Kenya’s Jenga Web Limited emerged the top marketing agency in Africa, winning in six categories during the 2015 African Property Awards held Thursday night in Dubai, UAE. The agency won the Best More »
Sultan palace Development Limited, a Jiangxi Xinyu Real Estate Development hopes for beach retreat. The property developer is working on a holiday resort project in Kenya’s coastal town of Kikambala which is More »
Two rivers development, which is a project of the Centum Company, has attracted USD 155 Million funding or over Kes.14 billion in debt and equity from The Co-operative Bank of Kenya Limited and 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 More »
There is a new technology in town, one that transforms a window’s glass surface into a touch screen, the latest technology in touch sensitive display.
According to the American estate agency firm that has invested in this technology, this interactive window is making property searches and market information easier and more accessible, since clients can get the information they need even after office hours.
The firm, Coldwel Banker, recently launched the technology in Kenya as its first entry point into Africa.
It is enabled by a projection foil which is applied directly to a glass surface, for instance a window, and a projector mounted from behind to make an interactive projection display.
“This demonstrates the new level of advances in technology that Coldwell Banker, Kenya, is bringing to the East African real estate sector, with innovation that spans into real estate management systems, marketing tools and activities, and customer-centric services,” noted Ms Daniella Callaway, the managing director of the firm.
Real estate is the best investment option this year even though politics will play a major role in determining returns from other key sectors.
Cytonn Investments 2016 Outlook Report released in Nairobi on Monday says local and foreign investors will continue reaping handsome returns since growth of the middle class and continued urbanisation create a growing demand for both residential and commercial developments across the country.
Cytonns is a real estate investments company that currently manages a Sh4 billion asset portfolio and has ongoing projects worth Sh50 billion.
The Cytonn investments manager, Mr Maurice Oduor, expressed optimism that if Kenya keeps politics out of development and business matters, a 5.5 per cent to 6.5 per cent growth is achievable.
“It is only President Uhuru (Kenyatta) and Deputy President William Ruto, who are politicians, while the rest are purely civil servants whose task is to deliver services to fellow Kenyans,” he said.
Kenya’s Jenga Web Limited emerged the top marketing agency in Africa, winning in six categories during the 2015 African Property Awards held Thursday night in Dubai, UAE.
The agency won the Best Golf Development in Africa for the Aberdare Hills Golf Resort. The resort also bagged the 5 star award for best golf development in Kenya
The agency was announced as a winner in multiple categories at a gala event that brought together a host of Africa’s finest developers, architects, interior designers and real estate agents to showcase the most luxurious, ambitious, and awe-inspiring projects of the year.
Jenga Web won two other 5 star awards for the Tilisi Development for best mixed use in Kenya and for best development marketing in Kenya. It also scooped two Highly Commended awards for Sultan Palace Beach Retreat; highly recommended as a leisure development in Kenya and highly recommend for its development marketing in Kenya.
The firm will now proceed to the international final to be held next month in London where it will be competing with the world’s best property professionals for the highest accolade awarded in the industry, of best in the world.
Jenga Web is a multi international award winning marketing solutions provider focused on the Kenyan real estate market. Its mission is to deliver marketing that reflects the uniqueness and true quality of real estate products.
Sultan palace Development Limited, a Jiangxi Xinyu Real Estate Development hopes for beach retreat. The property developer is working on a holiday resort project in Kenya’s coastal town of Kikambala which is about thirty minutes drive from Mombasa, one of Kenya’s biggest tourist resorts. Despite the travel advisory imposed on some areas in the Country by some other Countries, the project is still taking shape fast.
Although the tourists frequenting Kenya’s coast number has declined recently due to security concerns, the company says there is no reason as to why the country can loose on projects like these affecting the market, especially with the standard gauge railway set to be completed in 2017. The line once complete will shorten the journey times between Nairobi and Mombasa as the country’s middle class continues to grow. The line is as well expected to fuel a boom in domestic tourism.
Currently it takes at least 19 hours to travel between the two cities, however, this will be reduced to about four and a half hours to cover the 500 kilometers.
In 2013, Ms. Juliet Mazera decided she needed a house to call her own. After searching all over Nairobi for a house that would fit the bill of what she wanted, she stumbled upon a swanky gated community off the new Thika Highway on Kamiti Road.
The property development, which we cannot name in this article because the developers refused to talk to us, was the perfect place to be; the houses were modern, the location just a few minutes’ drive from Nairobi, the gardens lush, the walkways carob-paved, a huge perimetre wall to ward off louts, they were putting up a school inside the development… everything was perfect, and Ms. Mazera was hooked.
At the time the idea of gated communities was just beginning to pick up, and this was high up there in the quality and affordability scale. Phase One and Two were already complete, and oh, weren’t they beautiful on the glossy brochures! “For Sh7.6 million, we were offered a three-bedroom house in a gated community that had a fitness Center, a clubhouse and abundance of fresh air, among other appealing attributes,” says Ms. Mazera.
In the past decade the skylines of Kenya’s cities and towns have been filled with magnificent skyscrapers.
They are statements of purpose, commercial success and faith in the future. Every day we see new ones and that counts for something in the form of income generation and employment for more than 70 per cent unemployed youth. What is not so visible is the upkeep of these structures over the short and long term. Property management is meant to capture both the value of the structure in terms of longevity of its technical life, as well as a reliable regular revenue stream.
Maintenance can be done in different stages. Reginald Lee defined those stages as follows:
- Planning and design stage – which should be based on intended use and be as maintenance free as possible. In this stage a lot of money can be saved with the proper plan and design. For this reason, the building manager and maintenance personnel should be consulted during the early stages of the building design.
Prices of luxurious homes in Nairobi fell slightly during the first three months of the year, according to a Knight Frank report. The Knight Frank Prime Global Cities Index quarterly report released last week ranks prime residential markets in 35 cities worldwide. It states Nairobi recorded a one per cent decline in prices of posh homes between December 2014 and March 2015.
Supply of high-end homes slightly exceeded demand, mainly due to developers responding to the rising foreign investor interest in Nairobi over the past few years. This is in addition to an expanding pool of local high-net-worth individuals seeking to buy trophy homes. The moderate growth in supply created room for price negotiation between buyers and developers, Knight Frank added.
Chinese firm Sultan Palace is developing 198 vacation homes at the Kenyan Coast for sale despite the ailing hospitality sector in that region.The units comprise 50 coral stone beach houses, 16 villas and 132 condos.
General manager Liu Tiancai said hotel closures in the region have created accommodation shortage which is expected to boost the demand for vacation homes.“The decline in tourism numbers is only a short term occurrence. We have invested at the Coast because we believe that the country still has the potential to return to its glorious days sooner than many think,” he said.
Seven Kariobangi residents have moved to court seeking to have the Kenya Urban Roads Authority (Kura) stopped from demolishing their properties. This comes shortly after Kura marked eight structures at Kariobangi Light Industries on Outer Ring Road for demolition.
The road expansion has been long in coming. But the property owners say identification and marking of structures for demolition has been done without following laid down procedures of acquisition.
The Valley View Business Park is proof that functionality is not the only factor that property developers consider when designing a commercial space. If anything, opulence and lavish comfort can also be part and parcel of the final product. The business park, an 11-storey twin towers, took three years to construct and is now ready for occupation.
According to Villa Care Limited, the selling and letting agents managing Business Park, interested parties seeking to occupy the facilities can do so from as early as Tuesday this week to May 10, 2015.Situated near Nairobi’s City Park; it is sandwiched between the Mathare River and Muthaiga estate, as well as the proposed M15A highway and City Park Nature Reserve.