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US$ 15m apartments to be constructed in Kenya

A US$ 15m worth apartment block is set for construction in Nairobi, Kenya behind the Nextgen Mall on Mombasa Road.

The mega development which will be put up by a group of investors will have 14 floors and will approximately house 524 families. The investors are targeting the middle class and high-income earners to buy or rent the houses.

Also Read: 34-Storey Mixed-Use facility set for construction in Nairobi

Regulatory filings by Cool Breeze Development show, the firm which constitutes the investors have ready funds for the proposed project that is projected to occupy a 2.25 acre piece of land approximately 200 metres behind Nextgen Mall.

Features of the apartments

The apartments will consist of 120 studio apartments, 240 one-bedroom apartments, 148 two-bedroom units and 16 three bedrooms. The second basement floor has been reserved for a pump house, fuel house, store, power room as well as a vast parking bay for 237 vehicles with the upper floor accommodating parking bays for 238 motor vehicles.

This news barely comes weeks after a Chinese firm- Erdemann Property Ltd announced the construction of a 34-storey mixed-use facility that will house about 1,632 families. The development dubbed Rier Estate Housing Development will include a shopping complex with 60 outlets, enabling residents to access essential purchases within the mixed-use facility. It will also have 875 parking slots for tenants in addition to adequate space for children playgrounds.

These projects will extensively contribute to positive impacts in the area during its construction and operation phases by creating employment opportunities, ensuring there is optimal use of land, incorporation of collective waste management practices among other things.

Yvonne Andiva
Editor/ Business Developer at Group Africa Publishing Ltd


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