Tatu City Continue Taking Shape As They Now Commission Kijani Ridge Project.
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| Nick Langford, the Country Head for Rendeavour, Tatu City’s developer. |
Tatu City on Saturday launched the 3rd phase of
its ‘Buy and Build’ residential project, the Kijani Ridge which introduces an
additional 100 - ¼ acre plots after exhausting the previous existing parcels.
Speaking during the Kijani Ridge 4th Open Day,
Nick Langford, the Country Head for Rendeavour, Tatu City’s developer, said
that the demand for serviced plots at Tatu City continued to rise as earlier
phases had already sold out.
“We have seen a tremendous increase in the uptake at Kijani
Ridge as a result of a better realization and appreciation of the Tatu City
concept and value. Kijani will offer amenities such as a club house, restaurant,
a school, a mini-shopping centre, a jogging track, a dam and natural green open
space. This is a worthwhile investment for any family,” said Langford.
Langford explained that they had quite a wide variety of products
to cater for different categories of investors, ranging between sh. 2 and 50
million. He added that their concept aimed at decentralising urban environment,
complete with sporting amenities, industrial park, theme parks and a central
business district.
Langford said that they had partnered with ‘Karibu Homes’ who will be developing low
cost housing of between sh. 2-5 million price bracket and ‘Lifestyle Properties’ who will be developing 1,400 units in the
sh. 5-10 million price bracket. These units will be available for occupation by
next year.
“We also have a new product that we will be bringing to the
market very soon. It is a product that will absolutely revolutionise living in Nairobi.
There is nothing being developed like this in Kenya. It will be a new town within
the countryside and within Tatu City of 2,800 units,” he explained.
He said that Tatu City had heavily
invested on infrastructure thus there was no need for investors to worry about
roads or any other essential support structures. He added that they had already
sold out 280 of the 489 acres meant for industrial land with big brands such as
Unilever, Chandaria Industries, Dormans,
Kim-fay and Africa Logistics (who will be developing the first international
premium grade logistics buildings in East Africa) among others.
He assured investors that they had
de-risked the development by reducing the logistics associated with real estate
acquisition and development to ensure that they assisted their client acquire
property without any challenges.
He added that they had partnered
with majority of the banks in the country to provide financial assistance and mortgages
to the investors.
He assured investors that previous
hiccups and court cases that dominated the initial stages of the project were
now over and it was time everyone invested in Tatu City.
Despite of the early morning
drizzles, the open day attracted more 500 potential investors who expressed
their interest and optimism in the project.
“I really admire the plan put
together and the thought process behind this project and I am happy to be part
of Kijani Ridge and Tatu City,” said Edward Muchangi, one of the attendees of
the open day.
The future may seem far away and
out of reach for majority of us, but the people of Ruiru, just 23 kilometres
from the City of Nairobi, are already beginning to experience the beauty of
living in the city of tomorrow. For the Tatu City, the future is already here.
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