GenAfrica Asset Managers has taken over management of The Cube after a successful purchase of the property from London Town Group.
Through it’s Batian Property Fund, GenAfrica acquired the landmark commercial property on Riverside Drive from developer London Town Group of Companies, through its Kenyan real estate arm Innova Properties.
Batian Property Fund chief executive officer Timothy Mulondo said the acquisition is expected to elevate asset standards in Kenya’s pensions sector, widen access to high-quality real estate opportunities, and unlock new value for investors.
“Through this acquisition, we continue to strengthen the bridge between institutional capital and productive real estate. As we continue to scale, Batian remains focused on structured, transparent, and competitive-return investments, ensuring that every shilling entrusted to us works for the retirement security of Kenyan workers.,” he added.
According to the firm, the strategic acquisition is setting a new benchmark as Batian Property Fund and Innova Properties move to curate premium, globally aligned real estate assets for Kenyan pension schemes, signaling a bold shift in the market.
Innova Properties CEO Kavita Doshi described the partnership as a catalyst for long-term value creation anchored on building assets that endure and partnerships that multiply opportunity.
“This transaction is not an exit; it is the beginning of a strategic collaboration. Kenya’s pension sector is evolving, and we believe the future lies in partnerships like this where innovation meets integrity,” she noted.
Since its launch, the Batian Property Fund has pursued the mission of unlocking access for pension schemes to high-quality, competitive-return, real estate assets that generate sustainable long-term value.
GenAfrica Asset Managers Managing Director Patrick Kariuki added that the acquisition underscores an aggressive path of innovation to ensure their clients’ portfolios remain resilient and future ready.
“At GenAfrica, we’re deeply committed to redefining how pension funds invest, blending prudence with innovation. As we continue to expand our portfolio, from traditional investments to a new range of alternative investment products, our focus remains clear: empowering Pension Schemes with diversified, well-managed opportunities that deliver consistent value,” said Kariuki.
GenAfrica further backs the transaction to position it as a central player in Kenya’s growing pension sector by demonstrating how institutional capital can shape the future of real estate investment, responsibly, transparently, and with long-term value at its core.
