JANUARY – FEBRUARY 2015 ISSUE
KENYA PROPERTY DEVELOPERS ASSOCIATION
The Developer’s
Digest
A KPDA PUBLICATION
7
KPDA BOARD MEMBERS
Hamish Govani
Chairman
Mucai Kunyiha
Vice Chairman
Emma Achoki
Treasurer
Page 2:
Page 3:
From the Secretariat
Focus on Policy
Laila Macharia
Board Member
Kenneth Luusa
Board Member
Mwenda Thuranira
Board Member
Page 8:
KPDA Member Profile
Page 15: KPDA Partnerships
Page 16: Directory of KPDA
Members
Page 19: Climate and Architecture
Palkesh Shah
Board Member
Visit us online
KPDA SECRETARIAT
Page 20: The Developer’s Digest:
Advertising Rate Card
Elizabeth Mwangi
Executive Officer
Miriam Mwai
Membership Relations
Officer
Nelly Oneya
Finance & Administrative
Assistant
The Secretariat address is :
Fatima Flats, Suite 4B, Marcus Garvey Road off Argwings Kodhek
Road, Nairobi | Tel: + 254 737 530 290 | Email: admin@kpda.or.ke
Website: www.kpda.or.ke
Design& Layout:
InsyncMEDIA Limited. Devan Plaza . First Floor . Suite No16
Chiromo Road, Waiyaki Way.Westlands. Nairobi. Kenya
P.O. Box 9510-00100, Nairobi, Kenya
Landline: (+254) 020 4400218
Email: info@insyncmedia.co.ke
14
www.insyncmedia.co.ke
Kenya Property Developers Association... Development brings Development!
R
R
R
FROM THE SECRETARIAT
Dear Reader,
Welcome to the 2015 first issue of ‘The
Developer’s Digest.’
In this issue, we have introduced our
‘Focus on Policy’ page where we
examine current policy issues affecting
our industry. On 18th February 2015,
KPDA held its first CEO Breakfast Forum
with the theme ‘Discerning Capital Gains
Tax.’ Check out the feature on what you
did not know about CGT.
On Wednesday, 25th March 2015, we will
host our Annual General Meeting and
Koroga at Mystique Gardens Restaurant
in Nairobi. Come and support the
Association and get to know what we
have been involved in.
We would also wish to emphasize that
we are proud of our members and their
various achievements, hence will now be
profiling you and your current projects.
This month’s issue features Karibu a directory of our members in good
Homes and Collaboration Engineering
Products and Solutions (CESP). If you
standing. Kindly contact the secretariat
to confirm that you are up to date with
would like to be featured, please drop us your subscription payments to ensure
an email
PG
on admin@kpda.or.ke.
BISON
your firm’s name is included in the next
listing.
KPDA is proud to announce its
collaboration with various international I urge you to connect with us through
and regional sector players to offer you our various social platforms; our website
networking
Panels
and learning opportunities.
Components
www.kpda.or.ke, our twitter handle
Fittings
The 15th to 16th of April 2015 will see @devbringsdev or through our Facebook
the hosting of the East African Property page Kenya Property Developers
Summit 2015 in Nairobi and KPDA is Association.
proud to be a part of the organization
process.
We will also be co-organizing the Africa
GRI Conference to be held in South
Africa from the 21st to the 22nd of
April 2015. We urge our members to
participate in these forums. Check out
pages…
You will also note that we have
introduced a page where we are listing
Your feedback is always welcome
and we encourage you to speak to us
through our secretariat. You can reach us
on admin@kpda.or.ke or via telephone
number 0737-530290.
Here’s to a great month ahead!
Elizabeth
KPDA wishes to welcome our newest members:
glossline
• Coral Property International Ltd Pediment Developers
• Nanyuki Mall Ltd
mited
• Cytonn Investments Ltdd
ucts Limited
eel Africa Limited
KENYA PROPERTY DEVELOPERS ASSOCIATION
Welcome to the KPDA Family!
glossline
FOCUS ON POLICY
CAPITAL GAINS TAX: WHAT
YOU DID NOT KNOW
What is Capital Gains Tax?
Capital Gains Tax (CGT) is a tax chargeable on the whole of a gain which accrues
to a company or an individual on or after 1st January 2015 on the transfer of
property (lands and buildings) situated in Kenya, whether or not the property
was acquired before 1st January 2015. It is not a new tax. It was suspended in
1985 and has now been re-introduced effective 1st January 2015.
Is Capital Gains Tax Final Tax?
The rate of the tax is 5% of the net gain. It is a final tax and cannot be offset
against other income taxes.
Who Is Liable To Pay The Tax?
Any person transferring property, whether resident or non-resident
(Transferor). The transferor can be an individual or corporate body. It also
applies to shares (including listed shares).
When Should Capital Gains Tax Be Paid?
It is a transaction tax and should therefore be paid upon transfer of property
but not later than the 20th day of the month following that in which the
transfer was made. Business Profits are assessed and taxed on the tax payer
upon filing of the annual returns and accounts.
What is Compensating Tax?
Compensating tax is a tax on the distribution of untaxed income. It can arise
from capital gains being one of them and differences between accounting
and tax revenue. Despite the reinstatement of capital gains tax, Kenya has in
place compensating tax.
PG BISON
www.pgbison.co.ke
GLOSSBORD
GL
GLOSSBORD
Compensating tax is a tax on the distribution of otherwise untaxed or low
taxed profits (e.g. capital gains or accounting profits where the company is in
PLY SUPA PLYL
a tax loss). Currently compensating tax is effectively 42.86%.
gloss
Is Capital Gains Taxable in 2015 or 2016?
Capital gains tax is taxable in 2015 when a contract of sale of property is signed.
Upon transfer of property the transferor shall complete the relevant form as
appropriate GLOSSBORD
GLOSSBORD and compute and pay the tax thereon.
a) Form CGT 1 – CGT on Land and Buildings
GLOSSBORD
b) Form CGT 2 – CGT on Marketable Securities (shares, bonds, stocks)
GLOSSBORD
The computations are subject to Commissioner’s confirmation of correct gain
as the basis GLOSS of tax computation.
PG BISON
www.pgbison.co.ke
Particleboard
SUPAWOOD
MDF
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SUPA
Veneer faced board
PLY
Worktops
MDF backers
Melamine faced board
Laminate flooring
Distributors of quality board products, laminate
flooring, furniture fittings and manufacturers of
furniture panel components.
