Truestone Positive Impact Property Fund - Nairobi

Developing prime real estate of two Kenyan charities, to release capital and provide income streams for them to maintain and expand their educational missions.

  • Stage Full Product Ready
  • Industry Real Estate
  • Location London, United Kingdom
  • Currency GBP
  • Founded September 2015
  • Employees 0
  • Website truestoneimpactinvestment.co.uk

Company Summary

CMS-Africa and the Kenya Students Christian Fellowship ("KSCF") are both well-known and highly regarded charities that have been working across Kenya for many years. They have become part of the fabric of society, providing training and educational services which supplement the formal systems in Kenya. However, the funding for these activities at scale has gradually dwindled and the charities find themselves increasingly restricted in the essential work they do.

Both the charities own real estate in Nairobi, acquired many years ago at relatively low cost and now highly prized by developers. However, they are unable to easily secure bank finance to develop the land and are wary of being exploited by developers purely driven by the desire to maximise their own return.

Truestone Impact Investment Management Ltd, with its track record in social impact investing and long-standing relationships with a number of African charities and businesses, was selected as a trusted partner to lead the development work on a fair and transparent basis. The financing for the development work is being raised through a Fund structure in the United Kingdom.

Please find below a video from our Chairman and Founder, played at the Fund launch event in July.

Team

  • Senior Investment Analyst - Truestone Impact Investment Management Ltd

    Guy is the Senior Investment Analyst at Truestone, having been with the business for almost 2 years. He is a qualified accountant with more than ten years experience in the financial services sector. Guy trained with Deloitte, then spent over 6 years at Man Group PLC and three years with Morgan Stanley within the equities division.

  • CEO - Truestone Impact Investment Management Ltd

    Neil is the CEO of Truestone and has been with the business for 9 years, during which time, he has had a significant Africa focus. Prior to this Neil was Head of Operations & Risk at Barclays Wealth and a director at Barclays Funds Ltd. Neil chairs the Board of Trustees at Five Talents, a micro-finance charity with international interests, including extensive operations in Kenya.

  • Chairman and Founder - Truestone Impact Investment Management Ltd

    Paul is the Chairman and Founder of Truestone and has 15 years' cross-cultural experience. He has focused for the last 10 years on establishing companies with social impact as a key element, internationally and with an emphasis on Africa.

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