Centum Real Estate to Issue KSh 4 Billion Bond to Finance Projects
Centum Real Estate Limited, a subsidiary of listed Centum Investment Company, is seeking to float a KSh 4 Billion bond to finance its ongoing housing projects. The move is expected [...]
Upcoming Housing Complex Secures US Embassy as Anchor Tenant
An upcoming medium-density housing complex in Nairobi has secured the US Embassy as its anchor tenant. Construction is set to commence this month with the completion date earmarked for April [...]
Adan Mohamed Joins HFC Board
The Board of HF Group has appointed Adan Daud Mohamed as Non-Executive Director of the mortgage subsidiary HFC. His appointment took effect on 19th October 2020. Mohamed has been active [...]The Zaria Village Starts Coming to Life
Located in Kiambu County, The Zaria Village was unveiled in September 2019 by the Safaricom Investment Co-operative (SIC), with an objective of empowering prospective investors and clients by availing the [...]
Acorn Targets Fund Managers with REITs
Acorn, a leading property developer, has rolled out an 8-week roadshow to sell its Real Estate Investment Trusts (REITs) to fund managers. This promotion, which took off a week ago, [...]Housing Prices For Q2 2020 Show Signs of Recovery Bankers Index
The growth of housing prices in Kenya is slowly giving signs of recovery, after falling for six consecutive quarters. Kenyan Bankers Association's (KBA) pricing index shows that housing prices for [...]IFC, Shelter Afrique, Join Kenya Mortgage Refinance Company Board
The International Finance Corporation(IFC) and Shelter Afrique are the new board members of Kenya Mortgage Refinance Company(KMRC), a state-owned mortgage finance firm that also has private sector players. The two [...]Home Africa Made KSh 888.8 Million Loss in 2019
Home Afrika Group, a property development company listed at the Nairobi Securities Exchange (NSE) slid deeper into losses in 2019 making a KSh888.8 million net loss. The company posted a [...]Off-Plan Purchasing: Should you Take the Risk?
When buying into an off-plan project you're buying a property that does not exist yet. It could be under construction or even existing just in the form of plans and [...]
Nairobi Residential Real Estate Covid-19 update
The WHO characterized Covid-19 as a pandemic on March 11th, becoming the first pandemic to be caused by a coronavirus. The Kenyan Ministry of Health confirmed the first case in [...]Tatu City Progress Since Inception
Ever since Tatu City was gazzetted as a Special Economic Zone in June 2017, it has recorded positive growth developmentwise in the aspect of: Over 20km of tarmac roads Over [...]Nairobi's Office Space Market on Slow Recovery; Report
Occupation of new office space has increased, boosting activity in Kenya’s commercial market. This is despite a rise in defaults rates in the mortgage market and low sales of new [...]
