TATU CITY ANNOUNCES HOUSING DEVELOPMENT FOR 4,500 RESIDENTS
16 May 2016
Tatu City, the mixed-use, mixed-income urban development on 2,500 acres near Nairobi, has announced the addition of a new high-density residential development to the project.
Construction by developer Lifestyle Properties is set to begin in November 2016, with 1,200 units on 30 acres and prices starting from Ksh6 million. The development is expected to house over 4,500 residents upon completion.
“Lifestyle Properties is delighted to be a part of the Live, Work, Play vision that Tatu City represents,” said Peter Karoki, Director, Lifestyle Properties.“This development will cater to a broad, underserved spectrum of the market that requires good quality homes at an affordable price.”
“Our residential portfolio at Tatu City is rapidly expanding,” said Nick Langford, Kenya Country Head for Rendeavour, Tatu City’s majority owner. “Lifestyle Properties’ investment represents a realisation of Tatu City’s vision of an open community with housing options to suit any budget.”
TatuCity has set aside 256 acres of residential land which will cater to more than 100,000 residents when construction is complete. Tatu City’s first residential phase, Kijani Ridge, is 65% sold. Tatu City has also established the 420-acre Tatu Industrial Park, which will be home to Unilever, Dormans, Kim-Fay and Maxam, among other leading Kenyan and multinational companies.