The Developer's Digest, July - September 2019 Issue

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july - september 2019 ISSUE

TOPIC OF THIS ISSUE:

The Challenging Kenyan

Economy: Prospects in Real Estate


April - june 2019 ISSUE

Focus on Policy

July - September 2019 ISSUE

18

Message from the CEO 4

Have Your Say 14

Gallery of Events 18

KPDA Register of Members 22

NCCG Building Permitting Approvals 29

20

KPDA secretariat

Chief Executive Officer

Elizabeth Mwangi – Oluoch

Fatima Flats, Suite 4 B,

Marcus Garvey Road

Off Argwings Kodhek Road, Kilimani Area

P. O. Box 76154 - 00508, Nairobi, Kenya

Tel: +254 737 530 290

+254 725 286 689

Email: ceo@kpda.or.ke

Website: www.kpda.or.ke

Finance and Administrative Officer

Vincent Mwango

Membership Relations Officer

Cynthia Wakio

Communications Intern

Eric Oyier

Research Support Intern

Stephen Kigweru

TOPIC OF THIS ISSUE:

January - march 2019 ISSUE

The Importance of Effective

Urban Planning and

Infrastructure Development

TOPIC OF THIS ISSUE:

International Construction

Market Survey 2019

KPDA BOARD MEMBERS

design and layout

Eric Ng’ang’a

c: +254 725 873601

e: ericstevo@gmail.com

Palkesh Shah

Chairman

Ken Luusa

Vice Chairman

Mucai Kunyiha

Immediate Past

Chairman

Hamish Govani

Board Director

Anne Muchiri

Board Director

Caroline Karugu

Board Director

Ravi Kohli

Board Director

Gikonyo Gitonga

Board Director

Caroline Kihara

Board Director

Alex Waiharo

Board Director

The Challenging Kenyan Economy: Prospects in Real Estate


4

www.kumkangkind.com

Message from the CEO

“Life is what happens to us while

we are making other plans”

Total Formwork Solutions Provider!

Welcome to the third issue of our

e-newsletter, The Developer’s Digest: July

- September 2019.

In this issue, we have featured an article by MML

Turner & Townsend on their ICMS Report. The report

has interesting construction statistics.

Our theme for this issue, “The Challenging Economy:

Prospects for the Real Estate Sector” is borrowed

from the theme for our 2019 Annual Conference

scheduled for 29th October 2019.

2019 real estate trends have been characterized by

banks using stringent guidelines during the vetting

process before granting Kenyans loans to invest in

property, a rise in the price of property, an increase

in taxes to allow for Government to meet its policy

goals and a continued increase in the cost of building

materials and construction in general. These trends

were the driving force behind organizing a forum

that could allow for discussions on mitigating these

negative trends, surviving and thriving in 2020.

Welcoming Message to New Members

We would like to welcome the newest members to the KPDA fold:

• Adwaa Alkhalil Development Company Ltd

• African Developers Groups for Constructions &

Investments

• MW & Company Advocates LLP

• REITS Association of Kenya (RAK)

• 14Trees Kenya Ltd

We have also included an article by the Town

and County Planners Association of Kenya on the

significance of town planning.

Please share your feedback on this publication and

help us improve on our content.

I look forward to hosting you at our 2019 Annual

Conference.

Merry Christmas!... in advance

Elizabeth

• Prissy Apartments Ltd

• Balala & Abed Advocates

• Regent Management Ltd

• Villasoft Ltd

• Commonwealth Housing Mutual Help Group

• Untapped Water Ltd Kenya

The Challenging Kenyan Economy: Prospects in Real Estate

Aluminum Formwork

Lightweight

Average 23kg/m2

Not dependent on tower crane

Manual transportation by labors

Monolithic construction

Single concrete pour for all structures

Time saver

Average 4 to 7 days cycle per floor

Repetition

Average 150~300 repetition per panels

Environment friendly

High scrap value

Headquarters

Kumkang Kind BLDG.,

16, Hyoryeong-ro 60-gil,

Seocho-gu, Seoul, Korea

Tel. 82-2-3415-4154

kkkorea@kumkangkind.com

Kumkang Kind East Africa

Office 5, 4th Floor, Tower 1, The Mirage

Chiromo Rd., Westlands

Nairobi, Kenya

Tel. 254-2-0250-0882

kkafrica@kumkangkind.com


6 7

Focus on Policy

Financing Affordable

Housing Using Real Estate

Investment Trusts

Focus on Policy

Louise Mathu

Advocate of the High Court of Kenya specialised in Corporate & Commercial

Law with particular expertise in the Energy and Extractives sector

After the re-election of President Uhuru

Kenyatta, he realigned his government’s

agenda for his second term towards

achieving four main goals. The goals were referred

to as the Big Four Agenda. The ‘Big Four Agenda’ is

meant to focus the government’s energy towards:

enhancing manufacturing; achieving food security

and nutrition; universal health care coverage and

providing affordable housing to the populace. The

ultimate goal of the ‘Big Four Agenda is to incentivize

economic growth so that jobs are created, which in

turn enables young people to cater for their basic

needs and improve their general welfare.

Article 43(1) (b) of the Kenyan Constitution provides

that every person has the right to accessible and

adequate housing. A similar provision exists in the

International Covenant on Economic, Social and

Cultural Rights captured aptly in Article 11.1 as

follows

The States Parties to the present Covenant recognize

the right of everyone to an adequate standard of

living for himself and his family, including adequate

food, clothing and housing, and to the continuous

improvement of living conditions. The States Parties

will take appropriate steps to ensure the realization

of this right, recognizing to this effect the essential

importance of international co-operation based on

free consent.

Without disputing the essence of the legal provisions

above, the reality is that achieving housing for every

citizen is a daunting task, especially for governments

in Africa. The government must however, realize this

right for every citizen even if through progressive

realization. In a famously quoted South African

case, the court pondered in the following manner as

regards the right to housing;

“I am conscious that it is an extremely difficult task for

the state to meet these obligations in the conditions

that prevail in our country. This is recognised by the

Constitution, which expressly provides that the state

is not obliged to go beyond available resources or

to realise these rights immediately. I stress however,

that despite all these qualifications, these are rights,

and the Constitution obliges the state to give effect

to them. This is an obligation that courts can, and in

appropriate circumstances, must enforce”

In Kenya, according to government data, the current

housing deficit is 1.9 million. It also estimates that

Kenya has an annual housing demand of 250, 000

with an estimated supply of 50, 000 p.a (80% deficit)

targeting the high-end market with only 2 percent of

formally constructed houses a targeted to the lower

income segments of the market, which account for

the largest share of demand.

Through the 2018 Finance Act, the government

introduced section 31A in the Employment Act, which

set out the mechanism for deducting the Housing

Fund Levy. For persons not formally employed, the

Housing Fund Regulations provided for voluntary

contributions of Kenya Shillings Two Hundred (KES

200) per month. This initiative was expected to

generate about Sh57 billion a year, from about 2.5

million salaried Kenyans, with additional revenue

expected to come from the voluntary contributors.

It will cost an estimated KES 1.5 trillion to fully

fund the Affordable Housing project. Currently,

the government has not been able to make the

deduction from employees due to a court order

barring the same.

The cause of the gap both on the supply side and

demand side is lack of financing. Developers lack

cheap credit to build affordable homes affordable

while buyers lack funding to buy homes. The most

common financing options for developers include:

Bank loans; Savings; Equity raise and contributions

by buyers in off plan developments. For the buyers

the most common mode of purchase is through cash

(whether off plan or built) with financing through

mortgages limited to those in formal employment

and earning approximately above Kes 300,000/=

monthly. The limited penetration of mortgages in

Kenya is therefore of no surprise.

In this Article, we will explore Real Estate Investment

Trusts (REITs) as one of the ways that can be used by

developers to finance the construction and increase

the take up of affordable houses by lowering the

cost of credit subsequently lowering the cost of the

housing units.

The Challenging Kenyan Economy: Prospects in Real Estate

The Challenging Kenyan Economy: Prospects in Real Estate


8 9

Focus on Policy

Focus on Policy

A REIT is a real estate financing vehicle in the form

of a collective investment scheme where an investor

owns rights or interest in the form of units and earns

returns from income or capital gains.

The REIT can either be an income REIT (I-REIT)

or a development REIT (D-REIT). An I-REIT holds

developed property and derives returns from

it in the form of rental income while a D-REIT

holds undeveloped property with the intention of

developing and then disposing it. The CMA also

recognizes REITs that are compliant with Shariah

law. While the development of real estate projects is

not prohibited under Islamic law, Islamic REITs focus

mainly on what enterprises are allowed to undertake

their business in the real estate projects and the

management of the REITs’s finances.

As a result, a REIT manager is required to conduct

a compliance test before investing in real estate

to ensure it is shariah compliant and that nonpermissible

activities are not conducted in the estate

and if so, then on a minimal basis.

The Capital Markets Act and The Capital Markets

(Real Estate Investment Trusts) (Collective

Investment Schemes) Regulations, 2013 (“the

regulations”) govern the establishment, licensing,

operation, listing (if applicable) and the dissolution

of all forms of REITs in Kenya. Under the regulations

a person (referred to as a promoter), shall not

establish a REIT nor issue REIT securities unless that

person applies to the Capital Market Authority (CMA)

for, and obtains an authorization.

A REIT can be terminated in any of the following

ways:

a) By revocation of authorization by CMA;

b) Through expiry of the term of the trust;

c) Through termination upon application by the

Trustee to CMA; and

d) The Trustee, REIT Manager or any REIT securities

holder may apply to Court for an order to wind up

the operations of the authorized REIT scheme.

In practice, REITs work in the following manner; let us

take the case of a D-REIT, a property developer owns

a piece of land and intends to develop a housing

project on it but lacks the funds. The developer

then sets up an unincorporated common law trust

which is divided into units. The establishment of the

trust is through a trust deed. The trust must have

a trustee (typically a bank), a REIT manager and a

promoter (the developer). The trustee and the REIT

manager must be persons who are licensed by the

CMA. A promoter can be the REIT manager if they are

licensed as such.

Benefits of REITs to Affordable Housing

a) Listed REITs can be traded like stocks. This is

attractive to investors who seek to diversify their

investment portfolios to earn higher returns.

This drives savings and investments from

retail investors to real estate hence providing

developers with the much needed cheap capital

for infrastructural spending.

b) Listed REITs are regulated by the CMA and the

trustees, REIT managers and promoters are

required to adhere to high standards of corporate

governance, financial reporting and information

disclosure.

c) REITs provide regular and consistent income to

investors. The Regulations require that I-REITs

disburse to unit holders as dividend at least 80 %

of income generated in a given year. This avoids

the excessive retention of earning of witnessed

in some listed companies, depriving investors of

income.

d) REITs provide an alternative source of funding for

developers to raise money to supplement existing

funds or to entirely fund developers.

e) REITs enables developers to access property

management professionals at a relatively

cheaper cost. REITs are by law required to

have managers, who bring in their expertise in

property management to help projects source

clientele and boost income.

f) Tax benefits. For REITs that are registered with

the CMA and have sought exemption from income

tax from the Kenya Revenue Authority, their

income or capital gains are exempt from tax.

