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The Acorn Student Accommodation Development REIT (ASA D-Reit) and the Acorn Student Accommodation Income Reit (ASA I-Reit) have reported a combined 21.4 per cent growth in profit after tax of Sh345 million for the six months to June this year compared to Sh284 million over a similar period last year.
Acorn Holdings, which is one of the largest developers of Purpose-Built Students Accommodation (PBSA) in the region, said it overcame a challenging macro-economic environment to post a strong performance over the period.
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