Real Estate Company Superior Homes Kenya has stated its intentions to list on the Growth Enterprise Market Segment (GEMS) of the Nairobi Securities Exchange (NSE) in the course of this year.
The Growth Enterprise Market Segment was launched by the Nairobi Securities Exchange in 2013 to offer more options for finance, more so long-term funding, for small and medium-sized enterprises (SMEs) in the country.
Managing Director Superior Homes Kenya Ian Henderson said the firm has selected a team of highly qualified personnel with proven track record to spear head the whole process and ensure its success
“We have picked a superb team with a proven track record to steer us through this process,” said Superior Homes Kenya Managing Director Ian Henderson.
The firm has appointed Burbidge Capital as the nominated advisor to steer the listing, PKF has been appointed as reporting accountants while A&K appointed as transaction lawyers.
Henderson pointed out that this is part of the firm’s strategy for the future to steer expansion of capacity and grow its business to the next level.
Superior Homes intends to use the money raised to start up new estate projects in fresh sites across the country as a way of entrenching more into the real estate industry.
The company which was established more than 10 years ago, has so far developed the Green park Estate which sits on 163 acres of land in Stoney Athi along the Nairobi/Mombasa Highway.
This development is comprises of more than 700 housing units, green zones, schools, a sports and recreational facility as well as a shopping mall.
Superior Homes Kenya’s plans to go public will have to go through regulatory approval.
