through the new paragraph 76 of the First Schedule to the Income Tax Act) to exempt from CGT —…
The Two Rivers International Finance and Innovation Centre will use proceeds of offer to fund acquisition of Trific North Tower.
Investors in the fund stand to earn a quarterly interest payout from investments like renewable energy, agribusiness and…
Reits make it possible for institutions and retail investors to invest in commercial real estate and receive a consistent income…
The Treasury has proposed in the Finance Bill 2026 to exempt from capital gains tax any capital gains realised on the transfer of…
Kenya capital markets regulator CMA licensed 13 firms and schemes and 26 sub-funds, adding a Shariah-compliant REIT manager and…
