Cretum Properties on Tuesday launched a Sh22.7 billion real estate known as Green Isinya City. The office blocks, maisonettes, schools, high end eateries and police stations will sit on 1,000 acres in More »
Set on a ten-acre estate, the Hogmead residence is now one of the priciest commodities in Kenya’s residential property market, confirming the growing status of Kenya as a prime real estate location More »
The Global Real Estate Transparency Index ranked Kenya top among 14 most improved countries in real estate transparency globally. The Index by consultancy firm Jones Lang LaSalle Index uses a combination of More »
Cretum Properties on Tuesday launched a Sh22.7 billion real estate known as Green Isinya City. The office blocks, maisonettes, schools, high end eateries and police stations will sit on 1,000 acres in Kajiado County. The infrastructure begins in the next two weeks followed by ground-breaking in February next year.
There is a lot of activity that is going on as the the largest mall in East Africa, is slowly taking shape along the Thika superhighway. Once it is complete, Garden City Mall which is financed by a U.K.-based private equity firm, will have 50,000-square-meters of retail, a four-acre central park as well as an outdoor concert arena of 500 homes.
The last four-to-five years have experienced turbulence in developed property markets around the world, while Kenya has remained relatively stable. Kenya’s property market has potential for higher rates of return as compared to other jurisdictions. It is also easier for foreign investors to enter Kenya’s real estate sector.
Property markets in India, Dubai and China have boomed over the last 15 to 20 years, these are markets which have big bubbles and have potential to explode anytime.
What do you do when you find that the fancied painting you bought does not fit into a standard wooden or metal frame? Store it and let it gather dust? There’s no need to do that, says Mr Benson Hinga, a freelance interior designer, who told DN2 that there were many options that could still look appealing against your walls or wallpaper. And while you might think some of them are unusual and possibly awkward, the interior designer says they achieve the first rule of décor, which is to create variety in the house.
Hangers If you think hangers are just for hanging towels and other items that you dont’ want on the floor, you need to get a bit more imaginative since, according to Mr Hinga, there are limitless ways of using them. “Wooden hangers, for instance, are perfect for holding prints or posters as they make the print or poster appear to be part of the wall. If you want your poster to hang taut against the wall, it’s advisable to clip a hanger to the bottom as well,” he says. You will achieve the best pattern if you hang them in a straight line as they create a continuous display of your wall hangings.
Real-estate firm Lifestyle Apartments is putting up a Sh1.6 billion gated community targeting high and medium-income earners. The developer has announced it will construct 310 units along Mombasa Road over the next two years. The units will include 230 two-bedroom apartments and 80 three-bedroom apartments targeting expatriates and mid-level managers.
The company said the project, dubbed Lifestyle Terraces, opted for the Mombasa Road site due to its proximity to shopping malls and the railway station.
“It is near social amenities like airport and the Syokimau railway station to offer swift connectivity. The newly constructed Gateway Mall on Mombasa road is just a five minutes walking distance from Lifestyle Terraces,” said Peter Karoki, a director at the real-estate firm.
Right on the corner of Chania road off Ngong- Kilimani, is a new commercial building with approximately 40 office suites on five floors ranging in size from 60 square meters to 165 square meters. The workers at the site are busy with the finishing touches as the building due to be completed in one month. CnC Property Managers, the selling agent of this development say the property is totally let out and 70% sold. Just right across the street is an old partly demolished residential building with a notice of change of usage from residential to commercial.
The Kenya homes expo is set to be big this time round celebrating a decade since its inception. the 20th Kenya Homes expo is set to open at the Kenyatta International Conference Centre on the October 30th to November the 2nd 2014. The Kenya homes expo is the biggest homes show in Eastern and Central Africa; an estimated 40,000 visitors attend the three day event annually. More than 140 firms participated in the event last year and the same number if not more are expected for this year. The expo draws local and international exhibitors drawn from various sectors of the real estate industry.
Set on a ten-acre estate, the Hogmead residence is now one of the priciest commodities in Kenya’s residential property market, confirming the growing status of Kenya as a prime real estate location in eastern Africa.
Its owners — Fuzz and Bimbi Dyer, and Andy and Caragh Roberts — had turned Hogmead into a 12-room boutique hotel whose main room cost Sh42,000 a night. The hotel, run by The Safari Company, was indefinitely closed in October 2013 and listed with Knight Frank around the same time. The Dyers and Roberts also own and run the luxury Manda Bay resort hit by cancellations after the kidnapping of an elderly French woman in 2011.
The Global Real Estate Transparency Index ranked Kenya top among 14 most improved countries in real estate transparency globally. The Index by consultancy firm Jones Lang LaSalle Index uses a combination of quantitative market data and information collected through surveys of its global business network.
Property Leo recently launched a new website. The highly responsive, retina ready and dynamic website was done by the Jengaweb Team. The website which took quite a number of man and ‘woman’ hours to achieve, the new layout on display is live at www.propertyleo.com. The Propertyleo website was established in 2008 to provide an authentic Kenyan property website delivering quality, up-to- date and reliable information to the market. Property Leo also launched a newspaper in early 2013 which is a print out of the website. The paper is distributed in major shopping malls across the Nairobi, Kisumu and Mombasa, and will expand soon to cover the whole country.
The paints industry has become very competitive in the last few years especially from the price perspective. Players in the Industry are now focusing on introducing quite competitive prices in the market. Leading paints manufacturer Crown paints while continuing to introduce new and innovative products is keen on regional expansion. Crown Paints Chief Executive Officer Rakesh Rao said his company was firmly on track to entrench its presence in the region using a unique model of setting up mini-plants that feed demand for specific regions.