ADVOKS GLOBAL · KENYA
The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations
10. Objectives of a D-REIT
Edition: 2023-10-06 · In force
10. Objectives of a D-REIT
The objectives of a D-REIT and the powers of the trustee of a D-REIT, as specified in the trust deed, shall be limited to—(a)the acquisition of eligible real estate, investment in eligible investments and the undertaking of real estate development and construction projects including—(i)housing projects involving–(A)the provision of buy to let housing;(B)tenant purchase schemes and arrangements;(C)development of to let housing for sale;(D)development of to hold and let housing;(E)development of for sale housing; or(F)any combination of subparagraphs (A) to (E) or any other form of provision of shelter, housing or accommodation;(ii)commercial and other real estate related development and construction projects;(b)marketing and sale of real estate;(c)retention and management of the real estate assets of the trust with the objective of earning income from the assets;(d)the undertaking of incidental or connected activities and activities related to the assets of the trust; and(e)such other activities as may be specified under these Regulations.