Real estate firm Superior Homes Kenya has revealed its plans to list on the Growth Enterprise Market Segment (GEMS) of the Nairobi Securities Exchange (NSE) later this year.
The GEMS was launched by the NSE in 2013 to provide more options for finance, especially long-term funding, for small and medium-sized enterprises (SMEs) in Kenya.
“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 company has appointed Burbidge Capital as the nominated advisor for the listing, PKF as reporting accountants and A&K as transaction lawyers.
Henderson said that this is part of the company’s strategy to expand capacity and grow its business to the next level.
Superior Homes plans on using the funds raised to start new estate projects in fresh sites.
Established more than 10 years ago, it has so far developed the 163-acre Greenpark Estate in Stoney Athi on the Nairobi/Mombasa Highway.
The development is made up of over 700 housing units, schools, green zones, a sports and recreational facility and a shopping mall.
Superior Homes Kenya’s plans to go public are subject to regulatory approval.