Our product offering is designed to provide interior
solutions to homes, offices, schools, hotels and shop
fitting applications.
Remember to specify our brands by name.
Edge banding
3D Laminated MDF
Perfecting motion
Motion furniture fittings
Furniture fittings
Portal
Doors & Door Skins
Internal doors
GLOSS
high gloss acrylic panel
High gloss acrylic panels
Kenya Property Developers Association... Development brings Development!
Ready-to-assemble furniture
Are there any Exemptions from Capital Gains Tax?
Certain transactions are exempted as follows: -
a) Income that is taxed elsewhere as in the case of property dealers.
b) Issuance by a company of its own shares and debentures.
c) Transfer of machinery including motor vehicles.
d) Disposal of property for purpose of administering the estate of a
deceased person.
e) Vesting of property in the hands of a liquidator or receiver.
f) Transfer of individual residence occupied by the transferor for at least
three years before the transfer.
Flat pack cabinet carcasses
2 3
FLATPAX
MODULAR KITCHEN & WARDROBE CARCASS
Talk to us
+254 700 342996
Customer Relations Manager
info@pgbison.co.ke
or visit our showrooms
Panels Components Fittings
FOCUS ON POLICY
CAPITAL GAINS TAX: WHAT YOU DID NOT KNOW
g) Compensation by Government for property acquired for
infrastructure development.
h) Transfer of asset between spouses as part of divorce
settlement.
i) Sale of land by an individual where the proceeds is less
than Kshs. 30,000.
j) Sale of agricultural land by individuals outside gazetted
townships where the property is less than 100 acres.
k) Exchange of property necessitated by: incorporation,
recapitalization, acquisition, amalgamation, separation,
dissolution or similar restructuring involving one or more
companies which is certified by the Cabinet Secretary to
have been done in the public interest
l) Transfer of investment shares by a body exempted under
Paragraph 10 of the First Schedule
m) Transfer of investment shares by retirement benefits
scheme registered with Commissioner (this does not include
foreign registered retirement schemes)
Does Capital Gains Tax apply on Long Term Leases?
It does apply on long term leases.
In some countries they differentiate short term and long term
leases and how CGT applies.
What Happens When A Loss Is Made?
Capital losses are deductible against Capital gains in the year
of income the losses are made and if not exhausted may be
carried forward and deducted from capital gains in subsequent
years of income - Section 15(3)(f) of the Income Tax Act The 4
year limitation for carrying forward of losses is applicable.
A taxpayer may apply for extension of the period for carrying
forward of losses upon expiry of the 4 years. The application will
be considered by the Commissioner and a recommendation
made to the Cabinet Secretary.
What Is The Comparison With Other Countries?
Uganda – 30%; - Gains from sale of shares in a private limited
liability company
Tanzania – 10% (Residents), 20% (Non-Residents) - Gains on
sale securities is taxed. Exempts sale of shares listed on the Dar
es Salaam Stock Exchange
Rwanda – 30% - Exempt capital gain on secondary market
transactions on listed securities
South Africa – Capital gains from sale of shares is taxable.
RIPLEY’S BELIEVE IT OR NOT! MUSEUM
NIAGARA FALLS,
ONTARIO, CANADA
No, there is nothing wrong with this picture, this
is exactly how the museum of Ripley’s Believe It or
Not! looks like. If you want to visit it, it is located in
Canada, and inside it, you can encounter some of
the weirdest things found on earth.
THE CHURCH OF HALLGRIMUR
(REYKJAVIK, ICELAND)
This amazing building is a Lutheran Cathedral located in
Iceland’s capital city, Reykjavik. It is 74.5 metres (244 ft)
tall, its construction process started in 1945 and ended in
1986. It is said to resemble the basalt lava flows of Iceland’s
landscape.
4
Kenya Property Developers Association... Development brings Development!
OVERVIEW ON KPDA ACTIVITIES
1 st KPDA CEO BREAKFAST FORUM HELD ON
WEDNESDAY 18 th FEBRUARY 2015 AT THE
NAIROBI SERENA HOTEL
OVERVIEW ON KPDA ACTIVITIES
LEFT TO RIGHT: Grace Njoroge of Panda Development Ltd, a KPDA Premium Member; Mucai Kunyiha, Master of Ceremony and KPDA Vice Chairman; Dr.
Laila Macharia from the KPDA Board listens to the proceedings; Patricia Waithera, Business Development Manager - Collaboration Engineering Solutions
and Products (CESP) – Kenya; Jessie Rodrigues, General Manager at East Africa Security Options who were sponsors at the event.
L-R; Humphrey Kinyua (Assa Abloy Ltd), George Wachiuri (Optiven Ltd), Michael Mburugu (PKF Kenya), James Ojee (Kenya Revenue Authority), Hamish
Govani (Chairman KPDA), Mick Murphy (Viva Africa Consulting), Mwenda Thuranira (Director - KPDA), Mucai Kunyiha (Vice Chairman – KPDA), Jesse
Rodriguez (East Africa Security Options Ltd) and Jeremy Holley (East Africa Security Options Ltd).
Nairobi: On 18th February 2015, The Kenya Property
Developers Association organised a consultative
meeting that was well attended by property industry
players to discuss the re-introduction of Capital Gains
Tax and its implementation. The speakers/panellists at
the forum were:
- James Ojee – Actg. Deputy Commissioner –
Technical Support, Kenya Revenue Authority
- Michael Mburugu - Partner, PKF Kenya
- Mick Murphy – Partner, Viva Africa Consulting
- Kenneth Njuguna – Advocate, Anjarwalla &
Khanna Advocates
The forum was very well attended with over 75 KPDA
members participating.
KPDA would like to thank Assa Abloy Ltd and East
Africa Security Options Ltd who were sponsors of
the event.
LEFT TO RIGHT: Jeremy Holley (right), Managing Director, East Africa Security Options (event sponsors) confers with a KPDA member; Some of the
participants during the session.
LEFT TO RIGHT: Guests share a light moment during the breakfast; Irene Wanjiku, CEO Rexe Roofing Products Ltd, a KPDA Member; Humphrey Kinyua,
Sales and Marketing Manager at Assa Abloy Ltd who were sponsors at the event; Clive Davis, Fund Manager at KPDA’s partner organization the Business
Advocacy Fund gives a briefing.