The REITs are also exempt from Stamp Duty for

transfers of beneficial interest in property from

one trustee to another trustee or to an additional

trustee and transfer of beneficial interest in

property in exchange for units in the REIT. There

are proposals in the Finance Bill 2019 to amend

section 20 of the Income Tax Act to exempt

REITs’s investee companies from income tax. The

Income Tax Act currently only exempts REITs from

income tax without extending the exemption

to subsidiaries and investee companies, which

are wholly owned by REITs. Hence, when a REIT

invests in a company (investee), the income of

that company would first be subjected to 30

percent corporation tax.

Shortcomings of REITs

a) Slow levels of growth are experienced with REITs.

This is because the REITs are required to return

up to 80 % of their returns from real estate project

to the unit holders. This money would have been

used to grow the REITs’s portfolio of assets.

b) The tax benefits do not trickle down to the unit

holder level. While the REIT is largely exempt

from tax, the unit holders are not, their dividends

are taxed. The distribution of the profits to the

unit holders would be subject to withholding

tax (“WHT”) at the rate of 5 % for residents and

10 % for non-residents. According to KRA all

distribution of interest income and dividends by

REITs are liable to WHT. However, it is argued by

some tax experts that this interpretation is not

correct as the distribution by the REIT to unit

holders is neither interest income nor dividends.

The unit holders do not advance any credit to

the REIT. Also, since the REIT is structured as a

trust rather than a company, it is incapable of

distributing dividends as section 2 of the Income

Tax Act defines dividends as “…. any distribution

by a company to its shareholders with respect to

their equity interest in the company”.

c) Costs of setting up a REIT. There are substantial

costs involved in the set-up of REITs especially

in engaging professionals such as transactional

advisors and lawyers. However, once the REIT

is set, the cost of running the trust reduces

substantially.

d) REITs are prohibited from engaging in the

provision of mortgages or any other form of

lending or debt finance. However, a D-REIT may,

where the DREIT has developed or constructed

housing or other real estate assets, provide: a

mortgage; other forms of secured loan; secured

finance; or any form of lending or finance through

a progressive purchase mechanism.

Can Reits be a Funding Solution to

Affordable Housing?

Rather than approach financing institutions for

funding at punitive interest rates, housing projects

developers can set up REITs and access funding at

much lower interest rate. The housing units can then

The Challenging Kenyan Economy: Prospects in Real Estate

The Challenging Kenyan Economy: Prospects in Real Estate


10 11

Focus on Policy

be sold or leased to the unit holders at preferential

terms and at a rate much lower than the market

rates. This arrangement would enable potential

home owners participate in the project from the

ground up while at the same time enable developers

make a profit margin on the sale or steady income

from the management of the REIT.

REITs present an opportunity for developers to

exploit in Affordable Housing with the government’s

help especially in the provision of land and bulk

infrastructure and provision of tax incentives to the

developers. The two costs account for a large portion

of the high costs associated with housing projects.

It is essential that to achieve a social goal such

as provision of affordable housing to low income

earners, partnership with the government or other

development partners must be emphasized. Given

the strong regulation of REITs, the government

through agencies like the National Social Security

Fund and the Office of the Permanent Secretary

National Treasury, can guarantee developers of

offtake of the REIT units. The government can also

encourage the participation of Developers in the

offering of Tenant Purchase Schemes by extending

items such as Mortgage Interest Relief to mortgages

granted by a D-REit or a Private Developer subject

to meeting certain standards. Given how successful

Tenant Purchase Schemes have been for the National

Housing Corporation and the National Social Security

Fund this will allow private developers, who are now

with the challenging market, seeking ways to offload

units for instance through deferred payment plans

which go past the lapse of construction with much

needed relief.

Has this worked elsewhere? In the United States,

Housing Partnership Equity Trust (HPET) is a private

REIT; it is a social venture REIT established in 2012.

HPET invests in multi-family properties for low-and

moderate-income residents. It is a privately owned

partnership of 12 non-profit members—which

enables members to act quickly in comparison to

for-profit buyers when looking to purchase rental

properties, without needing to assemble complex

financing packages. HPET invests in medium-tolarge

multi-family properties, including non-core,

secondary real estate markets. It specifically targets

unsubsidized affordable rental housing properties

that are in good condition and cash flow positive.

Other examples exist in the United Kingdom too.

How would developers make money in the REITs

targeting affordable housing? The regulations

provide that a manager of a D-REIT may apply to the

CMA to convert the D-REIT into an I-REIT. The CMA

will require the REIT manager to demonstrate that

the D-REIT shall be able to meet the requisite asset

requirements for an I-REIT upon conversion. The

REIT manager must also show that the proprietary

interest of not less than half the assets held by the

D-REIT are held as long-term leases; or if the long –

term leases tenure is not applicable to the real estate

asset then it must have been producing income for

at least six months. For developers who wish to exit

once the housing development is complete, this

conversion would provide an opportunity for a faster

and more efficient exit. In conventional projects,

not established under a REIT Scheme, the developer

would only be able to exit by selling all the individual

units. For developers who wish to stay on post

completion of the housing project, the I-REIT would

offer an opportunity for a continuous flow of revenue

from the income derived from the project.

In conclusion, there exists many opportunities

for developers in the affordable housing space.

Second, investment in affordable housing would be

much easier to finance and more profitable if the

developers were to utilize the REITs option. REITs are

highly regulated by the CMA and the Trustee and the

Manager have a continuous obligation to provide

periodic reports to unit holders. REITs enjoys many

tax incentives as it derives tax benefits by virtue of it

being a trust as well as the specific benefits accorded

to REITs in Kenya

ABOUT THE AUTHOR

Louise Mathu is an Advocate of the High Court of Kenya

specialised in Corporate & Commercial Law with particular

expertise in the Energy and Extractives sector. She is

passionate about providing timely and practical legal

solutions to meet client needs in their area of business

operation. She has diverse experience from both private and

public sectors with her key areas of expertise being; Public

Private Partnerships (PPPs), Construction & Engineering

Law, Infrastructure & Projects, Project Finance, Legal &

Regulatory Compliance, Corporate Governance and Mergers

& Acquisitions.

KN Law LLP, a firm specialising in Corporate, Commercial

and Tax Law has been a member of Kenya Property

Developers Association since 2016

Kumkang Kind East Africa Ltd

1) Briefly introduce your company

KUMKANG KIND CO. LTD is a South Korean

company that manufactures, supplies and

trains in the use of Aluminum Formwork for the

construction of mass affordable housing. With

over 40 years of experience in over 30 countries

across the world, our African branch, Kumkang

Kind East Africa, is based in Nairobi, Kenya

and have supplied our construction system to

various low-cost and luxury residential projects

here, as well as in Algeria, Libya, and Ghana. We

are currently engaged in the implementation

of the Unity West project in Tatu City by Unity

Homes and are looking forward to several other

affordable housing and student accommodation

developments.

2) How long have you been a member of KPDA?

KUMKANG KIND EAST AFRICA has been a member

of KPDA since December 2017.

Karibu Homes

1) Briefly introduce your company

Karibu Homes is an affordable housing developer

focused on providing homes to hard working

Kenyans. We have a project with homes

ready for occupation in Athi River and off-plan

opportunities in Kiambu. Prices from Kshs. 2.81M

2) How long have you been a member of KPDA?

We have been members of KPDA since 2011.

We have been active on the Public Policy and

Advocacy and the Membership and Outreach

Committees.

Testimonial

3) As a member, what are the top 3 benefits you

have experienced?

• To be part of the largest active network in the

Kenyan construction industry.

The tremendous boost in visibility as a

relatively new construction technology

provider in Africa.

The opportunity to engage with key decision

makers in government and the private sector

at a high level.

4) Which of KPDA events are a value for you? CEO

Breakfast Forums, Training Workshops, Koroga

Events or the Annual Conference?

Kumkang Kind highly values and strives to

participate in all KPDA events in one way or

another. The Annual Conference has proven to be

exceptionally impactful to our business.

3) As a member, what are the top 3 benefits you

have experienced?

• Having a network of members across the

developers’ value chain from banks to

suppliers and agents

The opportunity to truly drive policy through

the activities of well attended committees

The CEO Breakfast Forums allow for real

updates and learnings on all aspects of the

developers’ eco-system

• All the events have given my firm and myself

as an individual undeniable value

The Challenging Kenyan Economy: Prospects in Real Estate

The Challenging Kenyan Economy: Prospects in Real Estate


12 13

A Message from our Partners

Town Planning -–

Sustainable Real Estate

Planning and Development

Overview

Town planning as a profession is focused on

overall planning and development of a town

or city in respect to regulating land use,

building development, transport and infrastructure

development. This regulation of land use and

development is effected through the preparation

of town/urban integrated development plans and

implementation enforcement using development

control tools. Indeed town planning has direct

impact on sustainable real estate development. Poor

town planning and weak development control leads

to unsustainable real estate development.

This paper is focused on identifying some key

town planning elements and how the same affect

By Mairura Omwenga,

Engineer/Town Planner, Chairman TCPAK

real estate investments. These key town planning

elements include – integrated development

plans, development site master plans, public and

stakeholder engagement; development permission;

construction supervision; property title registration;

and property maintenance.

Integrated Development Plans

Real estate development constitutes long term

investment of over 20-30 years. In any town or

city it is important an investor looks at the long

term town integrated development plan or town

masterplan that covers a period of 20-30 years.

The city development plans gives the broad policy

guidelines on the development of land and property

in various zones - housing, commerce/retail/office,

manufacturing industry etc. The law requires that

all and each town or city must have town integrated

development plan. The law has given the State/

Government the power to regulate the use of, interest

in and rights over any and all land in Kenya. The State

power is primarily provided for in the Constitution of

Kenya 2010, Article 66: Regulation of Land Use and

Property: 66(1) states – “The State may regulate the

use of any land, or any interest in or right over any

land, in the interest of defence, public safety, public

order, public morality, public health, or land use

planning”.

Nairobi city, for example, has just completed

the preparation of the 2015-2030 city integrated

development plan.

Project Site Development Master Plan

Any major real estate requires the development of

a site development master plan. A good site master

plan prepared by town planner in consultation with

architect and the engineer leads to better and higher

returns on investment in both the short and long

term. One such project, for example is Eagle Park

development in Runda Nairobi. For about 30-40

years, this 20 acre plot was wasted swampy site.

About 10 years ago and with proper site master plan,

the same site is now attractive upmarket housing

neighbourhood.

Public Participation and Stakeholder

Engagement

In real estate development, it is now constitutional

requirement and mandatory to undertake public

and stakeholder engagement. In undertaking any

building development, the immediate neighbours

must be consulted and even those in the wider area.

Failure to undertake effective public and stakeholder

engagement may lead to delay or total stoppage to

real estate development.

A town planner is extremely important in assisting

the developer undertake the required public and

stakeholder engagement.

Development Permission

Real estate investment requires development

permission or approval from the local city/municipal

board, county government and national government

departments. This development permission includes

approval of plans by the town planner, architect,

engineer and EIA expert. Actual construction works

will require approval and registration by the National

Construction Authority.

