Hass Consult banks on Riverside Drive for its mixed-use development

Hass Consult unveiled niche development Riverside Square, spanning 250 apartments, offices, boutique stores, infinity pools, gyms and open-air leisure facilities, on Riverside Drive, which it selected as the emerging hub of Nairobi’s wealthy Bohemian class, the BOHOs. “As development managers, we have led the way in financial models and market positioning in Kenya for over two decades. During that time, the real estate market has become more sophisticated, to the position, by 2019, where only carefully thought through investments with clear and under-served target markets now sell rapidly,” said Sakina…

Africa is facing housing crisis, Shelter Afrique says

Majority of African countries are facing a housing crisis as a result of high population growth, increased urbanization and low supply of affordable housing, the Pan-African housing development financier, Shelter Afrique, has said. Speaking in Nairobi at the inauguration of Karibu Homes, a low-cost housing project financed by the organization, Shelter Afrique Chairman Daniel Nghidinua said the situation is compounded by lack of affordable housing finance, high cost of urban land and weak tenure security, rising construction costs, and rapid growth in slums. The company is now calling for a…

Tatu City and Equator Energy deliver first solar power plant

Tatu City has installed its first solar power plant in partnership with Equator Energy, to generate renewable energy for the city. The installation comprises of 2,880 solar modules that have been mounted on 5,700 square meters of roof space at Dormans Coffee’s global headquarters at Tatu Industrial Park. The plant is expected to produce 1.4 million kilowatt-hours per year, the same amount of energy consumed by 8,500 people. The installation is in line with Tatu City’s long-term commitment to environmental conservation through harnessing renewable energy sources. The solar power plant…

Tenant purchasing schemes to help reduce housing deficit

Experts are calling for more strategic support to Kenya’s home ownership market. According to a recent report by the World Bank “Kenya Economic Update: Housing Unavailable and Unaffordable” the housing deficit in Kenya stands at 250,000 housing units annually. With a constantly growing population, the deficit can only get worse. The Vision 2030 social pillar on housing seeks to attain an adequately and decently-housed nation in a sustainable environment. “The stand on bank interest rates capping remains unresolved. This has made banks apprehensive in granting of loans and mortgages. Consequently, house…

The new trends driving private infrastructure investment in emerging markets

A according to a recent report by PwC which identified a number of themes likely to guide investment in a world where politics, technology and markets are changing fast; shows over US$4.5tn a year will be spent on infrastructure between now and 2020. The five themes include investors broadening their horizon, new political leadership unveiling ambitious goals, future-proofing against obsolescence, and sustainable infrastructure for the long term, commodity-rich regions prioritizing infrastructure among others. Of these themes, I think three are particularly relevant, with each having its own specific drivers and…

What to consider before investing in any rental property

Are you thinking about investing in property? It may seem easy, however there are a number of points to consider before you dive into a long-term commitment, to ensure security, success and a strong return on investment. Global real estate portal, Lamudi explores the top 10 things to keep in mind when searching for the perfect rental property. The neighborhood The first thing to consider is the location of your investment. Buying a house in a high-end neighborhood will attract wealthier tenants, while investing in a property in a university…

Fadhili Retirement Village, Caring for the elderly

Superior Homes Kenya Plc, a property developer and the pioneers of the open plan gated community concept in the region has embarked on a new concept to ensure the elderly citizens are well cared for under their new project dubbed “Fadhili Retirement Village”. The idea of Fadhili Retirement Village came about after the developer realized that the care options for the aged were limited as well as overwhelming. This project broke ground in 2018 and when completed will become Kenya’s first custom designed assisted living facility. The development that has…

NAKURU TOPS AS A FAVOURITE INVESTMENT DESTINATION IN KENYA

Nakuru County saw its land prices rise by an average of 12.7 per cent in 2017 according to County Land Price Report 2018. This has drawn the attention of many investors eyeing prime properties in the county that offers serene living with easy access to Nakuru town, thanks to the developed road network. Ranked as the fourth largest city in Kenya, the town is located 165km northwest of Nairobi. The strategic location along Nairobi-Malaba highway is making Nakuru town experience an increase in population resulting to the need of expansion of the…

 Identifying If Your Investment Manager Is Conflicted Could Save You from Financial Ruin

By Edwin Dande, Cytonn Investments CEO Investors in Genghis Capital recently woke up and realized that their billions of shillings are not accessible simply because majority of their cash was invested in Chase Bank, which was owned mostly by the same shareholders who owned Genghis Capital. How do we explain that the management at Genghis Capital decided to invest majority of their clients’ cash in a bank controlled by the shareholders of Genghis? Why didn’t they invest the cash in another bank or at least significantly diversified the investments? http://Also Read: https://www.ceoafrica.co.ke/hospitality-has-the-potential-to-create-significant-economic-growth-in-kenya-and-beyond/…

Interest cap law calls for innovation from housing developers

By Ian-Henderson Superior-Homes-Kenya Managing Director On the face of it, the recent rates cap legislation is good news for borrowers because reduced interest rates will result in lower repayment instalments for loans. The good news is dependent on loans being granted in the first place and, as banks come to terms with the new laws and begin to figure out their impact on business, there is no doubt about one of the key outcomes – for most of us loans will be harder to secure. The reasons for this are clear.…