EXTREME LEFT: Members
during the plenary session.
RIGHT TOP: George Wachuiri (left) shares a word with Mwenda
Thuranira of KPDA.
RIGHT: The panel takes questions during the plenary session.
Left-Right; George Wachiuri, James Ojee, Michael Mburugu,
Kenneth Njuguna and Mick Murphy.
Kenya Property Developers Association... Development brings Development!
LEFT: Michael Mburugu
of PKF Kenya (left) and
James Ojee from the Kenya
Revenue Authority.
Kenya Property Developers Association... Development brings Development!
6 7
KPDA MEMBER PROFILE
KPDA MEMBER PROFILE
DEVELOPER PIONEERS DELIVERY OF AFFORDABLE BRICK AND MORTAR
HOMES FOR FAMILIES WITH INCOMES STARTING AT KSH 40,000 PER MONTH
Riverview is a 1,000 home mixed use estate in
Athi River.
Athi category home prices start at Ksh 1.6m for
a one bedroom home.
Tana category homes with enhanced finishes
start at Ksh 3.2m for a two bed.
Why should just the wealthy be able to
buy a home? This is the central question
the team at Karibu Homes posed
themselves. Their goal is to make home
ownership affordable for the majority
of hard working urban families and it
seems they may have found an answer
to their question. With the launch of
their new Riverview community, they
have brought home prices down to as
little as Ksh 1.6m.
At prices like this, the dream of home
ownership could eventually become
a reality for millions of Kenyans. This
was quickly spotted by the crowds of
interested buyers queuing up outside
Karibu’s stand at the recent Kenya Homes
Expo at KICC. In just 4 days roughly half
of the 80 early release homes were
snapped up by interested buyers.
What have these early buyers got for their
money? The homes are of traditional
brick and mortar construction in a
variety of typologies ranging from 1 to
3 bedroom apartments in 3 to 5 storey
blocks. Karibu Homes also believes in
Karibu Homes Riverview - Tana Blocks.
community, as Managing Director, Ravi
Kohli, says: “a home is the focus of family
life so in addition to providing a modern
and secure environment, with security
facilities, water storage and boreholes,
street lighting and cabro roads, we
will also be providing a shopping
centre, nursery school and playground,
basketball courts and community centre
- all the necessary infrastructure and
facilities for the Riverview community to
flourish.”
The well known adage goes “there
are three things that matter most in
property: location, location, location”.
Karibu Homes Riverview is located in
Athi River, 1km up the Muthongoni
Road from the Mombasa Road.
As the name suggests, the estate
sits on a bank of the Athi River and is
overlooked by the Lukenya Hills. There
are numerous residential developments
in the neighbourhood, all of which are
higher priced.
Athi River itself is a key area of focus for
Vision 2030’s development of Nairobi
Metropolitan, with the government
facilitating urban spread from Nairobi
centre along the Mombasa Road to Athi
River. The developers believe this area is
set for considerable growth and it has
already changed susbtantially in recent
Karibu Homes Parktel Limited
P.O.Box 40063-00100, Nairobi, Kenya
info@karibuhomes.com
www.karibuhomes.com
Tel: +254-0705 151515
years. According to Hass Property Index
the average price of a home in Athi River
is now Ksh 6.9m, up 28% in just two
years.
Karibu Homes has managed to achieve
low prices in a popular, growing location
through scale and segmentation.
“Although lower prices mean lower
returns per home, they also mean we
reach a much larger market.
By constructing over 1,000 homes we are
able to spread costs over a large number
of homes and achieve economies of
scale that smaller developments cannot
achieve,” says Mr Kohli.
Karibu Homes has segmented its homes
into two categories to meet the different
requirements of customers: Athi and
Tana homes. Its Athi homes, comprising
1, 2 and 3 bedroomed apartments have a
more basic standard of finish that allows
the developer to keep prices low and
gives the buyer the option to upgrade
finishes at their leisure in the future.
Its Tana homes, comprising 2 and 3
bedroomed homes are aimed at those
looking for a higher quality. They have
enhanced finishes with tiled floors
throughout and fitted cupboards. Prices
start at Ksh 3.2m for the 2 bedroomed
version.
Creating affordable housing is not
just about the price of the home, it is
also about access to finance for what
is inevitably the most expensive thing
most of us will ever buy. Karibu Homes
has been working with traditional
providers of mortgage finance to enable
this. “In addition,” explains Mr Kohli,
“many Kenyans in our target market, who
have a household income of Ksh 40,000
to 140,000 per month, have access to
alternative funding. Some SACCOs,
home buying co-operatives, company
schemes, chamas and pension funds
provide access to loans at interest rates
ranging from 4% to 12%. This can have a
significant impact on affordability.”
Co-Founder, Irfan Keshavjee, who also
runs the well known White Rose chain of
dry cleaners, says Karibu Homes’ vision is
to help change the urban landscape of
Kenya by lowering the first rung of the
property ladder so that it is within the
reach of the majority of urban families.
“Most people dream of owning their
own home, we want to turn this dream
into a reality for as many people as
possible.”
Karibu Homes brings together a
multinational group of developers
and investors dedicated to providing
hard working families with affordable,
well-constructed homes in thriving
communities. The company is backed
by Blue Haven Initiative, a large scale US
impact fund, MDHI, one of Delhi’s biggest
property development companies, and
other experienced property investors
from the UK and Kenya.
Dipank Sharma, Chairman of Karibu
Homes and Managing Director of
MDHI, who deliver mega real estate
projects in India, notes that the
demographics favour the sector. With
over half the population aged 18 or
less and projections indicating that half
the population will be urban by 2030,
the migration to urban centres, which
are the best source of employment,
will continue. Nairobi and its environs
will benefit from this. Elaborating, Mr
Sharma says “the spread of urbanization
from Nairobi to Athi River reminds me
of what happened in Delhi. We took
advantage of this to make a success of
our business in India and our research
tells us that Kenya will boom over the
next decade, so I am keen to help this
happen.”
For more information:
Visit www.karibuhomes.com or Call 0705 151515
Karibu Homes Riverview - Athi 3 Beds Blocks E & F in progress.
A BETTER HOME. A BETTER LIFE.
