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Want to join real estate? Here is where to bank on

Apartments and bungalows have the highest returns on investment, the first housing survey by Kenyan banks reveals. The Housing Price Index survey found that the two types of housing units are the most popular across the country with the expanding middle class and the rapidly rising value of land cited as the key accelerators of the trend. See more…

Utility firm to install power ahead of builders

Kenya Power will install 29 substations by end of June in a move informed by a distribution master plan that forecasts areas likely to record rapid growth in real estate and manufacturing. Chief executive Ben Chumo told the Star that the plan will see the company set up power infrastructure before developers of residential and commercial properties move in site to reduce the time it takes to get electricity. See more…

Buffalo Mall lets in Naivasha shoppers

The first shopping mall in Naivasha, Nakuru county, opened doors at the weekend, adding a new destination to the town popular for its flowers and getaways. Buffalo Mall is a joint venture between British firm Lloyd Capital Partners, which holds 75 per cent stake, and the Delamere family with 25 per cent. Several retailers and a lender have already moved in following the completion of the first phase. The developers broke ground for construction in December 2013. See more…

Digital title deed centre launched

Kenya’s bid to automate its land registry gained momentum on Wednesday with the launch of a one-stop centre expected to process three million “tamper-proof title deeds” in the next three years. President Uhuru Kenyatta unveiled the National Titling Centre in Nairobi and flagged off vans to deliver 814,743 titles to counties in Nyanza, the Rift Valley and eastern parts of the country. Read more...

Growing middle class ups scramble for Nairobi’s shoppers, diners

Nairobi’s shopping landscape is changing drastically with the ongoing construction of several malls and hotels within the city - all scrambling for the attention of the city’s growing middle class. Notable among these developments is the Thika Road-based Garden City which is set for completion this May. Read more...

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