The process to obtain development permission from

various government departments can be lengthy and

time consuming. The town planner plays a central

role in the processing and obtaining development

permission from various government offices. In

Nairobi city, it takes on average 2-6 months to obtain

required approvals.

Construction Supervision

Town planners play an important role as part of the

construction supervision team. The town planner

in a construction site will advise on plot coverage,

building line, building height, building density and

property access.

A Message from our Partners

Property Title Registration

In many cases, real estate development requires

registration of title to property. This may cover a wide

range of issues- flats in residential and commercial

office block, land sub-division, change of use,

renewal/extension of lease etc. In this process of

property registration, a town planner is extremely

useful both in the national and county government

levels.

Property Operation and Maintenance

A town planner ensures effective operation

maintenance of real estate investment. A town

planner should use appropriate development control

tools to ensure that property value is maintained and

even enhanced in the short and long term. Where

there are weak development control measures,

property value can quickly drop and not sustain

long term returns on investment. Good examples in

Nairobi where property returns have quickly dropped

due to weak development control measures include

Nairobi CBD, Upper Hill, and Buru Buru estate

About Town and County Planners Association of Kenya

(TCPAK)

The Association is a corporate body comprising town,

county, and country planners, and/or urban and regional

planners and/or physical planners. The Association

promotes professional development, education, public

awareness, sustainable development and the protection

and conservation of the built and natural environment.

TCPAK

Block 2, White Court,

Galana Road, Kilimani

Nairobi.

Tel: (+254) 721 345 611, 725 028 572

Email: info@tcpak.com or tcpakassociation@yahoo.com

The Challenging Kenyan Economy: Prospects in Real Estate

The Challenging Kenyan Economy: Prospects in Real Estate


14 15

Have Your Say

Creating Commercially Viable

Projects from the Onset

By Turner & Townsend

We work across 8 regions

We work across 8 regions

North America

$117.3m

Revenue

649

People

UK

$323.6m

Revenue

2,554

People

Have Your Say

Asia

$35.2

Revenue

520

People

Latin America

$13.8m

Revenue

104

People

Europe

$39.0m

Revenue

299

People

Africa

$18.6m

Revenue

269

People

Middle East

$60.5m

Revenue

346

People

Australia and

New Zealand

$70.7m

Revenue

468

People

As MML Turner a & Townsend partnership we act as one business

globally

As a partnership we act as one business globally

5

Turner & Townsend is an independent

professional services company specialising

in programme management, project

management, cost and commercial management

and advisory across the real estate, infrastructure

and natural resourcessectors.

With 108offices in 45countries, we draw on our

extensive global and industry experience to manage

risk while maximising value and performance during

the construction and operation of our clients’ assets.

Our Local Business

Nairobi based MML Turner & Townsend has for the

past 32 years built up a reputation as the largest

and most respected project and cost management

consultancy in East Africa.

110 45 Countries

Offices

North America

Calgary

Chicago

Denver

Edmonton

Fort Worth

Houston

Los Angeles

Minneapolis

Mountain View

Nashville

New York

Ottawa

Phoenix

San Francisco

Seattle

Tampa

Toronto

Vancouver

Washington DC

MML Turner & Townsend

Latin

America

Buenos Aires

Bogotá

Lima

Mexico City

Rio de Janeiro

Santiago

São Paulo

UK

Aberdeen

Bath

Belfast

Birmingham

Bristol

Cambridge

Cardiff

Edinburgh

Glasgow

Leeds

London

Manchester

Newcastle

Nottingham

Reading

Sheffield

Teesside

Africa

Cape Town

Dar es Salaam

Durban

Gaborone

Harare

Johannesburg

Kampala

Maputo

Nairobi

Europe

Amsterdam

Atyrau

Basel

Berlin

Dublin

Frankfurt

Hamburg

Istanbul

Krakow

Madrid

Middle East

Abu Dhabi

Dammam

Doha

Dubai

Muscat

Riyadh

Milan

Moscow

Munich

Paris

Rome

St Petersburg

Stavanger

Stockholm

Vienna

Warsaw

Zurich

Australia and

New Zealand

Adelaide

Auckland

Brisbane

Cairns

Canberra

Christchurch

Darwin

Gold Coast

Melbourne

Nadi

Perth

Sydney

Townsville

Asia

Bangalore

Beijing

Ho Chi Minh City

Hong Kong

Jakarta

Kuala Lumpur

Macau

Manila

Mumbai

New Delhi

Seoul

Shanghai

Shenzhen

Singapore

Tianjin

Tokyo

6

The Challenging Kenyan Economy: Prospects in Real Estate

The Challenging Kenyan Economy: Prospects in Real Estate


16 17

Have Your Say

International construction

market survey 2019

By Rewel Kariuki , Director -Cost Management

Turner & Townsend

The data comes from our involvement

on projects in East Africa

The data comes from our involvement on projects in East Africa

Industrial Commercial Hotels

• Mitchel Cotts Cargo

Handling facility at JKIA

• Unilever Omo Factory

Nairobi

• KBL Bottling Deport in Nyeri

• Tissue Culture and

molecular laboratory for

coffee Research Foundation

• Swiss sport Air Cargo

handling facility at JKIA

• Bidco warehouse and plant

• Garden City Business park

The Junction Mall

• Barclays Diani Shopping

Centre

• Village Market Expansion

phase II

• Capital Centre Mall

• Phased refurbishment of over

100 Branches for KCB Bank

• Refurbishment of Caltex

Petrol Stations

Have Your Say

• Safari Park Hotel

• Mount Kenya Safari

Club

The Sarova Stanley

Hotel

• Southern Sun

Mayfair Hotel

• Windsor Golf

&Country Club

• Sweet waters tented

camp in Nanyuki


Hospitals

Agha Khan Hospital, Nairobi


Commercial – Fit -out

Sage

• Aga Khan Hospital, Uganda

• Philips

• Gertrude's Children's Hospital

• Jaguar Land Rover

• BMW

• CDC offices

MML Turner & Townsend

Global key highlights

Global key highlights

Residential

• Riverbank by Centum

• Pearl Marina, Uganda

• Mae Ridge Housing

• Riverside Park

• ISK staff Housing

Overview:

The annual survey of 64 markets revealing the

cost of building around the world. Drawing on

information from over £655bn of global real

estate investment

Audience relevance:

For those considering real estate construction

expenditure –the survey helps to identify the key

global trends and enables informed investment

decisions to drive the best return.

Companies and individuals who benefit from using

the data include:

• Companies investing in several locations

• Multinationals

• Investor developers

• Architects

Takeaway:

With our insight and data on the markets we

operate we can advise on the right tactics to deploy

to manage risks, control costs and capitalise on

opportunities in the set-up and delivery of major

projects and programmes.

26,000+

downloads

since the

launch

MML Turner & Townsend

The Challenging Kenyan Economy: Prospects in Real Estate

The Challenging Kenyan Economy: Prospects in Real Estate


18 19

Gallery of Events

Gallery of Events

KPDA Half Day Workshop

MML Turner & Townsend CEO Breakfast Forum

12th September 2019 12th September 2019

The Challenging Kenyan Economy: Prospects in Real Estate

The Challenging Kenyan Economy: Prospects in Real Estate


20 21

Gallery of Events

Gallery of Events

The Two Rivers KPDA Members Cocktail Event

KPDA CEO Morning Learning Session

22nd August 2019 30th July 2019

The Challenging Kenyan Economy: Prospects in Real Estate

The Challenging Kenyan Economy: Prospects in Real Estate


22 23

KPDA Register of Members

KPDA Directory of Members in Good-standing

as at 30th September 2019

KPDA Register of Members

PROPERTY DEVELOPERS

GOLDEN COMPASS LTD

17 Elm Cl, Aamersham HP65DD UK

P. O. Box 45404 - 00100 NAIROBI.

Tel: 0733 708 787

Email: rajmeet@yahoo.com

Website: www.goldencompass.co.uk

HASS CONSULT LTD

1st Floor, ABC Place, Waiyaki Way

P. O. Box 14090 – 00800 NAIROBI.

Tel: 0733 708 787

Website: www.hassconsult.co.ke

HERI HOMES PROPERTIES LTD

Devson Court Suites

P. O. Box 19061 - 00100 NAIROBI.

Tel: 0790 500 910

Website: www.herihomes.co.ke

HF DEVELOPMENT AND INVESTMENTS LTD

Rehani House, Corner of Kenyatta

Avenue and Koinange Street

P. O. Box 30088 – 00100 NAIROBI.

Tel: 020 3262000/3262248

Website: www.housing.co.ke

ACORN MANAGEMENT SERVICES LTD

2nd Floor, Acorn House

James Gichuru Road, Lavington

P. O. Box 13759 - 00100 NAIROBI.

Tel: 020 729 064/5/ 020 592 671

Website: www.acornholdingsafricacom

ADWAA ALKHALIL DEVELOPMENT

COMPANY LTD

Office B, Ground Floor, FCB Mihrab

Buildings, Lenana Road

James Gichuru Road, Lavington

P. O. Box 76444 - 00508 NAIROBI.

Tel: 0704 080 808

Website: www.acornholdingsafricacom

AFRICAN DEVELOPERS GROUPS FOR

CONSTRUCTIONS & INVESTMENTS

1st Floor, Jadala Place, Off Ngong Road

P. O. Box 9195 - 00100 NAIROBI.

Tel: 0777 400 407

Website: www.amazonprojects.co.ke

AHCOF INVESTMENTS (KENYA) LTD

4th Floor Morningside

Office Park, Ngong Road

P.O. Box 22592 – 00100 NAIROBI.

Tel: 0728 393 698/0703 815 287

Website: www.astoriakenya.co.ke

INFPAC LTD

HOME AFRIKA LTD

5th Floor, Penthouse 1, Morningside

Office Park, Ngong Road

P. O. Box 6254 - 00100 NAIROBI.

Tel: 020 2772000

Website: www.homeafrika.com

IJENGA VENTURES LTD

5B Rivaan Centre

Muguga Green, Westlands

P. O. Box 2384 – 00606 NAIROBI.

Tel: 0740 845 000

Website: www.ijenga.com

IMMENSITY HOLDINGS LTD

Suite B10, Surveyors Court,

Woodvale Grove, Westlands

P. O. Box 8836 – 00100 NAIROBI.

Tel: 0718 756 254

INFPAC LTD

3rd Floor Occidental Plaza,

P. O. Box 45288 – 00100 NAIROBI.

Tel: 0740 845 000

AMAZON PROJECTS LTD

3rd Floor, The Greenhouse,

Suite 18 Ngong Road

P. O. Box 1756 - 00100 NAIROBI.

Tel: 0722 718 520

Website: www.amazonprojects.co.ke

AMBOSELI COURT LTD

Savv Print Building, Mirema Road

P. O. Box 22350 – 00400 NAIROBI.

Tel: 0728 141 741

Website: www.amboselicourt.com

AMS PROPERTIES LTD

6th Floor Eden Square, Block 1,

Westlands Road

P. O. Box 10713 - 00100 NAIROBI.

Tel: 020 366 0000

Website: www.amsproperties.com

BAHATI RIDGE DEVELOPMENT LTD

Off Gatanga Road, Thika

P. O. Box 47739 – 00100 NAIROBI.

Tel: 020 8155380

Website: www.bahatiridge.co.ke

KARUME

HOLDINGS

LIMITED

BLUELINE PROPERTIES LTD

Wendy Court Unit 10,

David Osieli Road, Westlands

P.O. Box 2106 – 00606 NAIROBI.

