Kenya: Southern African Equity Fund to Put Up 240 Green Apartments in Kiambu

18 June 2024
Capital FM (Nairobi)
By Wangechi Purity

Nairobi — IHS Kenya, a Southern African private equity fund manager, has unveiled an affordable green housing development in Limuru, Kiambu County.

Located within the Tilisi Masterplan Development, the development comprises 240 green units of two- and three-bedroom apartments.

Sited on 2.5 acres, the Muzi Salama housing project is set to be completed in the next 24 months and will retail from Sh5.2 million.

IHS Kenya Managing Director Peter Mayavi said that the development will address the growing demand for affordable housing, offering residents quality urban living.

"We also chose to develop in Tilisi due to its strategic location that is served by major transportation nodes," Mayavi added.

Muzi Salama is IHS Kenya's first development-for-sale project in Kenya.

IHS Kenya has also partnered with Mi Vida to develop 200 green and affordable rental housing units within the Garden City mixed-use masterplan along the Thika Road Superhighway.

The funding for affordable green housing will be provided by the IHS Kenya Green Housing Fund.

Read the original article on Capital FM.

Tagged:
Copyright © 2024 Capital FM. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.