The Kenya Ports Authority pension scheme has embarked on a real estate project to construct 198 residential apartments in Nairobi’s South C referred to as the Bandari Apartments. The KPA retirement fund has ventured into real estate development to grow and safeguard the workers’ contributions just like most pension schemes in Kenya.
KPA has partnered with Pinnacle Projects who are the project managers and Triad Architects. The project consists of three high-rise blocks made of 3-bedroom units. Each block will have 11 floors and six apartments on each floor.
Construction began in 2018 and is expected to be completed by December 2020. The apartments are each going for KSh15 million during the ongoing offer period. The developers have announced that the open day for the project will be on 20th and 21st July 2019 starting at 8.00 am.