The promoter of Fahari real estate investment trust (I-Reit), ICEA Lion Asset Management, has raised its share of investments in commercial bank fixed deposits by deploying cash from the sale of a property in Nairobi's Industrial Area.
New disclosures from the manager of the property fund, which is listed on the Nairobi Securities Exchange's unquoted securities platform, shows the firm piled into term deposits, raising it to Sh411 million as of June 2025 from Sh46 million a year prior.