Athi River 1, 2, 3 BEDROOM HOMES from Ksh 1.6 Million
Call our agent Fortress Consulting
Tel. 020 258 5020 or 020 210 5724
Mob. 0727 586323 or 0786 586323
info@karibuhomes.com
www.karibuhomes.com
8 9
KPDA MEMBER PROFILE
KPDA MEMBER PROFILE
Our Mission
To provide our clients with precise engineering solutions and products
that meets international standards and is environmentally friendly.
Water Technologies
Our portfolio consists of both domestic and commercial projects and we are currently market leaders in the water solutions industry.
Our major projects in Kenya including but not limited to:
Two Rivers Development Project (Centum) – Northern Bypass, Nairobi
Enashipai Resort & Spa – Naivasha
Sarova Hotels - Lion Hill Camp, Nakuru
GEMS Cambridge International School - Karen
Garden City Retail and Residential Mall – Thika Road
The HUB Karen Shopping Mall – Karen
ABOUT CESP Kenya Limited
CESP is a Kenyan based and owned firm that specializes in water
technologies - drinking Water Purification, Waste Water Treatment
solutions and Bulk Steel Water Storage Tanks; Solar Energy - Solar
Photovoltaic Systems, Solar Water Heating Systems and Street Lighting
Systems.
CESP Vision
To be the leading engineering solutions provider of choice in Africa.
Our competitive advantage of great quality systems, local expertise on installation and maintenance allow us to be the undisputed
market Leaders. CESP offers assistance with design, engineering and construction as well as 24/7 tech support, plant startup
commissioning and operator training. CESP will custom design any project to your specific needs.
We provide water solutions that ensure clean safe drinking water, bulk durable water storage tanks for easy access by communities
and water treatments systems enabling recycling of sewage water used for affordable irrigation by communities. Commercial and
residential home units recycle water thereby cutting costs of water used outside the home by over 50%.
CESP provides water Purification and filtration systems for commercial and domestic/office use. Under Domestic /office, CESP
provides the 6-stage Reverse Osmosis purification system that turns normal tap/borehole water into 100% pure drinking water by
removing all salts, bacteria and viruses from the tap/borehole water.
A: CESP Wastewater Treatment Systems
The Jet commercial waste-water treatment plant allows for the safe treatment of
waste-water of large scale & residential developments.
CESP treat the waste water collected by use of bacteria, whose purpose is to feed on the waste.
These bacteria need oxygen for survival, hence we have technology that ensure that the
levels of oxygen are high in the water. Hence the name EXTENDED AERATION WWTP.
This water is esp. useful in Landscaping and general maintenance subsequently lowering
service charges.
The sizing of the plants is from 4000 gallons/day-to the clients required size.
Reverse Osmosis is a treatment process for the removal of all dissolved solids and bacteria
to provide totally pure water by pressurization through semi permeable Membrane.
Tel: 0202509854 / 0715-281537 / 0712627593
Email: info@cespkenya.com / Website: www.cespkenya.com
B: CESP Water Purification Systems
C: CESP Water Storage Systems
The Jet commercial waste-water treatment plant allows for the safe treatment of
waste-water of large scale & residential developments.
CESP treat the waste water using the EXTENDED AERATION process. Which Involves the use
of bacteria, whose purpose is to feed on the waste.These bacteria need oxygen for survival,
hence we have technology that ensure that the levels of oxygen are high in the water.
This water is useful in Landscaping, irriagation and general maintenance; subsequently
lowering service charges.
The sizing of the plants ranges from 4000 gallons/day-to the clients required size.
Reverse Osmosis is a treatment process
for the removal of all dissolved solids
and bacteria to provide 100%pure
water by pressurization through semi
permeable Membrane.
The under sink reverse osmosis system
has been designed for quick, simple
installation and maintenance. It is
useful for domestic and small-scale
applications.
Benefits of Commercial system include:
Expandable capacity, automation thus
less human dependence, Low running
costs and Chemical free purification
making them highly applicable for
large residential developments and
community initiatives.
The Pioneer steel water tanks
are made from hand-picked
steel of the highest quality
and have a long life polymer
coating on the inside of the
tank walls and on both sides
of the base.
On the inside, the tanks have a liner (AQUALINER® water storage liner is
certified to ANSI/NSF 61, NSF Certified Drinking Water Components, for
quality water) which ensures strength; flex resistance, abrasion
resistance, chemical resistance, water proofing and leak proof.
The tanks can be constructed in modules of 6,000- 2.66 million litres and
are designed to suit rural or commercial applications.
CESP Solar Energy Systems
A: Solar Photovoltaic Systems
They are a safe, reliable, low-maintenance
source of solar electricity that produces no
on-site pollution or emissions.
B: Solar Water Heating Systems
They are of the Open Loop thermo syphon
type with the water flow circulating through
the collectors and being stored in the tank
ready for use. They are effective and robust
products designed for many years of trouble
free operation with a 5 year guarantee to
demonstrate the product quality.
C: Solar Photovoltaic Systems
Use a solar panel to harness renewable
electricity from the sun and stores this energy
in batteries. The pole holding the LED
streetlight also holds the solar panel
and other components.
Location: 2nd Floor, ABC Bank Building Daresaalam Road, Industrial Area, Nairobi, Kenya.
10 11
NCA WOMAN CONTRACTOR OF YEAR AWARDS 2014 NCA WOMAN CONTRACTOR OF YEAR AWARDS 2014
Kenya Property Developers Association... Development brings Development!
Kenya Property Developers Association... Development brings Development!
12 13
NCA WOMAN CONTRACTOR OF YEAR AWARDS 2014
THE EAST
AFRICAN
PROPERTY
INVESTMENT
SUMMIT
KPDA PARTNERSHIPS
KPDA COLLABORATES WITH
THE AFRICA GRI 2015 SUMMIT
Africa GRI 2015 21-22 April Johannesburg, South Africa
The East Africa Property
Investment (EAPI) Summit is the
leading commercial property
event for discussion and
networking centred around the
growing real estate sector in East
Africa.
This year’s EAPI event will be
held on the 15th to the 16th
of April at the prestigious Villa
Rosa Kempinski Hotel in Nairobi,
Kenya. The EAPI Summit focuses
on the opportunities created
by the overwhelming and
sustainable real estate growth
and structural changes witnessed
in the region over the past
decade.
The EAPI Summit provides a
valuable opportunity to interact
with the best real estate minds
in the business. Delegates get
an unrivalled perspective of real
estate investment, development
and management in East Africa
from the highest caliber of
speakers and delegates active on
the region.
