Traders at the Uganda Securities Exchange. The real estate investment trusts model offers property owners more competitive pricing especially for commercial buildings. PHOTO | DAILY MONITOR | NMG
Uganda’s capital markets regulator is pushing for more people to take up real estate investment trusts — a financial instrument that provides units of ownership in real estate assets to investors — to speed up sale of new buildings and widen investment choices for fund managers.
“There are about 25 real estate properties available on the local market worth $10 million per unit and we need one of them to list before the Reits segment takes off,” said Capital Markets Authority chief executive Keith Kalyegira.
