Future Construkt Investment Managers Ltd, subsidiary of a Mauritius-based asset management firm, Future Construkt Africa LLC, has been granted the Real Estate Investment Trust (REIT) Manager License by the Capital Markets Authority (CMA) of Kenya to mobilize institutional capital and implement its Kenya-focused real estate investment strategy.
Future Construkt will center on the development of large-scale, green affordable housing schemes and sustainable asset management of institutional-grade commercial property portfolios, with investors standing to benefit from tax-efficient legislation governing REITs.
Paul Kavuma, Founder and CEO of Construkt Africa and Executive Director of Future Construkt said the approval as a pivotal milestone.
“As Africa’s economies continue to urbanize, with urbanization projected to grow 2.5 times by 2050, the demand for quality housing and business premises is becoming increasingly critical,” Kavuna said. “With Kenya’s improving macroeconomic environment—characterized by rising GDP, declining inflation, and falling interest rates—REITs offer a compelling avenue for inflation-hedged income generation and capital appreciation.”
Construkt Africa recently launched Teja Spaces, its first co-working office, located at Delta Riverside Office Park, a Grade-A commercial property on Nairobi’s Riverside Drive, offering private offices, flexible workspaces, and premium amenities, including ergonomic furniture, high-speed internet, and art-inspired communal lounges.
Mr Kavuma described Teja as a creative, serene, flexible work-life solution tailored for dynamic entrepreneurs, professionals and business travellers navigating the remote, hybrid work era. Teja Spaces fosters a vibrant ecosystem with top-tier business concierge services, providing an inspiring environment for innovation and productivity.
“Future Construkt is dedicated to providing sophisticated investors institutional-grade, professionally managed, CMA-regulated REITs as vehicles to capitalize on Kenya’s progressive affordable housing legislation and participate in the expected recovery of prime commercial real estate, particularly in vibrant urban centres, without the burden and complexity of direct property ownership or management,” he said.
