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Digitisation of title deeds to cover more counties

Land owners will from next financial year apply and search for title deeds online in a deal reached between the government and the Kenya Private Sector Alliance last Thursday.

In a closed door meeting held at State House, the government and Kepsa agreed that the digitisation of the land registry that started in May last year, be extended to other counties from July. The digitisation is currently being piloted in Nairobi and Mombasa. Read more...

Kenya placed highly on real estate investors'

Property developers place Kenya highly in their radar, with keen interest on retail and residential space, according to a survey of top real estate professionals. Pent-up demand for affordable housing and high quality commercial spaces, a rising middle class and economic stability are among key factors expected to shape opportunities in the country this year. The survey was carried out by London-based Global Real Estate Institute, the organisers of the Africa GRI 2015 conference that will be held in Johannesburg next month. See more…

Sh5.5bn luxury waterfront facility opens in Mombasa

EnglishPoint Marina, a luxury waterfront development facing Mombasa’s Old Town, has been opened to the public even as it awaits commissioning in June. The Sh5.5 billion project that incorporates a hotel, apartments, restaurant, casinos, a public boardwalk and a marina where luxury boats will be moored, has already secured guest bookings as it undergoes final touches. See more…

Kenya's Centum pursuing sales to fund power, real estate deals

Kenya's Centum Investment (ICDC.NR) is working on selling its stakes in several firms to fund new investments in power plants, real estate and other areas, its chief executive said. James Mworia told the Reuters Africa Investment Summit the company, whose market value has jumped seven-fold over the last five years to 40 billion shillings ($438 million), was targeting new investments that would maintain growth momentum. See more…

Pan African Housing Fund looking to build in Nakuru

Pan African Housing Fund, which announced its third property joint venture for Kenya last week, is looking to build houses in Nakuru, which will be its first deal outside Nairobi. Officials managing the housing private equity fund told the Star in an interview that talks are at an advanced stage, and PAHF could invest $2-3 million (Sh183-274 million) in the new project. See more…

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