Loss-Making Home Afrika Loses Key Subsidiary
Home Afrika, a publicly listed real estate developer, has confirmed that its main subsidiary, Mitini Scapes Development Limited, has been placed under administration due to prolonged financial challenges. In a [...]
Top 5 Industrial Parks in Kenya
In the early 20th century, Kenya’s colonial administration began laying the groundwork for industrial parks in Kenya's development by recognizing the strategic importance of various locations across the country. The [...]
Mi Vida Homes Plans REITs Future after CMA Nod
Residential real estate developer Mi Vida Homes can now manage Real Estate Investment Trusts (REITs) after it obtained a license from the Capital Markets Authority (CMA). “There has been a [...]Africa's Office Market Recovers, Demand for Grade A Offices Rise Survey
Kenya's office occupancy rate now stands at 77 per cent, mirroring a recovery wave hitting other markets in Africa. In its biennial 2024/25 Africa Report, Knight Frank puts recovery across [...]
ILAM Fahari I-REIT Lists on the NSE's Unquoted Securities Platform
ICEA Lion Asset Managers (ILAM) Fahari I-REIT has been admitted to the Unquoted Securities Platform(USP) of the Nairobi Securities Exchange(NSE), following their delisting from the Main Investment Market in February [...]Two Rivers International Finance Innovation Centre (TRIFIC) SEZ Secures $47.5mn funding
Two Rivers International Finance Innovation Centre (TRIFIC), the only services-focused Special Economic Zone (SEZ) in Kenya, has announced that it has secured an investment of Kes.6 billion (US$47.5 million) [...]Acorn Holdings Secures KSh. 23.6bn Financing to Build Affordable Student Housing
Real estate developer Acorn Holdings has signed a USD 180mn (KShs. 23.6bn) financing deal with the US Development Finance Corporation (DFC) to develop 35 new affordable student housing units. This [...]How Horizons Offices is Shaping The Future of the Workplace in Africa
Over the last few years, businesses have shifted from leasing massive spaces for their offices to finding working models that work for them and their staff. The shift to working [...]Demand for Maisonette Grows in Q4, Apartments Preference Fall KBA Housing Index
There is an increase in the demand for Maisonette properties going by almost double growth in their preference from the fourth quarter property market survey by the Kenya Bankers Association [...]Super Rich Turn to Residential Real Estate to Grow Wealth- Survey
The appetite for residential real estate as investment vehicles among Kenya’s rich population is on the rise compared to preference for commercial property. “The majority of respondents identified investment as [...]How Technology is Enhancing Property Investment in Kenya
Kenya’s real estate sector is witnessing a remarkable transformation fueled by technological advancements. From the adoption of blockchain for secure transactions and ownership rights to the proliferation of digital platforms [...]
Upperhill Land Value Highest in Nairobi, an Acre Averages over KSh 480Mn
The average value of land in Nairobi’s 18 highest activity suburbs has gone up from KSh 30.3 million in December 2007 to KSh 203.7 million in March 2024. During the [...]