Whether through informative
networking sessions, vigorous
debates or hands-on site tours,
the EAPI Summit provides
the perfect opportunity to
understand and engage in the
latest commercial property
trends!
We encourage all our members
to make their reservations.
Please note that up to date KPDA
Members will receive a special
discounted rate.
Africa’s most senior real estate investment meeting
The Global Real Estate Institute is a global club of leading investors, developers and
lenders active in real estate. For the last 17 years, we have been bringing together the
world’s CEOs, Heads of Real Estate & Chairmen for informal discussions where they
engage and brainstorm the latest trends of the market, and leaving each event with
confirmed purpose and new partners.
Over 100+ co-chairs in the program including:
• Hakeem Belo-Osagie, Chairman, Etisalat, NIGERIA
• Bonang Mohale, Chairman Africa, Shell, SOUTH AFRICA
• Ronald Chagoury Jr., Vice Chairman, South Energyx - Eko Atlantic City , NIGERIA
• Israel Kaboga, Group Chairman & CEO, Nile Investment Group, USA
• Faisal Khan, Managing Director - Real Estate Investments, Abraaj Group, UAE
• Luis Zhengyi, Executive Director, China-Africa Development Fund, CHINA
• Roland Agambire, Group Chairman, AGAMS Group of Companies , UAE
• Hakeem Ogunniran, Managing Director, UACN Property Development, NIGERIA
• Victor Sodala, CEO, Pylos, ZAMBIA
• W. Britt Gwinner, Head of Housing Finance-Financial Institutions Group, IFC - SSA, KENYA
• Louis Deppe, Director Real Estate, Actis, SOUTH AFRICA
• Frans Van Der Colff, Head of Africa & International, Fruit & Veg City, SOUTH AFRICA
• Al Karim Hamir, Chairman & Managing Director, Prime Assets, TANZANIA
• Jameel Verjee, Founder & Chief Executive, Diar Capital, UAE
• Johan Van Der Walt, Real Estate lead in Africa/NAMET, Unilever, UK
• Warren Schultze, CEO, Eris Property Group, SOUTH AFRICA
• Jonathan Jackson, Chairman, Lordship Africa, KENYA
Over 16+ discussions including:
• East Africa : Is Kenya still Africa’s success story? And how to move to the next level
• Equity Markets: appetite of foreign investors, asset availability
• Debt Market: which banks are lending and what do they want to see from developers?
• Lusophone Africa: are Angola and Mozambique the new jewels in the Africa crown?
• Hotels & Hospitality: where are the new frontier of development in Southern, East and
West Africa?
• Residential: Where are residential projects booming in Eastern Africa?
• Offices: can returns be maintained amidst the relentless expansion?
• Retail & Logistics: Retail revolution happening in East Africa?
Connect - Build lasting relationships – Find new partners
“Africa GRI allows international investors to explore the new opportunities in Sub-
Saharan African markets” - Carlo Matta, CEO, Laurus Development Partners, Ghana
KENYA PROPERTY DEVELOPERS ASSOCIATION
KPDA Official Industry
Partner with Africa GRI
Kenya Property Developers Association... Development brings Development!
Kenya Property Developers Association... Development brings Development!
14 15
DIRECTORY OF KPDA MEMBERS
DIRECTORY OF KPDA MEMBERS
KPDA MEMBERS IN GOOD STANDING AS AT 27 TH FEBRUARY 2015 KPDA MEMBERS IN GOOD STANDING AS AT 27 TH FEBRUARY 2015
PREMIUM MEMBERS
CORPORATE MEMBERS
VISHWA DEVELOPERS LTD (Property developer)
DG Oasis, South C, Muhoho Road, South C
P. O. Box 76268 - 00508 NAIROBI. Tel: 0722-206 971
TRIDENT ESTATES LIMITED (Real estate developer)
Fortis Tower - 10th floor,Woodvale Grove westlands
P. O. Box 17592 - 00500 NAIROBI
Tel: 0737-040 992/ 0700-002 222
Website: www.tridentestates.co.ke
BROLL KENYA (Property development)
Fedha Plaza, Mezzanine Floor, Junction of Parklands and
Mpaka Road, Westlands
P. O. Box 52727 - 00100 NAIROBI
Tel: 0712-668 448/020-374 3066/0736-922 999
Website: www.broll.co.ke
PROPERTY MANAGERS LTD (Real estate managers)
Rhapta Road, Opposite Liza Apartments
P. O. Box 44342 – 00100 NAIROBI. Tel: 0728-762 370
KENYA BUILDING SOCIETY LTD (Property developer)
Rehani House, Junction of Kenyatta Avenue and Koinange
Street. P. O. Box 30088 - 0100 GPO NAIROBI.
Tel: 020-3262129/ 3262390
Email: customer.service@housing.co.ke
Website: www.housing.co.ke
PANDA DEVELOPMENT COMPANY LTD / ABERDARE GOLF
RESORT (Property Developer)
Aberdare Hills Golf Resort, Naivasha
P. O. Box 46235 - 00100 NAIROBI.
Tel: +254 7160590 643/ 0723-030721/ 0717-705975
Website: www.aberdarehills.com
REXE ROOFING PRODUCTS LIMITED
(Building materials manufacturer)
Menelik Lane, Kirichwa Road. P. O. Box 17225 - 00100 NAIROBI.
Tel: 0721-227 080 / Website: www.rexeroofing.com
PHATISA GROUP/PAN AFRICAN HOUSING FUND
(Real estate private equity fund)
7th Floor, Longonot Place, Kijabe Street, NAIROBI.
Tel: 0700-152 324 / 020-2327657. Website: www.phatisa.com
REDCORAL PROPERTIES LTD (Property consultants)
4th Floor, Maksons Plaza, Parklands Road
P. O. Box 39542 – 00623 NAIROBI. Tel: 0734-244 713
Website: www.coralpropertykenya.com
KARIBU HOMES (Consulting firm)
30 Kyuna Crescent. P. O. Box 40063 - 00100 NAIROBI.
Tel: 0722-837 800/0705-151 515/020 4440661/2/3
Website: www.karibuhomes.com
ANJARWALLA & KHANNA ADVOCATES (Law firm)
ALN House, Eldama Ravine Gardens , Off Eldama Ravine Road
P. O. Box 200 - 00606 NAIROBI. Tel: 020 3640000 /0703-032 000
Website: www.africalegalnetwork.com
SUPERIOR HOMES KENYA (Unique lifestyle development firm)
Greenpark Estate (past Top Tank) Athi River, Mombasa Road
P. O. Box 15992 - 00100 NAIROBI.
Tel: 020-3579100/1 / 0724-253 267
Website: www.superiorhomes.co.ke
MENTOR GROUP LIMITED
(Real estate consultancy and project management)
Rhapta Road, New Rehema Building, 6th Floor, Westlands P. O.
