TRIFIC Opens Public Investment Offer Linked to Two Rivers Project

A new real estate investment trust linked to the Two Rivers development in Nairobi has been opened to the public, giving investors a chance to buy into the project.

In a notice dated Wednesday, May 13, 2026, the investment vehicle, known as the TRIFIC Green USD Income Real Estate Investment Trust (I-REIT), was approved by the Capital Markets Authority (CMA) and will be listed on the Nairobi Securities Exchange (NSE).

The offer officially opened on Wednesday, May 13, 2026, and will close on June 12, 2026.

The REIT is being promoted by Two Rivers Land Company (SEZ) Limited, the company behind the Two Rivers International Finance and Innovation Centre (TRIFIC) Special Economic Zone project.

Investors to Buy Units at USD 1 Each

Under the public offer, investors will be able to buy units for USD 1 each.

The company plans to issue up to 37.29 million units. Out of these, 29.83 million units are being offered to the public, while 7.45 million units will go to the promoter in exchange for property transferred into the REIT.

According to the announcement, the minimum investment amount has been set at USD 1,000.

The offer is unrestricted, meaning both institutional investors and retail investors can participate.

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Main Asset is TRIFIC North Tower

The main property under the REIT is the TRIFIC North Tower located within the Two Rivers Lifestyle Centre in Nairobi.

The building measures more than 16,000 square metres and sits on land leased for 99 years.

The property has been valued at about USD 35.9 million (Ksh 4,638,280,000).

Funds raised from the offer will mainly be used to acquire the building.

The REIT has also received approval from the Nairobi Securities Exchange to list on the Main Investment Market Segment.

Trading of the units is expected to begin on June 23, 2026.

Other key dates include the allotment of units on June 15 and the announcement of results on June 16.

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Nabo Capital to Manage the REIT

Nabo Capital Limited will act as the REIT manager, while NCBA Bank Kenya PLC will serve as trustee and receiving bank.

Other firms involved in the transaction include KCB Investment Bank Limited as transaction advisor and lead placing agent, PWC Kenya as auditor, and KN Law LLP as legal advisor.

The prospectus containing full details of the offer became available on May 13 through the official Triffic’s website (https://trific.co.ke/).

The CMA said its approval should not be taken as a guarantee of the investment’s performance, while the NSE also noted that listing does not mean the investment is risk-free.

“The NSE assumes no responsibility for the correctness of any of the statements made or opinions or reports expressed in this public announcement or the Prospectus to be issued by the Promoter. Admission to the official list of the NSE is not to be taken as an indication of the merits of the TRIFIC Green USD I-REIT or of the new Units,” read the notice.

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Two River Mall. PHOTO/TRM.