@Olimsoul
Small fish like wewe hapana takikana.They want big and serious investors.
Wewe ni kama liability on the books

Must be nice. Sell your own property at a nice price to the fund, manage the fund and make money. Participate in any upside.

28.2 Fees, Costs and Expenses Payable by the Trustee
There will be running expenses and other costs associated
with FRED - COMMERCIAL going forward as outlined
below:
(a) Development fee payable to the Promoter being 2.00%
of the value of the Properties on completion and sale of the development, at the point of sale;
(b) Annual Asset management fee, payable to Fusion
Investment Management Limited as the REIT Manager
being 2.00% of the Net Asset Value of FRED - COMMERCIAL; and (c) Annual Trustee fees of 0.5% of the Net Asset Value Management of FRED - COMMERCIAl as dened
in the Trust Deed

Fusion Capital D-REIT seeks to extend its selling window to accommodate more investors

…issue to be listed on 15th August, 2016

NAIROBI, July 16, 2016…

FRED Commercial has pushed the application deadline for the recently launched Fusion Capital D-REIT shares to July 26, 2016.

The extension, which has been approved by the Capital Markets Authority, will give more time to investors to invest in Africa’s first D-REIT.

While making the announcement, Fusion Capital Group CEO, Luke Kinoti said: “As the pioneers of the D-REIT model on the continent, investors have requested for some additional time to pool resources and prepare their applications accordingly. As a matter of fact, we have had several meetings to enable fund managers to dissect and fully comprehend this unique investment instrument”.

The Fusion Capital D-REIT, which was approved by the CMA on 29th February this year, is viewed as a medium to long term asset for investors as well as an appropriate vehicle for claiming a stake in the lucrative real estate sector.

The listing date for the Sh2.3 billion Fusion Capital D-REIT offer, which opened up three weeks ago with 100 million units going on sale at Sh23 will be on August 15, 2016. Cash raised through the offer will be used to develop Greenwood City, an upscale, high potential development in Meru County which comprises a shopping mall, an upscale office block and residential apartments.

The Fusion DREIT has further received approval from the Retirement Benefits Authority (RBA) for the REIT to be classified under category 5 of the Retirement Benefits Investment Guidelines. This is essentially the same asset class as ordinary and preference shares of companies quoted in Kenya, Uganda, Tanzania and collective schemes incorporated in Kenya. This opens up a great opportunity to pension funds to invest a bigger portion of their funds to this new asset class.

A D-REIT is a tax-efficient, listed collective investment instrument that allows investors to pull capital to develop large scale real estate properties. Investors will benefit from capital appreciation during the construction period. Fusion DREIT received KRA exemption, which means dividend and interest payable to FRED-Commercial is tax exempt. In case of unit trusts, withholding tax will be applicable on dividend and interest in respect of unit holders who are not tax exempt under any provisions of the income tax act.

The units in the REIT are traded on the NSE under the recently launched Restricted Main Investment Market segment. Investors can realize gains through sale of units on the secondary market or REIT distributions following the sale of an asset.