Future Construkt Investment Managers Ltd, a subsidiary of Construkt Africa LLC (Mauritius), has officially been granted the prestigious Real Estate Investment Trust (REIT) Manager License by Kenya’s Capital Markets Authority (CMA).
This significant accomplishment positions Future Construkt to attract institutional capital and execute its Kenya-centric real estate strategy.
The firm will focus on developing large-scale, eco-friendly affordable housing projects and managing sustainable, institutional-grade commercial property portfolios. Investors will benefit from tax-efficient laws that govern REITs in Kenya.
Paul Kavuma, Founder and Chief Executive Officer (CEO) of Construkt Africa and Executive Director of Future Construkt, lauded the CMA’s approval as a transformative step forward.
“As Africa’s urbanization rate is set to grow 2.5 times by 2050, the need for quality housing and business infrastructure is increasingly urgent. Construkt Africa’s real estate approach supports the creation of smart, sustainable cities and modern communities that provide essential services, advanced facilities, and enhanced connectivity. With Kenya’s improving macroeconomic indicators—including rising GDP, lower inflation, and reduced interest rates—REITs present a robust option for inflation-protected income generation and capital growth,” Kavuma stated.
He further emphasized: “Future Construkt is committed to offering sophisticated investors professionally managed, CMA-regulated REITs that provide access to Kenya’s progressive affordable housing framework and the anticipated resurgence in prime commercial real estate in urban centers. This approach eliminates the complexities of direct property ownership and management.”
Construkt Africa recently introduced Teja Spaces, its flagship co-working office located at Delta Riverside Office Park, a Grade-A commercial property on Nairobi’s Riverside Drive.
The space features unique private offices, flexible work areas, and top-tier amenities, including ergonomic furniture, high-speed internet, and art-inspired communal lounges.
Kavuma described Teja Spaces as a tranquil, adaptable work-life solution designed for forward-thinking entrepreneurs, professionals, and business travelers operating in the remote and hybrid work era.
The space promotes a vibrant ecosystem, offering premium business concierge services in an inspiring setting that fosters creativity, innovation, and productivity.