Box 66331 – 00800 NAIROBI.
Tel: 020-3744903/4 /2324991/ 0722-955 014
Website: www.mentorgroup.co.ke
MENTOR MANAGEMENT LIMITED (MML)
(Construction, project and development management firm)
2nd Floor, The Courtyard, General Mathenge Drive, Westlands
P. O. Box 62899 - 00200 NAIROBI.
Tel: 020-2324991/3744903/4 / 0706-579 790
Website: www.mentor-ea.com
MANRIK GROUP (Real estate firm)
Off Raphta Road. P. O. Box 45403 - 00100 NAIROBI.
Tel: 020-4442100/2
NATUREVILLE HOMES
(Real estate developer)
Lenana Road, next to the Nigeria High Commission
P. O. Box 47369 - 00100 NAIROBI
Tel: 0722-888 271. Website: www.natureville.net
STEEL AFRICA LIMITED (Building materials manufacturer)
Empress Office Suites, 3rd Floor, Ring Road Parklands P. O. Box
62337- 00200 NAIROBI.
Tel: 0726-859 613 / 020-2122043/4
PEDIMENT DEVELOPERS (Property developer)
Century Apartments, Rose Avenue - Ngong Road.
P. O. Box 15509 NAIROBI. Tel: 0722-984 191
KOTO HOUSING KENYA (Housing and building firm)
Koto House (Formely the People Printing House), Mombasa
Road (Mlolongo, Machakos County)
P. O. Box 52494 - 00200 NAIROBI. Tel: 0789-808-991
Website: www.kotohousingkenya.co.ke
PARAGON ARCHITECTS (Design and architectural firm)
1st Floor.33 Fricker Road. Illovo Boulevard Sandton 2196
Johannesburg South Africa
P. O. Box 2621 Houghton 2041SOUTH AFRICA.
Tel: +271-14823781. Website: www.paragon.co.za
SJR PROPERTIES LTD / SKY MANAGEMENT
(Property developer)
Off Enterprise Road, Road C
P. O. Box 38027 - 00623 NAIROBI. Tel: 0722-259344
Website: www.sjr-properties.com
J.D MURIMI & CO. ADVOCATES (Law firm)
2nd Floor, Electricity House, Harambee Avenue
P. O. Box 54052 - 00200 NAIROBI.
Tel: 020 – 2227701
OAK PARK PROPERTIES LTD (Real estate developer)
Vision Plaza, Mombasa Road. P. O. Box 10104 - 00100 NAIROBI.
Tel: 0734-342 326/020-2712654
Website: www.oakparkltd.com
AFRICA METRO CAPITAL/SCION REAL ESTATE LTD
(Advisory and investment firm)
Block A, 1st Floor, Regnum Center Methodist Ministries Center
Oloitoktok Rd, Valley Arcade. P. O. Box 10075 – 00100 NAIROBI.
Tel: 020-3862333 or 020-2329412
Cell: 0733-271 198 ,E-mail: admin@scionreal.com
Website: www.scionreal.com
CAMELOT CONSULTANTS/LANTANA HOMES LTD
(Consulting firm)
Brookview Apartment, Elgeyo Marakwet Road. P.O. Box 14533
– 00800 NAIROBI. Tel: 0721/734 - 322 322 / 020-3872161
KZANAKA LIMITED (Land developer)
Cooper Centre, Kaptagat Road off Waiyaki Way
P. O. Box 40596 – 00100 NAIROBI. Tel: 0736-514 852
Website: www.coopers.co.ke
CHIGWELL HOLDINGS LIMITED (Property developer)
Maksons Plaza, 4th Floor Parklands Rd, Westlands (Next to
Victoria Courts) P. O. Box 39542 – 00623NAIROBI.
Tel: 0733-608 053/0733-603 982
BAMBURI CEMENT LTD (Building materials manufacturer)
6th Floor, Kenya Re Towers, Upperhill
P. O. Box 10921 - 00100 NAIROBI.
Tel: 020-2892529/ 0717-581 420 / Website: www.lafarge.co.ke
BRITAM (Insurance and asset management firm)
Britam Centre, Junction of Mara and Ragati Road, Upperhill
P. O. Box 30375 - 00100 NAIROBI.
Tel: 0703-094 000 / 020-2833000 / Website: www.britam.co.ke
KINGS DEVELOPERS LTD (Real estate developers)
Royal ICT Business Park, Mombasa Road
P. O. Box 18215 - 00500 NAIROBI.
Tel: 020-2044619/20
Website: www.kingsdevelopers.com
QUESTWORKS LTD (Design building firm)
Block C, First Floor, Suite 10, Crawford Business Park, State
House Road P. O. Box 18724 - 00500 NAIROBI.
Tel: 0712-227 388 / 0724-583 351
Website: www.questworks.co.ke
OPTIVEN LIMITED (Real estate company)
Barclays Plaza Loita Street 14th Floor Wing A
P. O. Box 623 - 00600 NAIROBI.
Tel: 0706-618 141 / 0716-605 410.
Website: www.optiven.co.ke
BAHATI RIDGE DEVELOPMENT LTD (Property developer)
Off Gatanga Road, Thika. P. O. Box 47739 - 00100 NAIROBI.
Tel: 0717-049 644 / 0737-149 644 / 020-815 5380
Website: www.bahatiridge.co.ke
NANYUKI MALL LTD (Shopping mall)
Kenyatta Highway, Nanyuki. P. O. Box 42093 - 00100 NAIROBI
Tel: 0735/720-510 000/0721-486 365/020-2726870
Website: www.nanyuki.com
AMS PROPERTIES LTD (Property developer)
Eden Square, 6th Floor, Block 1, Westlands Road
P. O. Box 10713 - 00100 NAIROBI
Tel: 020 3660000/ 0722-828 501/ 0733-612 241/
0737-267267/ 0715-267 267
Website: www.amsproperties.co.ke
BLUELINE PROPERTIES LTD (Property developer)
Wendy Court Unit 10, David Osieli Road, Westlands
P. O. Box 18689 - 00500 NAIROBI.
Tel: 0722-446 055/020-4441195
Website: www.blueline.co.ke
COUNTY HOME DEVELOPERS LTD/ RUNDA VIEW LTD
(Property developer)
New Muthaiga Shopping Mall 2nd Floor, Office 9,
Thigiri Ridge Road off Peponi Road.
