TRIFIC opens Sh5 billion green dollar REIT

Two Rivers International Finance and Innovation Centre has launched a Sh4.8 billion green, dollar-denominated Income REIT.

Thw REIT seeks to finance sustainable commercial office developments within its Nairobi Special Economic Zone.

The offer targets retail and institutional investors seeking stable US dollar returns from Kenya’s growing business process outsourcing (BPO) and global services sector.

The TRIFIC I-REIT will finance acquisition of the TRIFIC North Tower and support development of additional green-certified office towers within the zone.

According to TRIFIC CEO Brenda Mbathi, the investment product, which opened on May 13 and closes on June 12, is among Kenya’s first green, income-distributing REITs denominated in US dollars.

“This offer is open to both institutional and retail investors,” Mbathi stated, adding that investors will earn from export revenues generated by multinational firms operating within the zone.

The North Tower, which offers over 16,000 square metres of office space, is already 92 per cent leased to global tech companies, BPO operators and professional services firms.

TRIFIC says tenants operate on long-term dollar-based leases with annual escalations, helping create predictable income streams for investors.

The REIT will list on the Nairobi Securities Exchange (NSE) on June 23, 2026 with minimum investment set at Sh129,000 ($1,000).

KCB Investment Bank is acting as transaction advisor and lead placing agent for the lucrative offer.

“This offer is within reach of most investors seeking a stake in Kenya’s real estate sector,” said the KCB Investment Bank Managing Director Maurice Opiyo.

Also present at the launch were the Centum Investment Company Group CEO James Mworia, TRIFIC CEO Brenda Mbathi, and NCBA Bank Kenya Managing Director James Gossip.

Gossip led the NCBA team comprising Director Transactional Banking Sally Chege, Head Custodial Business Eva Bore Mwangi, Head Trustee Services Eden Kaberere along its Legal Services team at the signing ceremony.

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NCBA is the Receiving Bank and REIT Trustee in the transaction ahead of its planned NSE listing as it also showcases its Trustee Services offering.

During the event it was revealed that proceeds of the I-REIT will be invested exclusively into green-certified commercial towers built to international sustainability standards.

TRIFIC currently occupies 64 acres within the 106-acre Two Rivers Development and has operated under its SEZ licence since June 2023.

It is designated as a Project of Strategic National Importance (PSNI) and is fully aligned with

Kenya’s Vision 2030 Agenda.

The project has been launched as Kenya positions itself as a regional hub for global services exports, digital outsourcing and green commercial developments under its Vision 2030.