Industry: Real Estate
Sector: Residential (Apartments)
SIC Code: 67999905 REAL ESTATE INVESTORS, EXCEPT PROPERTY OPERATORS
Country of Origin: Kenya |
Target Areas: Worldwide
The proposed luxury apartments will be located in Thompson Estate, Lavington area, Nairobi, Kenya. The 52 apartments will be developed on three semi-detached 12-storey blocks, set on a one-acre piece of land. The construction period is expected to last between 18-24 months.
Asking Price: on request
The total development cost is expected to be USD 16 million of which the developer’s equity currently is $7 million. The developer has sold 7 units with a lot of interest streaming in from other prospective buyers.
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