Tel: 020 4441195

Website: www.blueline.co.ke

CAMELOT CONSULTANTS LTD

Brookview Apartment

Elgeyo Marakwet Road

P. O. Box 14533 – 00100 NAIROBI.

Tel: 020 387 2161

www.lantana-galu-beach.co.ke

CENTURY CITY PROPERTY LTD

3rd Floor VM Tower, The Village Market,

Limuru Road

P. O. Box 19 – 00621 NAIROBI.

Tel: 0701 066 144

Website: www.centurycitykenya com

CHERIEZ PROPERTIES LTD

Crater Automobiles Building,

Mombasa Road

P. O. Box 2149 – 00200 NAIROBI.

Tel: 020 2424240 /0780 242 401

Website: www.cheriez.properties

JABEZ PROPERTIES

Namanga Road Estate, Off Namanga

Road, Near Export Processing Zone (EPZ)

P. O. Box 23059 - 00604, NAIROBI.

Tel: 0722 788 578

Website: www.jabezproperties.co.ke

KAMHOMES INVESTMENTS LTD

Valley View Office Park, Limuru Road

P. O. Box 74509 – 00200 NAIROBI.

Tel: 0202 219 909

Website: www.kamhomes.com

KARIBU HOMES

30 Kyuna Crescent

P. O. Box 40063 - 00100 NAIROBI.

Tel: 0705 151 515

Website: www.karibuhomes.com

KARUME HOLDINGS LTD

3rd Floor, Cianda House,

Koinange Street

P. O. Box 30594 – 00100 NAIROBI.

Tel: 0772 099 340

CHIGWELL HOLDINGS LTD

4th Floor Maksons Plaza (Next to Victoria

Courts) Parklands Rd, Westlands

P. O. Box 39542 – 00623 NAIROBI.

Tel: 020 3752113/4

Website: www.chigwell.co.ke

CORAL PROPERTY INTERNATIONAL LTD

Peponi Plaza, Office No. B-0

P. O. Box 38568 – 00623 NAIROBI.

Tel: 020 3742854

Website: www.coralpi.com

CYTONN REAL ESTATE LTD

3rd Floor Liaison House,

State House Avenue

P. O. Box 20695 – 00200 NAIROBI.

Tel: 020 4400420

Website: www.cytonn.com

DAYKIO PLANTATIONS LTD

3rd Floor Liaison House,

State House Avenue

P. O. Box 20695 – 00200 NAIROBI.

Tel: 020 2215472

Website: www.daykio.com

KINGS DEVELOPERS LTD

2nd Floor Saj Ceramics Complex,

Opposite Cabanas Grounds, Embakasi,

Mombasa Road

P. O. Box 18215 – 00500 NAIROBI.

Tel: 020 044619/20

Website: www.kingsdevelopers.com

TO JOIN KPDA

KZANAKA LTD

Coopers Centre,

Kaptagat Road off Waiyaki Way

P. O. Box 40596 – 00100

Tel: 020 4452581/2/3

Website: www.coopers.co.ke

LASER PROPERTY SERVICES LTD

6th Floor, CPF House, Haile Selassie Avenue

Kaptagat Road off Waiyaki Way

P. O. Box 28938 - 00200

Tel: 0720 111 117

Website: www.laser.or.ke

DEWBURY LTD

DEWBURY LTD

2nd Floor, PurpleHaze Apartments

Kitale lane, Off Dennis Pritt Road

P.O. Box 12645 – 00400 NAIROBI.

Tel: 0737 676 767

www.purplehaze.co.ke

DUNHILL CONSULTING LTD

15 Hevea Court,

Eldama Ravine Road, Westlands

P. O. Box 1400 – 00606 NAIROBI.

Tel: 0786 386 445

Website: www.dunhillconsulting.com

ELM RIDGE LTD

Muthangari Drive

P. O. Box 14279 – 00800 NAIROBI.

Tel: 020 444 837

Website: erl@gathkenya.com

ELEGANT PROPERTIES LTD

8th Floor, Valley View Office Park

City Park Drive

P.O. Box 32705 – 00600 NAIROBI.

Tel: 0731 286 286

Website: www.elegantproperties.co.ke

LEO CAPITAL HOLDINGS LTD

Devson Court Suite Five, Hurlingham

P. O. Box 19061 - 00100 NAIROBI.

Tel: 020 4401313

Website: www.herihomes.co.ke

LORDSHIP AFRICA

Bishop Court, 4th Ngong Avenue

P. O. Box 47655 – 00100 NAIROBI.

Tel: 020 2714726

Website: www.lordshipafrica.com

MANRIK GROUP LTD

Off Raphta Road

P. O. Box 45403 - 00100, NAIROBI.

Tel: 020 444 2100

Website: www.manrikgroup.com

MEERA CONSTRUCTION LTD

3rd Floor, Krishna Plaza, Parklands

P. O. Box 22796 – 00400 NAIROBI.

Tel: 0733 726 750

Website: sgjeram@krishnagroup.co.ke

ENDLESS AFRICA LTD

Methodist Ministries Centre,

Oloitiktok Road, Lavington

P. O. Box 67136 - 00200 NAIROBI.

Tel: 020 3861134/5

ENKAVILLA PROPERTIES LTD

Trance Towers, 3rd Floor, Tsavo Road,

Off Mombasa Road

P.O. Box 14193-00800 NAIROBI.

Tel: 0788 303 030

Website: www.enkavilla.co.ke

FAIRDEAL DEVELOPMENT &

INFRASTRUCTURE LTD

1st Floor, Kelico Complex,

Mombasa Road

P. O. Box 4159 - 00506 NAIROBI.

Tel: 0777 100 050/0705 791 702

Website: www.fairdealproperties.biz

FEDHA (MANAGEMENT) LTD

17th Floor, Eco Bank Towers,

Muindi Mbingu Street

P. O. Box 45625 – 00100 NAIROBI.

Tel: 020 2222442/223776/213104

MLIMA

CONSTRUCTION

COMPANY LTD

MLIMA CONSTRUCTION LTD

Lillian House

P. O. Box 41821 - 00100 NAIROBI.

Tel: 0724 416 707

MML TURNER & TOWNSEND

2nd Floor, The Courtyard, General

Mathenge Drive, Westlands

P. O. Box 62899 - 00200 NAIROBI.

Tel: 020 232 4991

Website: www.turnerandtownsend.com

MUGUMO DEVELOPMENTS LTD

1st Floor Office Suites, Parklands Road

P. O. Box 45922 – 00100 NAIROBI.

Tel: 0701 488 907

NATUREVILLE HOMES

Symbion House, Ground Floor

Opposite The Hub, Karen

P. O. Box 47369 - 00100 NAIROBI.

Tel: 0731 558 553

Email: info@natureville.net

Website: www.natureville.net

The Challenging Kenyan Economy: Prospects in Real Estate

The Challenging Kenyan Economy: Prospects in Real Estate


24 25

KPDA Register of Members

KPDA Register of Members

NORCENT

PROJECTS LTD

NORCENT PROJECTS LTD

Nairobi West, Crossway Road 50

P.O. Box 11378 – 00400, NAIROBI.

Tel: 0722 722 072

Email: kd@norcentprojectsltd.com

OAKPARK PROPERTIES LTD

No. 46, Muthangari Drive,

P. O. Box 10104 – 00100 NAIROBI.

Tel: 0734 342 326

Website: www.oakparkltd.com

OPTIVEN LTD

14th Floor, Barclays Plaza Wing A,

Loita Street

P. O. Box 623 – 00600 NAIROBI.

Tel: 0702 831 083

Website: www.optiven.co.ke

PDM (KENYA) LTD

12th Floor, IPS Building, Kimathi Street

P. O. Box 58470 – 00200 NAIROBI.

Tel: 020-3316122

Website: www.pdmholdings.com

TILISI DEVELOPMENTS LTD

4th Floor, Maksons Plaza, Parklands Road

P. O. Box 39542 – 00623 NAIROBI.

Tel: 0714 845 474

Website: www.tilisi.co.ke

TRIDENT ESTATES LTD

10th Floor, Fortis Towers

Woodvale Groove Westlands

P. O. Box 17592 - 00500 NAIROBI.

Tel: 0700 002 222

Website: www.tridentestates.co.ke

TSG REALTY LTD

Ground Floor Acorn House

James Gichuru Road

P. O. Box 53927 - 00200 NAIROBI.

Tel: 0712 042 121/0724 771 067

Website: www.bridgeinteractive.co.ke/tsg/

TWO RIVERS DEVELOPMENT LTD

9th Floor South Tower, Two Rivers Mall,

P. O. Box 10518 - 00100 NAIROBI.

Tel: 020 228 6160

Website: www.centum.co.ke

PENTAGON PROPERTIES LTD

5th Floor, Empress Office Suites,

P. O. Box 2451 – 00606 NAIROBI.

Tel: 020 2498884

Website: www.pentagonproperties.co.ke

PIONEER HOLDINGS (AFRICA) LTD

6th Floor, Pioneer House, Moi Avenue

P. O. Box 20320 - 00200 NAIROBI.

Tel: 020 2221775

Website: www.pioneer-africa.com

PRISSY

APARTMENTS LTD

PRISSY APARTMENTS LTD

Highway Mall, Uhuru Highway

P.O. Box 5067 – 00506 NAIROBI.

Tel: 0722 121 313

REALUX HOLDINGS LTD

Universal Plaza, Kidfarmaco Area Kikuyu

P.O. Box 101276 – 00101 NAIROBI.

