Looking back at ALN Kenya’s history, they have positioned themselves and their clients to make a lasting impact by helping them capitalise on the numerous sector opportunities while setting the standard in their industry. The firm continues to be a vital part of helping clients like Acorn Holdings to deliver high-quality purpose-built student accommodation while at the same time building and shaping the real estate industry.
Acorn’s Leading Role in Shaping Kenya’s Real Estate
ALN Kenya Acting for Acorn Holding, a leading real estate developer as the Issuer and Stanbic Bank Kenya and SBG Securities as the lead arrangers in connection with a USD 50 million MTN programme for several proposed purpose-built student housing by Acorn Holding.
The housing development delivered 11 purpose-built blocks in Nairobi that comply with the international green building and certification system, ICE EDGE, and provide 8,800 student beds over five years. The transaction won the Deal of the Year Award at GFC Media Group’s Bonds, Loans & Sukuk Africa Awards in 2020.
Acorn continues to establish itself as the premier developer, operator and asset manager of rental housing in Sub-Saharan Africa. They have been an established developer and manager of real estate for two decades and are currently the largest institutional investor in rental housing in East Africa. The real estate firm has delivered over 65 projects with 17,000 rental units under operation and development across the region.
Click here to learn more about ALN Kenya’s 70 years of growth and excellence.
