The REIT currently holds 3 properties: Greenspan Mall, a shopping centre in Donholm with a Gross Lettable Area (GLA) of 16,122 SQM that is approximately 90.0% let, Signature International Limited, a semi-office and light industrial building in Industrial Area with a GLA of 710 SQM that is 100.0% let with a single tenant and Bay Holdings Ltd, an office property also in Industrial Area with a GLA of 3,092 SQM and that is also 100.0% let with 3 tenants. The REIT registered a 61.0% growth in earnings per unit to Kshs 0.95 per unit from Kshs 0.59 per unit in FY’2016 attributed to a significant reduction in fund-management costs and increased rental income.
