Tag Archives: Athi River

Inside Kenya’s first purpose-built retirement village

Emmanuel Kamau and his wife Elizabeth Muthoni are in their mid-sixties. The two former civil servants retired a few years ago, long after their four adult children moved out of home, leaving the two of them in their expansive five-bedroom house in Lower Kabete, a place they have called home for over 27 years. EMPTY […]

Greenpark developer takes the long view of real estate investing

Rising demand for housing in Kenya’s major cities has attracted multiple investors to the real estate sector, leaving the regulators with a Herculean task of quality assurance and supervision of workmanship to weed the sector of rogue contractors. Ian Henderson, the managing director of Superior Homes Kenya, the company that built the award winning Sh15 […]

Interest rate cap laws pushes Kenya real estate developers to alternative financing models

NAIROBI, KENYA: For years, property developers have had to contend with high land costs (grew by 19.4 per cent over the last five years), high construction costs (normally 70 per cent of total project costs), and lack of requisite infrastructure. They have had to rely on financial institutions and their own resources to meet such costs. But […]

Why controlled developments are the future for sustainable living

By Paul Adede The major challenges currently facing sustainability urban environment is the balancing of increased demand and supply for real estate property against sustainability in terms of adequate infrastructures and proper planning. The real estate developments in most of developing nations are led by demand rather than infrastructural capacity. Nairobi just like many African […]

Cement maker loses Sh750 million land suit

Court of Appeal found EAPCC to have been dishonest in dealings with real estate firm. Cement maker East Africa Portland Cement Company (EAPCC) has lost a suit seeking to reverse more than 300 acres of land to a real estate form, Superior Homes Limited. The Court of Appeal threw out the case and at the […]

Superior Homes to embark on Sh30 billion new project after Court of Appeal ruling

Greenpark Estate developers, Superior Homes Kenya, have announced a Sh30 billion investment plan to put up a new 3,000-unit housing project in Athi River. This comes ahead of their plan to list on the Nairobi Securities Exchange, a move they believe will provide them with access to a source of institutional finance that they intend […]

Real estate firm to build 3,000 houses on Portland land

Real Estate firm Superior Homes Kenya has announced plans to construct 3,000 housing units in Athi River, Machakos County, in a project it estimates will cost Sh30 billion. The firm announced the plans Tuesday, a day after the Court of Appeal upheld a High Court ruling allowing it to proceed with the purchase of a Sh750 million […]

Attractive Real Estate Deals for Kenyans in Diaspora

By Paul Adede Kenyans living overseas are constantly sending money home whether for investments, to support family members or save. With regards to diaspora remittances, data from Central Bank of Kenya in mid-2017 puts the figures at $1.72 billion (Ksh172 billion) worth of remittances, meaning that for three years running, diaspora remittance remained the country’s […]

I own a school now, but it’s been a journey of trials and miracles

Different people are called to different businesses for different reasons. When Maureen Ngesa, 34, decided to homeschool her children, she had no idea this would lead her to starting a fully-fledged establishment a year down the line. She decided on homeschooling because she couldn’t find an education system she believed in near her home in […]