Tel: 0721 154 444

Website: www.realuxholdings.co.ke

UNITY HOMES LTD

Shanzu Gardens,

P. O. Box 933 – 00621 NAIROBI.

Tel: 0707 662 250

Website: www.unityhomes.co.ke

USERNAME INVESTMENTS

10th Floor, The Mirage Tower 3 and

6th Floor, International Life House

P. O. Box 66057 – 00800 NAIROBI.

Tel: 0725 000 222/0725 000 680

Website: www.usernameproperties.co.ke

REAL ESTATE MANAGERS / AGENTS

VAAL REAL ESTATE

4th Floor E11, WU YI Plaza,

Galana Road, Kilimani

P. O. Box 20227 - 00100 NAIROBI.

Tel: 0725 111 444 / 0790 554 433

Website: www.vaal.co.ke

VISHWA DEVELOPERS LTD

DG Oasis, South C, Muhoho Road

P. O. Box 76268 - 00508 NAIROBI.

Tel: 020 2461445

Website: www.dgpropertiesltd.com

WOOD PRODUCTS KENYA LTD

69 Enterprise Road

P.O. Box 18009 – 00500 NAIROBI

Tel: 0728 976 780

Website: www.woodproducts.kenya.co.ke

AXIS REAL ESTATE LTD

The Rahimtulla Tower, No 8,

Upper Hill Road

P. O. Box 10730 - 00100 NAIROBI.

Tel: 020 2724848

Website: www.axisre.co.ke

BROLL KENYA LTD

Ground Floor, Westlands Office Park -

Acacia Block, Waiyaki Way, Westlands

P. O. Box 52727 – 00100 NAIROBI.

Tel: 020 3742766

Website: www.broll.co.ke

KNIGHT FRANK KENYA LTD

Ground Floor, Lions Place, Waiyaki Way

P. O. Box 39773 - 00623 NAIROBI.

Tel: 020 4239000

Website: www.knightfrank.com

ROZANA PROPERTIES LTD

Ndemi Road, Kilimani

P. O. Box 3291 - 00100 NAIROBI.

Tel: 0728 562 578

www.rozanaproperties.co.ke

SAYANI INVESTMENTS LTD

3rd Floor, IPS Building,

P. O. Box 41648 – 00100 NAIROBI.

Tel: 0726 481 702

SHERRY BLUE PROPERTIES LTD

3rd Floor, Imperial Court, Westlands Road

P. O. Box 46402 – 00100 NAIROBI.

Tel: 020 37445935

Website: www.imarangroup.com

SHREEJI DEVELOPMENT LTD

No. 18 Lenana Road

P. O. Box 101511 - 00101 NAIROBI.

Tel: 0720 488 715

Website: www.mavokopark.co.ke

PAM GOLDING PROPERTIES LTD

Fortis Tower, 10th Floor

Woodvale Groove, Westlands

P. O. Box 66365 - 00800 NAIROBI.

Tel: 020 237 0090

Website: www.pamgolding.co.ke

REGENT MANAGEMENT LTD

Regent House - UpperHill Road

P. O. Box 79487 - 00200 NAIROBI.

Tel: 0202 724 545

Website: www.regent-mgt.com

SHABAHA SOLUTIONS LTD

Valley View Office Park

City Park Dr, Nairobi

P. O. Box 20 - 00627 NAIROBI.

Tel: 0729 487 529

Website: www.shabaharesidences.com

TYSONS LTD

First floor, Jubilee Insurance House

Wabera Street NAIROBI.

Tel: 0722 207 403

Website: www.tysons.co.ke

SIGIMO ENTREPRISES LTD

6th Floor Rhapta Road, New Rehema

Building, Westlands

P. O. Box 66331 – 00800 NAIROBI.

SJR PROPERTIES LTD

Off Enterprise Road, Road C

P. O. Box 38027 – 00623 NAIROBI.

Tel: 020 2146813

Website: www.sjr-properties.com

SLOK CONSTRUCTION LTD

Turi Complex Opposite Southern Sun

Mayfair Hotel, Mogotio Rd

P.O. Box 39244 - 00623, NAIROBI.

Tel: 0755 871888

Website: www.slokconstruction.co.ke

SOHAIL DEVELOPMENTS LTD

Lower Kabete Road, Westlands

P. O. Box 47656 – 00100 NAIROBI.

Tel: 020 2680611/0722 206 013

Website: www.sohaildevelopments.com

LAW FIRMS

ANJARWALLA & KHANNA ADVOCATES

3rd Floor, The Oval, Junction of Ring Road

and Jalaram Road Westlands,.

P. O. Box 200 - 00606, Sarit Centre NAIROBI.

Tel: 0203 640 000/ 0703 032 000/0203 640 201

Website: www.africalegalnetwork.com

BALALA & ABED ADVOCATES

FCB Mihrab Building,

16th Floor Lenana Road

P. O. Box 50929 - 00100 NAIROBI.

Tel: 041 227 766

Website: www.balala-abed.com

COULSON HARNEY LLP

5th Floor, ICEA Lion Centre, West Wing,

Riverside Park, Chiromo Road

P. O. Box 10643 - 00100 NAIROBI.

Tel: 020 2899000

Website: www.bowmanslaw.com

TO JOIN KPDA

SOMA PROPERTIES LTD

4th Floor, Sarit Centre Westlands

P.O. Box 14474 – 0800 NAIROBI.

Tel: 0203 747 408/9

Website: www.saritcentre.com

SUPERIOR HOMES KENYA LTD

Green Park Estate,

Athi River, Mombasa Road

P. O. Box 15992 – 00100 NAIROBI.

Tel: 020 3579100/1

Website: www.superiorhomes.co.ke

14TREES KENYA LTD

Regus Vienna Court, Cresent Road

P. O. Box 10921 - 00100 NAIROBI.

Tel: 0725 132 957

Website: www.14trees.com

TATU CITY LTD

Off Ruiru, Kiambu Road, Ruiru

P. O. Box 2739 - 00621 NAIROBI.

Tel: 0708 555 555

Website: www.tatucity.com

KANAGA AND ASSOCIATES LTD

Next To Nairobi Baptist Church,

House No. 2, Ngong Road

P. O. Box 51887 – 00100 NAIROBI.

Tel: ‘0734 776 413

Website: www.kanagaandassociates.co.ke

KARANJA NJENGA AND COMPANY ADVOCATES

3rd Floor, Surveyors Court,

Woodvale Grove, Westlands

P. O. Box 1775 - 00606 NAIROBI.

Tel: 0725 452 889

Website: www.knjenga.co.ke

KHAYESI NJAMBI & KHAYESI ADVOCATES

Utumishi Coop House, 4th Floor

Mamlaka Rd off Nyerere Rd

P.O. Box 7989 – 00300 NAIROBI.

Tel: 0711 472 518

Website: www.knkadvocates.co.ke

KN LAW LLP

5th Floor, The Pavilion, Westlands

P. O. Box 52494 – 00200 NAIROBI.

Tel: 020 3861305

Website: www.kn.co.ke

THE COMBINED

WAREHOUSES

LTD

TECNOFIN KENYA LTD

James Gichuru, Gate 162

P. O. Box 28818 – 00100 NAIROBI

Tel: 0725 161 936

THE COMBINED WAREHOUSES LTD

Refinery Place, Refinery Road

Changamwe, Mombasa

P. O. Box 81862 – 80100 MOMBASA.

Tel: 0702 217 800

THE EPIC PROPERTIES LTD

Western Heights, Karuna Road,

Westlands

P. O. Box 4872 - 00200 NAIROBI.

Tel: 0792 857 473/4

Website: www.epicproperties.co.ke

THE GODOWN ARTS CENTRE

12 Dunga Road

P.O. Box 27772 – 00506 NAIROBI.

Tel: 0726 992 200

Website: www.thegowdownartscentre.com

KNOW ADVOCATES LLP

The Stables

2nd Floor, Suites 42 & 49, Karen Road

P. O. Box 27970 – 00100 NAIROBI.

Tel: 020 2667 425

Website: www.knowadvocates.com

MBOYA WANGONG’U & WAIYAKI ADVOCATES

Lex Chambers, Maji Mazuri Road Off

James Gichuru Road

P. O. Box 74041 - 00200 NAIROBI.

Tel: 020 3860183/4

Website: www.lexgroupafrica.com

MENEZES & PARTNERS ADVOCATES

307, Dhanjay Apartments, Valley Arcade,

Gitanga Road

P.O. Box 29708 – 00100 NAIROBI.

Tel: 020 522 7588

Website: www.menezesandpartners.com

MEREKA & CO. ADVOCATES

7th Floor, Ukulima Co-operative House,

P. O. Box 41620 – 00100 NAIROBI.

Tel: 020 2226692

The Challenging Kenyan Economy: Prospects in Real Estate

The Challenging Kenyan Economy: Prospects in Real Estate


26 27

KPDA Register of Members

KPDA Register of Members

EPS PANEL MANUFACTURERS

BUILDING MATERIAL MANUFACTURERS

MMC AFRICA LAW

MMC Arches Springs Valley Crescent,

Off Peponi Road

P. O. Box 75362 - 00200 NAIROBI.

Tel: 020 2167301/2

Website: www.wakili.com

MURIMI AND COMPANY ADVOCATES

2nd Floor, Electricity House,

Harambee Avenue

P. O. Box 54052 - 00200 NAIROBI.

Tel: 020 2227701/2574177

Website: www.mmurimiadvocates.com

MW& COMPANY ADVOCATES LLP

West Park Office Suites,

4th Floor Ojijo Road

P. O. Box 44468 - 00100 NAIROBI.

Tel: 0729 331 400

Website: www.mwc.legal

MURIMI AND COMPANY ADVOCATES

2nd Floor, Electricity House,

Harambee Avenue

P. O. Box 54052 - 00200 NAIROBI.

Tel: 020 2227701/2574177

Website: www.mmurimiadvocates.com

BOLEYN MAGIC WALL PANEL LTD

Liberty Plaza, Mombasa Road

P. O. Box 18056 – 00500 NAIROBI.

Tel: 020 3591088

CEMEX HOLDINGS LTD

Ruiru Kenya

P. O. Box 45155 - 00100 NAIROBI.

Tel: 0722 464 433

Website: www.cmax.co.ke

CLASSIC MOULDINGS LTD

Kellicoo Comlex, Mombasa Road

P. O. Box 3936 - 00506 NAIROBI.

Tel: 0721 123 123

Website: www.classic-mouldings.com

KOTO HOUSING KENYA

Koto House (Formerly the People Printing

House), Mombasa Road (Mlolongo,

Machakos County)

P. O. Box 52494 - 00200 NAIROBI.

Tel: 0789 80 89 91

Website: www.kotohousingkenya.co.ke

ARCHITECTURAL FIRMS

CONTRACTOR FIRMS

ENERGY SAVINGS SOLUTIONS

BOOGERTMAN AND PARTNERS

ARCHITECTS LTD

Allianz Plaza,96 Riverside Drive, Nairobi

P.O. Box 2047 – 00606 NAIROBI

Tel: 020 440 8990 / 0736 399 361

Website: www.boogertmanandpartners.com

K&M ARCHPLAN LTD

Marbella Karen Park, Off Karen Road

P.O. Box 76240 – 00508 NAIROBI.

Tel: 0745 792 175

Website: www.kmarchplans.com

MORPHOSIS LTD

Katani Road

P. O. Box 262 - 00202 NAIROBI.

Tel: 0707 675 661

Website: www.morphosis.co.ke

PARAGON ARCHITECTS

1st Floor, 33 Fricker Road. Illovo

Boulevard Sandton,

2196 Johannesburg, South Africa

P. O. Box 2621 Houghton 2041

SOUTH AFRICA.

Tel: +27 (0) 83 449 2670

Website: www.paragon.co.za

SARMA ENTERPRISES LTD

Komarock Road, Near Bridge

P. O. Box 16808 - 00620 NAIROBI.

Tel: 0722 615 625

Website: www.sarma.co.ke

QUESTWORKS

Questworks Place, Makueni Road and

Vihiga Road Junction, Kileleshwa

P. O. Box 18724 - 00500, NAIROBI.

Tel: 0724 583 351

Website: www.questworks.co.ke

DAVIS AND SHIRTLIFF LTD

Dundori Road, Industrial Area

P. O. Box 41762 – 00100 NAIROBI.

Tel: 020 6968000

Website: www.davisandshirtliff.com

TECHNICAL ENGINEERING SERVICES LTD

91/269 Gigiri Off United Nations

Avenue, Gigiri

P.O. Box 45375 – 00100 NAIROBI.

