UK Construction firm Turner & Townsend has acquired a 75% stake in Nairobi-based project management firm Mentor Management Limited (MML) for undisclosed amount.The stake majority stake in MML was acquired from leading growth markets investor – Actis.
The new entity, MML Turner & Townsend, will operate across the real estate, infrastructure and natural resource industries. The merger comes as global investment is fueling Kenya’s diverse economy. Construction activity, most notably in infrastructure, is being driven by institutional and private investment from overseas.
Major projects have been helping to grow inbound investments in surrounding construction developments, including: the Northern Corridor Transport Improvement Project (NCTIP); the Lamu Port and Lamu Southern Sudan-Ethiopian Transport Corridor (LAPSSET); Lokichar to Lamu pipeline corridor; the new Mombasa-Nairobi Expressway and the Mombasa-Nairobi Standard Gauge Railway Project. LAPSSET in particular will expand port access to Kenya, boost rail construction and include a pipeline for recently discovered oil in the country.
MML has been operating from Nairobi since 1987. Well respected in the commercial and residential sectors, MML has delivered a number of prestigious projects in Kenya including: Garden City Nairobi – one of East Africa’s largest shopping malls; an 11,000 sq m cargo handling facility for Swissport and a new chancery for the Australian High Commission.
Turner & Townsend’s existing team will join MML’s Nairobi operation, as a combined team of over 40 experts, delivering a range of services including: advisory, programme management, project management and cost management.