The Capital Markets Authority (CMA) of Kenya has granted a Mauritian firm a license to operate in Kenya. A press release on Tuesday, November 26, revealed that the Future Construkt Investment Managers Ltd, a subsidiary of Construkt Africa LLC (Mauritius), a strategy advisory and asset management firm, has been officially granted the coveted Real Estate Investment Trust (REIT) Manager License.
This milestone achievement paves the way for Future Construkt to mobilize institutional capital and implement its Kenya-focused real estate investment strategy. In addition, it will focus 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 Chief Executive Officer (CEO) of Construkt Africa and Executive Director of Future Construkt hailed 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.
Construkt Africa’s real estate strategy aligns with the vision for smart, green cities and modern, sustainable communities, delivering essential services and modern facilities that enhance infrastructure, connectivity, and the built environment.
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,” Kavuma remarked.
At the same time, he added that “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”.
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Future Construkt Africa Launches Teja Spaces
Construkt Africa recently launched Teja Spaces, its inaugural premier co-working office, located at Delta Riverside Office Park, a Grade-A commercial property on Nairobi’s prestigious Riverside Drive.
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Moreover, the Teja Spaces offer distinctive private offices, flexible workspaces, and premium amenities, including ergonomic furniture, high-speed internet, and art-inspired communal lounges.
Furthermore, 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.
Consequently, Teja Spaces fosters a vibrant ecosystem with top-tier business concierge services, providing an inspiring environment for innovation and productivity.
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Background of the Company
Construkt Africa LLC is a strategic advisory and asset management firm, with specialist real estate services, development management and asset management capability.
We are committed to delivering innovative, climate-conscious tailored products to institutional investors aimed at developing scalable, institutional-grade, sustainable investment platforms in Africa’s emerging alternative asset class while deepening the region’s capital markets.
While Future Construkt Investment Managers Ltd is a wholly owned subsidiary of Construkt Africa LLC, is a specialist Real Estate Investment Trust (REIT) manager, licensed by the Capital Markets Authority of Kenya.
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