CMA proposes sweeping REIT reforms to attract retail investors and unlock more property development financing
- CMA proposes to reduce the minimum investment for REITs from KSh5 million to KSh100,000.
- The reduction aims to widen participation in property investment and deepen Kenya's capital markets.
- CMA plans to lower the minimum public ownership requirement of REITs from 25% to 15%.
The proposed changes by the CMA represent a significant step towards making real estate investment more accessible in Kenya. By lowering the barriers to entry and allowing greater flexibility for institutional investors, the CMA is likely to stimulate growth in the REIT market. However, it will be crucial to monitor how these changes impact market liquidity and investor behavior in the long term.
