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Fusion Real Estate Development REIT
Pesa Nane
#1 Posted : Thursday, June 23, 2016 12:49:49 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Find offering memorandum at wazua@googlegroups.com or

HERE - FRED Commercial Offer Memorandum
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#2 Posted : Thursday, June 23, 2016 1:05:46 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
THE PROMOTER
CONTACT INFORMATION FOR THE PROMOTER
Fusion Capital Limited,
ACK Garden House, Block A, 1st Ngong Avenue
P.O. Box 47538 - 00100 Nairobi,
Tel: +254 (020) 2710149/53/55
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#3 Posted : Thursday, June 23, 2016 1:09:41 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
DIRECTORS OF THE PROMOTER

Dr. Philip Goodwin - Executive Chairman, British

Luke Kinoti - Chief Executive, Kenyan

Susan Kagundu - Executive Director, Finance. Kenyan

Daniel Kamau - Executive Director, Real Estate. Kenyan

Constantine Malai; Non- Executive Director, Kenyan

Dr. James Mageria; Non- Executive Director, Kenyan

Kimathi Kamencu: Non- Executive Director, Kenyan

Nelly Mbugua: Non- Executive Director, Kenyan

Company Secretary - Livingstone Associates of P.O. Box 30029 - 00100, Nairobi
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#4 Posted : Thursday, June 23, 2016 1:14:12 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
THE REIT MANAGER
CONTACT INFORMATION FOR THE REIT MANAGER
Fusion Investment Management Limited
ACK Garden House, Block A, 1st Ngong Avenue
P.O. Box 47538 - 00100 Nairobi,
Tel: +254 (020) 2738460

DIRECTORS OF THE REIT MANAGER

John G. Msafari Chairman, Non-Executive
Kenyan

Dr. Philip Goodwin Executive Director British

Luke Kinoti Chief Executive Kenyan

Gladys Mboya Non-Executive
Director Kenyan

Charles Mbui Non-Executive Director, Kenyan

Company Secretary - Maonga Ndonye Associates of P.O. Box 73248 - 00100, Nairobi
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#5 Posted : Thursday, June 23, 2016 1:21:59 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
Lead Transaction Advisor - NIC Capital Limited

Legal Advisor - Mboya Wangong’u & Waiyaki Advocates

Reporting Accountant - Deloitte & Touche

Registrar - CDSC Registrars Limited

Structural Engineer - Multiscope Consulting Engineers Limited

Property Valuer - Ngotho Property Consultants Limited

Project Manager Certifier - Beeque Consultants Limited

Property Manager - Citiscape Valuers & Estate Agents Limited

Tax Consultant - Deloitte & Touche

Asset (SPV) Valuer - Burbridge Capital Limited

Lead Sponsoring Broker - African Alliance Kenya Investment Bank Limited

Receiving Bank - NIC Bank Kenya
Pesa Nane plans to be shilingi when he grows up.
Othelo
#6 Posted : Thursday, June 23, 2016 1:29:26 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
Pesa Nane wrote:
Quote:


Tac Consultant - Deloitte & Touche


What is that?
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Pesa Nane
#7 Posted : Thursday, June 23, 2016 1:30:28 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
The Offer
The REIT offers for subscription 100,000,000 units at a subscription price of KES 23.00 per unit. The Scheme will initially encompass Greenwood City - a mixed use development featuring a state of the art shopping mall, a modern office block and high-end two and three-bedroom apartments located in Meru, Kenya and which is further
described in Section 18. The Trust will be a closed ended fund. Furthermore the Trust, with existing Unit Holders’ approval, can issue additional units for further funding of the REIT’s activities. This would be to both existing and new investors. Such offer could result in dilution of existing Unit Holders who do not wish to exercise their right to acquire additional units.
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#8 Posted : Thursday, June 23, 2016 1:33:52 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Plimsoul
#9 Posted : Thursday, June 23, 2016 1:34:31 PM
Rank: Member

Joined: 3/3/2016
Posts: 132
Minimum permissible investment of KShs. 5 million

I wonder why
Plimsoul
#10 Posted : Thursday, June 23, 2016 1:39:07 PM
Rank: Member

Joined: 3/3/2016
Posts: 132
Ambitious! IRR of at least 20% p.a. Developer indeed

The REIT Manager shall invest in properties that meet the following criteria:
(a) Have expected returns on an IRR basis of at least 20% per annum on a gross basis (before fees); (b) Have individual project development cost of at least
KES 400 million;
(c) Fall in the Commercial Real Estate Developments
sector;
(d) Enhance sector and geographic diversication
within Kenya; or
(e) In the case of leasehold land, has at least 25 years left
on the lease
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