Tel: 0780 843 766 / 0780 396 264

PROJECT MANAGERS

PAINT SUPPLIER ONLINE PLATFORMS CAR AND GENERAL

VILLASOFT LTD

BUY RENT KENYA LTD

5th Floor, Grosvenor Building

14 Riverside Drive

P. O. Box 580777 – 00200 NAIROBI.

Tel: 020 2307051

Website: www.buyrentkenya.com

DLR GROUP AFRICA LTD

7th Floor Block/Eden Square Complex,

Chiromo Road

P. O. Box 856 – 00606 NAIROBI.

Tel: 020 3673710

Website: www.dlrgroup.com

TANDEM AND STARK LTD

3rd Floor, The Green House Suite 15,

Adams Arcade

P. O. Box 53328 - 00200 NAIROBI.

Tel: 020 2318992/2055945

Website: www.tandemandstark.com

GLOBAL PROPERTY ADVICE

St Petersburg

P. O. Box 42882 - 00100 NAIROBI.

Tel: 0718 920 995

www.globalpropertyadvice.com

KANSAI PLASCON KENYA LTD

Jirore Road, Off Enterprise Rd Industrial Area

P.O. Box 18011 – 00500 NAIROBI.

Tel: 020 6555 711/0730 699222/000

Website: www.plascon.co.ke

IBUILD KENYA LTD

1st Floor, Top Plaza

Kindaruma Rd NAIROBI.

Tel: 020 389 2094/ 0748 395 573

Website: www.ibuild.global

VILLASOFT LTD

26 Mogotio Road Royal Offices

P.O. Box 123 - 00100 NAIROBI.

Tel: 0727 356 981

Website: www.smartkodi.co.ke

CUMMINS C&G LTD

New Cargen House Lusaka Road,

Industrial Area

P.O. Box 20001 - 00200 NAIROBI.

Tel: 0206 943 000 / 0206 943 100

Website: www.cumminscargen.com

ASSOCIATIONS

ADVISORY FIRMS

FINANCIAL INSTITUTIONS/MORTGAGE BANKS

REITS ASSOCIATION OF KENYA (RAK)

55 Westlands Road

P. O. Box 43633 - 00100 NAIROBI.

Tel: 0202 831 000

Website: www.rak.co.ke

TOWN AND COUNTY PLANNERS

ASSOCIATION OF KENYA (TCPAK)

White Court, Galana Road, Kilimani

P. O. Box 38027 – 0010 NAIROBI.

Tel: 0725 028 572

Website: www.tcpak.com

EMERGE DEVELOPMENTS LTD

The Pavillion,

4th Floor Mwanzi Road Westlands

P. O. Box 2057- 00606 NAIROBI.

Tel: 0796 129 925

Website: www.emerge-ea.com

TO JOIN KPDA

COMMERCIAL BANK OF AFRICA LTD

Mara and Ragati Roads, Upper Hill, Nairobi

P. O. Box 30437 - 00100 NAIROBI.

Tel: 020 2884648

Website: www.cbagroup.com

COMMONWEALTH

HOUSING MUTUAL

HELP GROUP

Al-twawon Educational, Korogocho

P. O. Box 7749 - 00100 NAIROBI.

Tel: 0770 068 874

Website: www.commonwealthhousinggroup.org

FUSION CAPITAL LTD

Ground Floor, ACK Garden House, Block A

P. O. Box 47538 - 00100 NAIROBI.

Tel: 020 2710149/53

Website:www.fusioncapitalafrica.com

INVHESTIA AFRICA LTD

Ground Floor, Block B, Methodist

Ministries Center, Oloitoktok Road

P. O. Box 24350 – 00100 NAIROBI

Tel: 20 4400692

Website: www.invhestia.com

CEMENT PRODUCERS

SECURITY PROVIDERS

BAMBURI CEMENT LTD

6th Floor, Kenya Re Towers, Upperhill

P. O. Box 10921 – 00100 NAIROBI.

Tel: 020 2893000

Website: www.bamburicement.com

RHOMBUS CONCRETE LTD

Tara Road, Ridgeways Off Kiambu Road

P. O. Box 15570 - 00100 NAIROBI.

Tel: 020 2172255

Website: www.rhombusconcrete.com

SAVANNAH CEMENT LTD

Athi River, Off Namanga Road

P. O. Box 27910 - 00100, NAIROBI.

Tel: 0725 999 036

Website: www.savannahcement.com

SECUREMAN SERVICES LTD

83 Place, Kabarnet Road,

P. O. Box 6096 - 00100 NAIROBI.

Tel: 020 2000931

Website: www.secureman.co.ke

KENYA COMMERCIAL BANK LTD

18th Floor, Lonrho House

P. O. Box 45129 - 00100 NAIROBI

Tel: 020 4955000

Website: www.kcbbankgroup.com

POPOTE PAYMENTS LTD

2nd Floor, Block A

Magharibi Place Building

P. O. Box 25929 – 00100 NAIROBI.

Tel: 0708 351 382

Website: www.popotepayments.co.ke

SPEARHEAD AFRICA LTD

2nd Floor, Corner House, Mama Ngina Street

P. O. Box 57567 – 00200 NAIROBI

Tel: 020 513 7011

Website: www.spearheadafrica.co.ke

STANLINB FAHARI I-REIT

Liberty House 1st Floor Mamlaka Road

P.O. Box 30550 – 00100 NAIROBI.

Tel: 0203 268 646

Website: www.stanlibfahariireit.com

INTERIOR DESIGNERS

CERAMIC SUPPLIERS

GOVERNMENT INSTITUTIONS

DAHUA TECHNOLOGY KENYA LTD

Mitsumi Business Park, Muthithi Road,

Westlands

Tel: 0796 212 197

Website: www.dahuasecurity.com

ROOFING PRODUCT SUPPLIERS

NEWLINE LTD

Ground Floor, Chester House, Loita Street

P. O. Box 10245 – 00100 NAIROBI.

Tel: 020 3315110/3

Website: www.newline.co.ke

NEWMATIC AFRICA LTD

James Gichuru Road, Off Waiyaki Way,

Lavington,

Next to Muthangari Police Station

P. O. Box 75362 - 00200 NAIROBI.

Tel: 0711 477 711

Website: www.newmaticafrica.com

ALUMINIUM FORMWORK SUPPLIERS

SAJ CERAMICS LTD

Mombasa Road - Opposite Doshi Hardware

P. O. Box 45244 - 00100 NAIROBI.

Tel: 020 3587001/2/3/4

Website: www.sajceramics.com

VEDMAN

CAPITAL LTD

VEDMAN CAPITAL LTD

KEMU Hub, 4th Floor

P.O. Box 76156 – 00508 NAIROBI.

Tel: 0722 723 110

UNTAPPED WATER LTD KENYA

P.O. Box 22494 - 00505 NAIROBI.

Tel: 0748 828 397

Website: www.untapped-inc.com

POLISH INVESTMENT & TRADE AGENCY

5th Floor, Flamingo Towers

Mara Road Upperhill

P.O. Box 48539 – 00100 NAIROBI.

Tel: 0722 863 959 / 0789 802 522

Website: www.kenya.trade.gov.pl

STATE DEPARTMENT FOR HOUSING AND

URBAN DEVELOPMENT

Ardhi House, 1st Ngong Avenue

P. O. Box 30450 – 00100NAIROBI

Tel: 020 2713833

Website: www.lands.go.ke

G&G MABATI MILLS LTD

Westend Place Building off Langata Rd

P.O. BOX 50264 – 0020 NAIROBI.

Tel: 0701 603 777/0722 519 629

MABATI ROLLING MILLS LTD

A 104, Athi River, Kenya

P. O. Box 271 – 00204 NAIROBI.

Tel: 0722 205 396/0722 205

397/0722 261 299

Website: www.mabati.com

ALI FABRICATION SOLUTIONS LTD

Fortis Industrial Park - Syokimau

P. O. Box 10911 – 00400 NAIROBI.

Tel: 0721 691 786

Website: www.alifab.co.ke

KUMKANG KIND EAST AFRICA LTD

The Mirage, Office 15A, Chiromo Road,

Westlands

P. O. Box 51034 – 00200 NAIROBI.

Tel: 020 - 250082/0714 078 661

/0721 335 749

Website: kumkangkind.com

In order to join KPDA, kindly contact the Membership Relations Officer, Cynthia Wakio through

the telephone number 0737 530 290 or 0725 286 689 or by email ceo@kpda.or.ke.

The Challenging Kenyan Economy: Prospects in Real Estate

The Challenging Kenyan Economy: Prospects in Real Estate


Under the patronage of the Ministry of Transport, Infrastructure, Housing,

Urban Development and Public Works

29

5 - 7 NOVEMBER 2019

KICC, NAIROBI

10:00 - 18:00

OFFICIAL EXHIBITION OF KENYA’S NATIONAL CONSTRUCTION WEEK

KPDA NCCG Building Permitting Approvals Report, January – June 2019

The KPDA Nairobi City County

Government (NCCG) Building

Permitting Approvals Report

January - June 2019

By Kenya Property Developers Association

New Exhibitors. More Innovation.

More Workshops. Global Speakers.

220+

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40 CPD

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Register for free entry

11,000+

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www.thebig5constructkenya.com/reg

The KPDA NCCG Building Permitting Approvals

Activity Report provides a summary of

statistical information on planning permitting

activity in Nairobi for January to June 2019. Only

statistics received from the Nairobi City County

Government, Urban Planning Department have been

used as references.

This report uses building permitting approval

requests submitted to the Nairobi City County

Government which are then analyzed and approved

by a specialist committee appointed by the Urban

Planning Department of the Nairobi City County

Government. The report contains information

on applications that have been approved by the

specialist committee highlighting development

locations, types, values, application revenues and

process performances.

While every reasonable effort is made to ensure that the information provided in this report is accurate no guarantee for the currency or accuracy of

information is made. The permitting data was provided to the KPDA by the Nairobi City County Development Control Section, Urban Planning Sector.

Official Government

Partner

Organised by

#Big5kenya

The Challenging Kenyan Economy: Prospects in Real Estate


30 3

31

2

KPDA NCCG Building Permitting Approvals Report, January – June 2019

SUMMARY STATISTICS

A total of 957 planning permit applications were

223.82 with the submission fee averaging Kshs.

approved from January to June 2019. They were 327, 839.52.

worth Kshs. 59.54 Billion, giving the county a

Kenyan Building Code of 1997 classifies

total of Kshs. 313.4 Million of revenue in terms of how buildings of different classes should be

SUMMARY submission STATISTICS fees.

constructed. For January to June the approvals

The highest investment of Kshs.4.275 Billion

made are classified as follows:

‣ A in total real of estate 957 planning Nairobi permit County applications went to were the approved from January 77% to (739) June- 2019. Domestic They Class were (commercial

worth Kshs. 59.54 Billion, giving the county a total of Kshs. 313.4 Million of revenue in terms of

proposed renewal of plan No. CPL-AL459-

developments, domestic buildings and

submission fees.

