Acquisition completed
On 29 May 2018, STANLIB Fahari I-REIT successfully completed the acquisition (through an SPV structure) of a Grade A, 3 storey office building situated in Lavington, Nairobi. The property has now been on-boarded to the existing portfolio.

The acquisition has contributed positively to the sectoral diversification of the portfolio increasing exposure to the office and semi-industrial sector from 12% to 34%. Similarly, exposure to the Lavington node has enhanced the portfolio’s geographical diversification. Total fund asset allocation has also improved; investment property now accounts for 91%
of assets under management and 92% of net asset value which is above the Regulatory minimum threshold of 75%.