P. O. Box 14283 - 00800 NAIROBI.
Tel: 0702-523 116 / 0722-670 320
MY SPACE PROPERTIES LTD (Real estate developer)
Mombasa Trade Centre (Southern Wing), 5th Floor
P. O. Box 2405 - 80100 MOMBASA.
Tel: 0722-442 077/0734-555 556
Website: www.myspace.co.ke
CYTONN INVESTMENTS LTD Advisory and investment firm
3rd Floor Liaison House, State House Avenue
P. O. Box 20695 – 00200 NAIROBI.
Tel: 020 - 4400420 / 0714 830 744.
Website: www.cytonn.com
ACORN GROUP LIMITED (Real estate development)
2nd Floor, Acorn House, James Gichuru Rd, Lavington, Nairobi
P. O. Box 13759-00100 NAIROBI. Tel: 020-2592671 or
020-2592672. Website: www.acorngroupafrica.com
KNIGHT FRANK KENYA LIMITED
(Commercial and residential property managers)
Lions Place, Ground Floor, Waiyaki Way. Dropping Zone: No. 65
Revlon Plaza. P. O. Box 39773- 00623NAIROBI.
Tel: 020-4239000/4440174-6. Website: www.knightfrank.co.ke
COLLABORATIONS ENGINEERING SOLUTIONS &
PRODUCTS (Engineering firm)
ABC Bank Building, Dar es Salaam Rd, Industrial Area P. O. Box
7607, 00100 NAIROBI. Tel: 0713-944 769 / 0715-281 537
Website: www.cespkenya.com
LIMOJADE MANAGEMENT LTD (Property developer)
4th Floor, Soin Arcade, Westlands Road, Westlands
P. O. Box 5322 - 00506 NAIROBI.
Tel: 0722-512 381 /020-2690804/5 / 0700-326 762
Website: www.limojade-management.com
TATU CITY LTD (Urban developer)
Off Ruiru, Kiambu Rd, Ruiru P. O. Box 2739 - 00621 NAIROBI.
Tel: 020-5131000 / 0708-555 555. Website: www.tatucity.com
CORAL PROPERTY INTERNATIONAL LTD
(Property consultants)
Peponi Plaza, Office No: B-0, Peponi Road
P.O. Box 38568 – 00623 NAIROBI. Tel: 0722-513 301
Website: www.coralpropertykenya.com
AXIS REAL ESTATE LIMITED
(Property agents and valuers)
The Rahimtulla Tower | No 8, Upper Hill Road
P. O. Box 10730-00100 GPO NAIROBI.
Tel: 020-2724848/0722-203 032
Website: www.axisre.co.ke
Kenya Property Developers Association... Development brings Development!
Kenya Property Developers Association... Development brings Development!
16 17
UN HABITAT
CLIMATE AND ARCHITECTURE
CLIMATE AND ARCHITECTURE
UN HABITAT
The environment and its climatic
conditions profoundly affects human
development and behaviour. Man
responds to buildings, landscapes,
trees and other elements as much as
he responds to social experience. Each
environment or site exhibits uniqueness
of weather statistics and characteristics.
A shelter or a building is designed to
protect its occupants from the adverse
conditions of the weather.
As we choose our clothing according to
the seasons, buildings’ envelop should
be designed to respond to its microclimate.
Green building design strategies
address each of the following climatic
data: temperature, solar radiation,
relative humidity, rainfall and wind.
The way buildings are planned and
designed has a direct implication on
the energy consumption, hence they
have a strong potential to negatively
or positively impact two important
elements of everyday life: our
environment and energy bills.
Their contribution to climate change
mitigation on greenhouse gas emission
is directly related to the way they are
designed in relation to local climate,
the site specific characteristics and
the embodied energy of the entire
construction process.
Other characteristics that influence the
buildings include: topography, presence
of water bodies, surrounding buildings,
vegetation etc. The influence of the sun
should be understood and respected
by designers of passive solar buildings
in which the sun’s free energy is used
in the building for lighting and heating,
but will not interfere with the occupants’
comfort.
The modern building seems however
not to take into consideration the
relationship between man and his
behavioural response to the external
climatic elements. They have been
increasingly designed as copies of
western standards with no consideration
to the local climate thus the modern
design separates the inside from the
outside as much as possible, increasingly
relying on mechanical devices and
systems to do much of the work.
The first step in creating comfort
and thermal delight in buildings is to
understand the relationship between
the climate and our need for shelter.
Buildings are exposed to a wide range
of weather parameters throughout the
year. This influences the way they should
be designed in relation to their location.
Climatic regions in Kenya
Climatic conditions in Kenya differ from
region to region and are divided into five
main distinct climatic regions:
1. Hot and Humid: It is considered as
a 0-100km wide strip from the ocean
coast. In the hot season, the temperature
is about 32°C; The temperature lowers as
we move into the mainland and can drop
to 28° C; Average annual precipitation:
900-1250mm of rain; Solar radiation
is around 5.0-5.4 kWh/m2. It lowers as
you move away from the coastline to
4.5 kWh/m2; Humidity is approx. 80%
around the coastline and 65%-72% as it
moves inland. (Mombasa, Malindi and its
environs)
2.Hot Semi-arid/Savannah: The altitude
ranging from 500m-1000m in semiarid
areas and rises up to 1500m in the
savannah plains. In the hot season, the
temperature are about 29°-31° C and
can rise up to 33° C in semi-arid areas;
The rainfall ranges from 500mm-750mm
in semi-arid areas to 1000-1500mm
in savannah regions; Solar radiation is
around 6.3 kWh/m2; Humidity: 65%
but can go as low as 42% in parts of the
savannah plains. (Isiolo, Thika, Machakos,
Mavoko)
3. Hot Arid: These include areas with
altitudes ranging from 0m-500m. In
the hot season the temperature are
about 36° C; Average Annual Rainfall:
0-500mm; Solar radiation is around
7.0 kWh/m2; Humidity: 40%. (Garissa,
Turkana, Marsabit)
4. Highland / Upper highland: This
climate describes areas with altitudes
above 1500m. In the hot season, the
temperature are about 26°-27° C;
Average Annual Rainfall: 1250mm+;
Solar radiation is around 6.0-7.0 kWh/
m2 but can drop to 5.3 kWh/m2 in very
high altitude areas; Humidity: 65%-80%.