Islamic Centre, done by Adams Charitable Trust

offices)

The in Dagoretti highest investment North Sub of Kshs.4.275 County. The Billion approval in real estate in Nairobi County 15% (139) went - Public to the proposed Class (social halls,

renewal earned of the plan County No. CPL-AL459- revenue amounting Islamic Centre, to Kshs. done by Adams Charitable religious buildings, Trust in Dagoretti libraries, schools, etc.)

North 15, 000. Sub County. However, The the approval approval earned that the paid County the revenue amounting 8% to (79) Kshs. - Warehouse 15, 000. However, Class (industries,

the approval that paid the highest submission fee of Kshs. 22, 978, 000 was for the proposed

highest submission fee of Kshs. 22, 978, 000

factories, and go downs)

business Bay Square mixed use development-stalls, retail shops, hotel, residential units to be

developed was for the by proposed Ten Commodities business Wholesale Bay Square Limited along General Waruinge Road in Eastleigh,

Kamukunji mixed use Sub development-stalls, County.

retail shops,

From the data, 13% of the 175, 000 acres of the

hotel, residential units to be developed by Ten

county were approved to be under some sort

‣ On Commodities average, the Wholesale estimated value Limited of building along General developments approved of construction was Kshs. or 62, renovation 213, 223.82 with Kasarani,

with the submission fee averaging Kshs. 327, 839.52.

Waruinge Road in Eastleigh, Kamukunji Sub

Dagoretti North, Lang’ata and Embakasi Central

‣ Kenyan County. Building Code of 1997 classifies how buildings of different being classes the should areas be where constructed. most land activity was

For On January average, to the Juneestimated the approvals value made of building are classified as follows: taking place during that period in that order.

developments ♣ 77% (739) -approved Domestic Class was Kshs. (commercial 62, 213, developments, domestic buildings and offices)

♣ 15% (139) - Public Class (social halls, religious buildings, libraries, schools, etc.)

♣ 8% (79) - Warehouse Class (industries, factories, and go downs)

PERMIT APPLICATION ACTIVITY BY SUB-COUNTY

‣ From the data, 13% of the 175, 000 acres of the county were approved to be under some sort of

Lang’ata, Westlands, Dagoretti North, Kamukunji respectively. Westlands also received the highest

construction or renovation with Kasarani, Dagoretti North, Lang’ata and Embakasi Central being

the and areas Embakasi where most East land Sub Counties activity was received taking place the during that revenue period in in that terms order. of submission fees, with

highest number of building permit approvals

Kamukunji and Dagoretti North in second and

PERMIT (160, APPLICATION 160, 98, 67 and ACTIVITY 63) respectively.

BY SUB-COUNTY

third positions respectively. On the other hand,

Westlands, Dagoretti North, Lang’ata and

Mathare, Kibra and Embakasi North contributed

‣ Lang’ata, Westlands, Dagoretti North, Kamukunji and Embakasi East Sub Counties received the

highest

Starehe

number

saw the

of building

most investment

permit approvals

by developers

(160, 160, 98, 67 and 63)

the

respectively.

least to the county’s real estate revenue.

Top 10 Sub Counties by Approvals

‣ Westlands, Dagoretti North, Lang’ata and Starehe saw the most investment by developers

respectively.

KPDA

Westlands

NCCG

also

Building

received

Permitting

the highest

Approvals

revenue in terms

Report,

of submission

January

fees,

– June

with

2019

Kamukunji and Dagoretti North in second and third positions respectively. On the other hand,

PERMIT Mathare, APPLICATION Kibra and Embakasi ACTIVITY North BY SUB-COUNTY contributed the (CONT.) least to the county’s real estate revenue.

14936278000

16464443195

Amount of Investments by Sub Counties

1478465000

1849310000

1977208048

2709836000

3001372700

3375206108

4602402600

5108039516

Total Submission Fee Sub County

Westlands

Dagoretti North

Lang'ata

Starehe

Kamukunji

Makadara

Dagoretti South

Roysambu

Embakasi East

Kasarani

70000000

60000000

50000000

40000000

30000000

20000000

Total

10000000

0

160 160

98

Total

BUILDING CLASS AND ZONAL USER DENSITY ACTIVITY IN NAIROBI

67 63 57 55 54 50 48

According to the Kenya building code of 1997;

Class D - means any building which is neither a public building nor a building of the warehouse

class. They are majorly residential but a few are also commercial.

While every reasonable effort is made to ensure that the information provided in this report is

accurate no guarantee for the currency or accuracy of information is made. The permitting data

was provided to the KPDA by the Nairobi City County Development Control Section, Urban

Planning Sector.

While every reasonable effort is made to ensure that the information provided in this report is accurate no guarantee for the currency or accuracy of

information is made. The permitting data was provided to the KPDA by the Nairobi City County Development Control Section, Urban Planning Sector.

The Challenging Kenyan Economy: Prospects in Real Estate

Class P - means a building used or intended to be used either ordinarily or occasionally, as a

church, chapel or other places of public worship, or as a hospital, public institution, college or

While every reasonable effort is made to ensure that the information provided in this report is accurate no guarantee for the currency or accuracy of

information is made. The permitting data was provided to the KPDA by the Nairobi City County Development Control Section, Urban Planning Sector.

While every reasonable effort is made to ensure that the information provided in this report is

accurate no guarantee for the currency or accuracy of information is made. The permitting data

The was Challenging provided Kenyan to the Economy: KPDA Prospects by in the Real Nairobi Estate City County Development Control Section, Urban

Planning Sector.


‣ In comparison to last year there has been a slight increase in investments in the industrial sector

32 33

KPDA NCCG Building Permitting Approvals Report, February - March 2019

BUILDING CLASS AND ZONAL USER DENSITY ACTIVITY IN NAIROBI

KPDA NCCG Building Permitting Approvals Report, February - March 2019

BUILDING CLASS AND ZONAL USER DENSITY ACTIVITY IN NAIROBI (CONT.)

4

According to the Kenya building code of 1997;

used or intended to be used, wither ordinarily or

occasionally, for any other public purpose.

Class D - means any building which is neither a public

building nor a building of the warehouse class. They Class W - means a building designed or lawfully used

are school majorly not residential being but merely a few a are private also commercial. dwelling house as a warehouse, so used, go-down theatre, or public factory, hall, or for carrying public concert

room, public ballroom, public lecture room, or on public a wholesale exhibition business, room, but does or not as include a public any place of

Class assembly P - means for a building persons used admitted or intended thereto to be by tickets living or accommodation otherwise, or which used may or form intended part of to or be be used,

used wither either ordinarily or or occasionally, a for church, any other annexed public purpose.

to such building, and the formation of an

chapel or other places of public worship, or as a

access to a plot.

hospital, Class Wpublic - means institution, a building college designed or school not or lawfully used as a warehouse, go-down or factory, or for

being carrying merely on a private a wholesale dwelling business, house so used, but does not As include usual, majority any living of the accommodation approvals made (77%) which may form

theatre, part of public or be hall, annexed public concert to such room, building, public and the were formation submitted of under an access the building to a plot. class category

ballroom, public lecture room, or public exhibition domestic class which includes domestic buildings,

As room, usual, or as majority a public place of the of assembly approvals for persons made (77%) commercial were submitted developments under and the offices. building class category

domestic

admitted thereto

class

by

which

tickets

includes

or otherwise,

domestic

or

buildings, commercial developments and offices.

5

This is an indication that more investments are

always going to accommodate the ballooning

population in the county that harbors the country’s

capital city as more people trickle in to mainly work

in the county.

More than Kshs. 40 Billion was invested in

residential usage while Kshs. 4 Billion was

invested in industrial usage in an era when the

government is keen on industrialization out of

the Kshs. 59, 538, 055, 197 worth of investments.

The figures are an indication of the ever –

growing demand for residential houses in Nairobi

county owing to the fact over 6.5 million people

live within the suburbs of Nairobi and work in the

CBD.

In comparison to last year there has been a slight

increase in investments in the industrial sector

owing to the fact that industrialization is one of

the big 4 agendas of the government

Pecentage of Permits issued Per Building

Class

79, 8%

139, 15%

D

739, 77%

P

W

‣ In terms of submission fees Residential buildings posted the highest amount at Kshs. 213, 663

817 with Industrial use buildings coming at fourth at Kshs. 31, 615, 779.92

This is an indication that more investments are always going to accommodate the ballooning

population in the county that harbors the country’s capital city as more people trickle in to mainly

work in the county.

‣ More than Kshs. 40 Billion was invested in residential usage while Kshs. 4 Billion was invested in

industrial usage in an era when the government is keen on industrialization out of the Kshs. 59,

538, 055, 197 worth of investments.

While every reasonable effort is made to ensure that the information provided in this report is accurate no guarantee for the currency or accuracy of

information is made. The permitting data was provided to the KPDA by the Nairobi City County Development Control Section, Urban Planning Sector.

The figures are an indication of the ever – growing demand for residential houses in Nairobi

county owing to the fact over 6.5 million people live within the suburbs of Nairobi and work in

the CBD.

The Challenging Kenyan Economy: Prospects in Real Estate

While every reasonable effort is made to ensure that the information provided in this report is accurate no guarantee for the currency or accuracy of

information is made. The permitting data was provided to the KPDA by the Nairobi City County Development Control Section, Urban Planning Sector.

The Challenging Kenyan Economy: Prospects in Real Estate


34 Residential Public Industrial Use Commercial

35

KPDA NCCG Building Permitting Approvals Report, February - March 2019

BUILDING CLASS AND ZONAL USER DENSITY ACTIVITY IN NAIROBI (CONT.)

‣ In terms of submission fees Residential buildings posted the highest amount at Kshs. 213, 663,

In 817 terms with of submission Industrial fees use Residential buildings buildings coming posted at fourth the highest at Kshs. amount 31, at 615, Kshs. 213, 779.92 663, 817 with

Industrial use buildings coming at fourth at Kshs. 31, 615, 779.92

KPDA NCCG Building Permitting Approvals Report, February - March 2019

BUILDING CLASS BY LOCALITY

Top 10 Localities by Approval

80

70

60

50

40

78

30

20

10

46

35 34 33

24 22 22 20 17

Total

0

6

‣ Residential buildings recorded the highest number of approvals at 709 in comparison to public,

Residential industrial buildings and commercial recorded the buildings highest number which of approvals were recorded at 709 in comparison at 109, 82 to and public, 57 industrial respectively.

and commercial buildings which were recorded at 109, 82 and 57 respectively.

Number of Approvals by Zonal User/Density

While every reasonable effort is made to ensure that the information provided in this report is

709

accurate no guarantee for the currency or accuracy of information is made. The permitting data

was provided to the KPDA by the Nairobi City County Development Control Section, Urban

Planning Sector.

