invest-in-property

3 Tips To Consider When Investing In Property

Everyone everywhere is always looking for the best place to invest their money. So why not Real Estate? There are houses everywhere and people will always need somewhere to live either by themselves or with their family. So if you’re…

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STANLIB TAKES OVER 3 BUILDINGS AFTER REIT SALE

FUND manager Stanlib raised cash to buy the three buildings it targeted from the sale of the country’s first investment Real Estate Investment Trusts between October 22 and November 18. Stanlib’s Fahari I-REIT put on sale 625 million units priced…

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Uchumi To Evaluate Property Sale Offers

UCHUMI Supermarket’s board meets tomorrow to evaluate bids for the sale of two of its prime commercial properties in Nairobi, chief executive Julius Kipng’etich said yesterday. This follows conclusion of a tender floated last month which closed on October 30….

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reit

KRA Exempts Stanlib REIT Investors From Tax

Investors in the STANLIB Fahari I-REIT, which is currently on sale through an initial public offering (IPO), will not have to pay tax on their earnings. This follows a declaration by the Kenya Revenue Authority (KRA). According to a letter…

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REAL ESTATE SECTOR TAXES POST MIXED PERFOMANCE

The Kenya Revenue Authority posted mixed fortunes in tax collections from the real estate sector in the first four months of this financial year from July. It surpassed the Sh150 million target in land rent by 34.67 per cent or…

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konza

Agency sets Sh250m minimum capital for Konza city investors

Investors eyeing space at Konza Techno City will be required to raise between Sh250 million and Sh2.6 billion for various projects earmarked for phase one, a document from Konza Technopolis Development Authority (KoTDA) indicates. The agency says investors will need…

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