Infraco Invests $10 Million Into Acorn REITs
Private investment firm Infraco Africa has invested $10 million into Acorn Holdings REIT in support of the company’s affordable student accommodation projects in Nairobi.
“This...
Wealth Report Shows Population of Wealthy Kenyans Dropped by 22% in 2020
The number of High-Net-Worth Individuals (those worth over one million US dollars) dropped by 22% last year according to Knight Frank’s 2021 Wealth Report...
Developer to Build Luxury Westlands Skyscraper
Infinity Developers are in plans to launch a highrise apartment tower in Westlands that could rival Upperhill’s 88-Nairobi project.
The West Riverside Tower will sit...
Northern Collector Tunnel Project Set to Increase Nairobi’s Water Supply
Nairobi residents are set to begin reaping benefits from the Northern Water Collector Tunnel that has been under construction in Murang’a County as completion...
Kampala’s real estate sector lost 40 percent of revenues in 2020
Kampala’s real estate sector lost 40 per cent of revenues in 2020 following a contraction in demand during the pandemic.
Property managers disclosed that the...
Umoja-Innercore Road to Get New Upgrade by KURA
Kenya Urban Roads Authority (KURA) yesterday announced plans to construct the Umoja-Innercore road project as part of an intended 408 kilometres upgrade of city...
Housing PS Says Affordable Housing Program Effective for Markets
State Department of Housing Permanent Secretary Charles Hinga yesterday said that he is optimistic the government’s affordable housing program is achieving the desired impact...
LAPFUND to Break Ground on KSh. 3.5 Billion Kisumu Estate
The Local Authorities Pension Fund (LAPFUND) has announced plans to begin the construction of a KSh. 3.5 billion in Kisumu’s Makasembo Estate to replace...
KURA Ready to Begin Development of New Traffic Management System
Kenya Urban Roads Authority (KURA) yesterday announced it is ready to begin construction of the traffic management centre planned for Nairobi.
The Authority said it...
Demand for Office Space Decreased by 47% in 2020- Market Update
Kenya’s prime residential sector remained a buyers’ market in 2020, as prime residential rents declined sharply by 10.25%, compared to 2.8% in 2019, according...
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New Watamu skyscraper to unseat The Pinnacle as Africa’s number one
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How Big Is An Acre Really?
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Kenya’s Construction Costs, 2017
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AVIC unveils the Global Trade Centre in Nairobi
Chinese company AVIC International, through its Kenyan subsidiary yesterday unveiled the Global Trade Centre (GTC) a city complex set on 7.5 acres of land...
Second Phase of Dongo Kundu Bypass to begin next month
Phase 2 of the Dongo Kundu bypass project is set to be rolled out from next month after the Attorney General gave clearance to...