(Nairobi, Eldoret, Kitale, Meru, Nakuru)
5. Lake Region: This climatic describes
a 0-25km wide strip along lake shores.
In the hot season the temperature are
about 28°-29° C; Average Annual Rainfall:
1200mm+; Solar radiation is around 5.5
kWh/m2; Humidity: 60%-70%. (Kisumu,
Kakamega, Homabay)
Given these varied climatic zones, it is
therefore clear that different regions
require specific design solutions. There
is no model solution that can be applied
across the board.
Well-designed buildings according to
the different climatic conditions in the
country can passively respond to the
adversity for thermal comfort by using
its positive values (such as allowing in
air movement for natural ventilation
and daylight for natural lighting) and
keeping away the adverse elements
(such as protection against solar
radiation).
Climate is an essential consideration in
the process of architectural design and
has a major effect on the performance of
a building and its energy consumption.
Knowledge of climatic conditions
therefore helps building professionals to
develop appropriate responsive designs
and consequently select suitable
materials that meet climatic constraints.
Considering the importance and
scale of the construction industry, this
represents an important step for climate
change adaptation and mitigation.
A good integration of climatic data
associated with environmentally sound
building design measures could save up
to 70 % of energy in buildings.
NOTES:
1. Thermal comfort is described as
a person’s condition of mind which
expresses satisfaction with the indoor
and outdoor environment. Factors
affecting thermal comfort include air
temperature, radiation, air velocity,
humidity, clothing and metabolic rate
(activity)
2. The bioclimatic chart shows
temperature vs humidity and can be
used to determine human thermal
comfort and design strategies required
for a particular climatic zone.
Wind Rose
A wind rose diagram shows the
wind directions in a particular
location. This is useful to create
natural ventilation
EXAMPLE: GUIDELINES FOR BUILDING IN NAIROBI
Climatic Zone: Highlands
CLIMATIC CHARTS
Temperature
Maximum and minimum temperatures are key factors for thermal comfort.
Solar Radiation
The intensity of the solar radiation influences the building heat gains.
Relative Humidity
Maximum and minimum relative humidity determine the dryness of the
atmosphere and the feeling of warmth or cold.
Kenya Property Developers Association... Development brings Development!
Kenya Property Developers Association... Development brings Development!
18 19
UN HABITAT
CLIMATE AND ARCHITECTURE
EXAMPLE: GUIDELINES FOR BUILDING IN NAIROBI
Climatic Zone: Highlands
Climatic Charts
KENYA PROPERTY DEVELOPERS ASSOCIATION
The Developer’s
Digest
A KPDA PUBLICATION
Rainfall
Monthly rainfall influences the relative humidity and is useful for designing
water rain harvesting systems.
Sun Path
The sun path of a particular
location is crucial for designing
proper sun shading devices.
According to the climatic data for Nairobi,
a green building should observe:
• Building orientation with main
façades facing North-South.
• Natural ventilation should be
provided making use of the prevailing
winds from NE-E direction.
• Natural lighting in all the rooms but
preventing solar radiation will reduce
energy consumption.
• Protection of windows from direct
solar light but allowing some solar
radiation to enter the building in the
colder season from May to September
will enhance passive heating.
• High thermal capacity walls (made of
stones or bricks) are very appropriate
to assist passive heating during the
colder season.
This article was prepared by KPDA’s partner - UN-Habitat’s Urban Energy Unit - under the programme “Promoting Energy
Efficiency in Buildings in East Africa.” The programme aims of mainstreaming energy efficiency (EE) measures into housing
policies, building codes, and building practices in East Africa and to achieve considerable avoidance of GHG emissions as a
result of improved building practices.
UN-Habitat is also offering free technical advice on upcoming projects and designs to ensure that they are sustainable and
affordable.
For further information on other climatic zones, go to http://www.eebea.org/
For further information on the technical advice, contact ruth.maina@unhabitat.org
MEDIA PACK 2014/2015
The Developer’s Digest is a bi-monthly
e-newsletter supported and published
by the Kenya Property Developers
Association and designed by Insync
MEDIA Limited. It targets the various
players in the property industry in
Kenya and highlights a wide spectre
of issues affecting our members, other
professionals, manufacturers and both
private and public sector players in the
industry. We seek to encourage positive
dialogue and development.
The Developer’s Digest is filled with
current industry news, updates on
the Association’s ongoing activities,
views, interesting facts and specialty
advertising messages.
WHY ADVERTISE THROUGH THE
DEVELOPER’S DIGEST?
We offer a unique, flexible, converged
media mix that helps advertisers
communicate their message effectively.
This includes our website, e-newsletter,
social media platforms and focused
events (such as our training and
networking forums as well as our social
interactive sessions).
We keep track of our readership and
are sensitive to emerging issues in the
industry.
It is a free and interactive online
publication.
It is a free downloadable Mobile App
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We at The Developer’s Digest will work
with you to create the most effective
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consumer every direction they look.
After all, the distance between you and
your consumer, is no longer a straight
line.
The Developer’s Digest will also offer
you advertising on our website with a
direct link to you and your company’s
website. Please contact the KPDA
Senior Administrator, Elizabeth Mwangi
for further information on admin@
kpda.or.ke.
RATES PER TWO MONTH PERIOD
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DIGITAL INPUT/MECHANICAL
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specific measurements for the desired advert and NOT a flat image PDF
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ONLINE ADVERTISING TERMS & CONDITIONS:
Payment is due within 15 days from when an invoice is issued. Banner ads may be pulled if account
balances are not paid by the due date. As space is limited, banner ads are sold on a first come, first
served basis. All advertising is accepted subject to the publisher’s approval upon determination
that the products or service advertised are in keeping with The Developer’s Digest’s philosophy.
Kenya Property Developers Association... Development brings Development!
Kenya Property Developers Association... Development brings Development!
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