Type Development: Residential –Serviced Apartments
Estimated Development Cost: Ksh 908 Million or $ 9 Million
Type of Fund Needed: Debt Finance & Equity Financing
Debt: Ksh 391 Million or $ 4 Million
Equity Finance: Ksh 597 Million or $ 6 Million
Project Description: The project will involve developing high end serviced apartments to complement the not well catered for growing demand for serviced apartments in Lang’ata area. This will include one and two bedroom furnished apartments with value addition facilities such as: Health and fitness centre, spa, restaurant, business centre among others.
The fundraising process is ongoing and the interested project financiers are welcome to offer their proposals.