IMPACT INVESTING
DONE RIGHT
OUR MISSION
To identify strategic investments in land and real estate, which increase the supply of affordable housing in partnership with trusted and highly-experienced property developers and contractors. The Celestine Fund is an impact investment fund that specializes in mobilizing capital to sustainably develop adequate, safe and affordable housing in Kenya and Uganda. Our mission allows us to offer investors a way to do well by doing good.
ROADMAP
Phase 1A
Public Sale
Celestine I Fund 5/2/2022
Phase 1B
First Close
Celestine I Fund 6/30/2022
End of Phase 1
Final Close
Celestine I Fund 1/31/2023
Phase 2A
Private Sale
Celestine II Fund Strategy: Acquisitions 2/1/2023
Phase 2B
Public Sale
Celestine II Fund 5/2/2023
Phase 2C
Acquisition Target Multinational Architectural Engineering firm
Global leader in Design Innovation Global leader in Infrastructure Experienced in designing future-cities 10/2023
Celestine I Fund
End of Investment term Investors receive proceeds 7/1/2027
Phase 3
The Miqlat Future Cities Project
Kickoff - Break Ground The Miqlat Future Cities Project is a Game B-inspired city project. 10/2027
- In 2020, the housing requirement in Kampala reached 750,791 units
- Housing provision is one of the most pervasive challenges faced by over 2/3 of the population of Kenya and Uganda
- Nairobi is the 6th fastest growing city in Africa
- There is a growing shortfall of housing, estimated at 2.0 million units in Kenya and 2.4 million units in Uganda
- This deficit of housing continues to grow by 200,000 units per year in both countries
MEDIA
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