109

82

57

Total

7

The highest development permits permits for January for January – June 2019 – June were approved 2019 were in Karen, approved Eastleigh, in Karen, Kilimani Eastleigh,

and

Industrial Kilimani Area and with Industrial domestic Area infrastructures with domestic dominating infrastructures these areas dominating except Industrial in these Area areas where except in

Warehouses Industrial Area and Factories where dominated. Warehouses and Factories dominated.

Karen had the highest building class approvals at 65 in terms of domestic infrastructures while Kilimani,

‣ Westlands Karen had and the CBD highest recorded building the lowest class number approvals of building at 65 class in approvals terms of at domestic 1 each in terms infrastructures of while

warehouses Kilimani, Westlands public infrastructures.

and CBD recorded the lowest number of building class approvals at 1 each

in terms of warehouses and public infrastructures.

Building Class Approvals by Locality

While every reasonable effort is made to ensure that the information provided in this report is

accurate 70 65 no guarantee for the currency or accuracy of information is made. The permitting data

was provided to the KPDA by the Nairobi City County Development Control Section, Urban

60

Planning Sector.

50

40

40

32 33

30

Total

24

24

21

20

17

16

13

14

10

10

6

5

1 2

1

3

1

3

0

D P D P D P W D W D D D P D P D P W D P

Residential Public Industrial Use Commercial

Karen Eastleigh Kilimani Industrial AreaNasraRunda South C Westlands CBD Riruta

While every reasonable effort is made to ensure that the information provided in this report is accurate no guarantee for the currency or accuracy of

information is made. The permitting data was provided to the KPDA by the Nairobi City County Development Control Section, Urban Planning Sector.

While every reasonable effort is made to ensure that the information provided in this report is accurate no guarantee for the currency or accuracy of

GRAPHS information DEPICTING is made. The permitting PERIOD data OF was APPROVALS

provided to the KPDA by the Nairobi City County Development Control Section, Urban Planning Sector.

BUILDING CLASS BY LOCALITY

The Challenging Kenyan Economy: Prospects in Real Estate

‣ May was the busiest month for the approving committee, recording 231 approvals. Most of the

The development Challenging Kenyan projects Economy: took Prospects 1 to in 7 Real days Estate to be approved whereas a few other projects took over

a year to be approved.


D P D P D P W D W D D D P D P D P W D P

Karen Eastleigh Kilimani Industrial AreaNasraRunda South C Westlands CBD Riruta

36 37

KPDA NCCG Building Permitting Approvals Report, February - March 2019

GRAPHS DEPICTING PERIOD OF APPROVALS

KPDA NCCG Building Permitting Approvals Report, February - March 2019

GRAPHS DEPICTING PERIOD OF APPROVALS

‣ May was the busiest month for the approving committee, recording 231 approvals. Most of the

development May was the busiest projects month took for the 1 approving to 7 days committee, to be approved recording whereas 231 approvals. a few Most other of projects the took over

a development year to be projects approved. took 1 to 7 days to be approved whereas a few other projects took over a year to be

approved.

COMPARATIVE ANALYSIS BETWEEN THE TWO QUARTERS OF 2019

1st QUARTER (KSHS)

2019 QUARTERS

2ND QUARTER (KSHS)

250

200

Total Number of Monthly Approvals between January to

June 2019

213

231

9

ESTIMATED VALUE 32, 189, 186,059 27, 348, 869,138

SUBMISSION FEE 168, 865, 426.5 144, 549,149.5

BUILDING CLASS

APPROVALS

DOMESTIC 314 425

PUBLIC 56 83

150

100

50

89

101

167

156

Total

WAREHOUSE 33 46

The The highest highest estimated value value was was recorded during during first first Quarter of of the the year with the least value

being being the in Second the Second Quarter Quarter of the of the year. year.

Building Class Approvals by Quarters

8

0

January March Febraury April May June

450

400

425

Q1

GRAPHS DEPICTING VALUE OF PROJECTS APPROVED AND THEIR REVENUE CONTRIBUTION TO

NAIROBI GRAPHS COUNTY. DEPICTING VALUE OF PROJECTS APPROVED AND THEIR REVENUE CONTRIBUTION

TO NAIROBI COUNTY

Q2

350

300

250

314

COST OF THE PROJECTS APPROVED

While every reasonable effort is made to ensure that the information provided in this report is

accurate no guarantee for the currency or accuracy of information is made. The permitting data

was provided 382 383 to the KPDA by the Nairobi City County Development Control Section, Urban

Planning Sector.

200

150

100

50

56

33

83

46

Total

0

D P W D P W

45

19 15 8

88

3 2 5 1 0 6

Total

Q1

Q2

Domestic buildings had the highest number of approvals and most were approved in the

‣ Domestic buildings had the highest number of approvals and most were approved in the second

second quarter (425). Public amenities such as social halls came in second with most

quarter (425). Public amenities such as social halls came in second with most approvals taking

place

approvals

in the second

taking

quarter

place in

(83).

the second quarter (83).

‣ Out of of 957 957 buildings, 382 382 cost cost ten million ten million and below, and 383 below, cost between 383 cost ten between and fifty million ten and and fifty 192 projects million and

192 were projects valued over were fifty million. valued over fifty million.

COMPARATIVE ANALYSIS BETWEEN THE TWO QUARTERS OF 2019

While every reasonable effort is made to ensure that the information provided in this report is accurate no guarantee for the currency or accuracy of

information is made. The permitting data was provided to the KPDA by the Nairobi City County Development Control Section, Urban Planning Sector.

2019 QUARTERS

The Challenging Kenyan Economy: Prospects in Real Estate

1 st QUARTER

(KSHS)

2 ND QUARTER

(KSHS)

FOR MORE INFORMATION, KINDLY CONTACT THE KPDA SECRETARIAT

Kenya Property Developers Association

Fatima Flats, Suite B4

Marcus Garvey Road

Off Argwings Kodhek, Kilimani Area

P. O. Box 76154 – 00508 Nairobi, Kenya

Telephone: +254 737 530 290/0725 286 689

Email: ceo@kpda.or.ke

Website: www.kpda.or.ke

While every reasonable effort is made to ensure that the information provided in this report is accurate no guarantee for the currency or accuracy of

information is made. The permitting data was provided to the KPDA by the Nairobi City County Development Control Section, Urban Planning Sector.

FOR The MORE Challenging INFORMATION, Kenyan Economy: KINDLY Prospects CONTACT in Real Estate THE KPDA SECRETARIAT

Kenya Property Developers Association


CORPORATE

NETWORKING

KOROGA EVENT

SPICE ROOTS

RESTAURANT

Sikh Union Club located along

Forest Road next to Premier School.

@KPDA_Ke

FRIDAY

22ND

NOV 2019

Kenya Property

Developers Association

#KorogaNaKPDA

KPDA Members Cocktail Event

(5.30pm – 9.30pm)

Theme: TBC

Date: Thursday, 20th February 2020

Venue: TBC

Organizers:

KPDA, Tel: 0725 286 689/0737 530 290

Sponsorship Opportunities Available!!

Calendar

of Events

2020

FEBRUARY MARCH APRIL

KPDA CEO Breakfast Forum

(7.30am – 10.30am)

Theme: TBC

Date: Tuesday, 3rd March 2020

Venue: Nairobi Serena Hotel

Organizers:

KPDA, Tel: 0725 286 689/0737 530 290

Sponsorship Opportunities Available!!

Kenya Property Developers Association

is the Representative Body of the

Residential, Commercial and Industrial

Property Development Sector in Kenya.

East African Property Investment Summit

(EAPI)

Theme: TBC

Date: 1st – 2nd April 2020

Venue: Radisson Blu Hotel, Nairobi

Organizer:

API Events

Kfir Rusin – Managing Director

Email: krusin@apievebts.com

The Koroga will run from 6.00pm onwards.

Drinks will be served at a cash bar.

TICKET CHARGES FOR THE KOROGA

(AUTOMATIC ENTRY INTO THE RAFFLE COMPETITION)

• Members Kshs.2,900 (incl. of VAT)

• Non Members Kshs.4,640 (incl. of VAT)

ENTER THE COOKING COMPETITION!

• Companies wishing to register into the cooking competition

are allowed to do so and participate in cooking vegetarian or

non-vegetarian starter meals or main meals.

KPDA

PAYBILL

NO 172569

APRIL

8th KPDA AGM and Koroga Event

(4.00pm onwards)

Date: Friday, 4th April 2020

Venue: TBC

Organizer: KPDA

Tel: 0725 286 689/0737 530 290

Sponsorship Opportunities Available!!

AUGUST

KPDA CEO Breakfast Forum

(7.30am – 10.30am)

Theme: TBC

MAY

KPDA Half Day Workshop

(8.00am – 1.00pm)

Theme: TBC

Date: Tuesday, 12th May 2020

Venue: Park Inn by Radisson, Nairobi

Organizers:

KPDA, Tel: 0725 286 689/0737 530 290

Sponsorship Opportunities Available!!

AUGUST

KPDA Learning and Development Symposium

(8.00am – 1.00pm)

Theme: TBC

JUNE

KPDA Half Day Workshop

(8.00am – 1.00pm)

Theme: TBC

Date: Tuesday, 23rd June 2020

Venue: Park Inn by Radisson, Nairobi

Organizer: KPDA

Tel: 0725 286 689/0737 530 290

Sponsorship Opportunities Available!!

OCTOBER

KPDA Annual Conference

(8.30am – 4.30pm)

Theme: TBC

Date: Tuesday, 4th August 2020

Venue: Nairobi Serena Hotel

Date: Thursday, 27th August 2020

Venue: TBC

Date: Tuesday, 27th October 2020

Venue: Nairobi Serena Hotel, Nairobi

Organizer: KPDA

Tel: 0725 286 689/737 530 290

Sponsorship Opportunities Available!!

Organizer: KPDA

Tel: 0725 286 689/737 530 290

Sponsorship Opportunities Available!!

Organizer: KPDA

Tel: 0725 286 689/0737 530 290

Sponsorship Opportunities Available!!

NOVEMBER

• Please note that registration fees once paid are

non-refundable and cannot be transferred to cater

for the cost of attending future events.

• Participants who attend this event without an

RSVP will be surcharged at the door.

• Non Members will not be allowed to participate in

this event without prior payment.

• Cancellations are only refundable if the secretariat

is notified on email by no later than Wednesday,

13th November 2019.

End of Year KPDA Corporate Networking

Koroga Event (6.30pm onwards)

Date: Friday, 27th November 2020

Venue: TBC

Organizer: KPDA

Tel: 0725 286 689/0737 530 290

Sponsorship Opportunities Available!!

Kenya Property Developers Association

@KPDA_Ke


THE 2020 KPDA CONFERENCE - SPONSORSHIP

CATEGORIES AND BENEFITS

THE 2020 KPDA CONFERENCE - SPONSORSHIP

CATEGORIES AND BENEFITS

BENEFITS:

Recognition as a KPDA Principle Sponsor during all

KPDA events in 2020

Event Program and Announcement: Your

organization’s name will be listed in the event’s

program, recognized as the Principal Sponsor and

included in the event marketing materials.

Complimentary Advertisements:

• KPDA Website: Your organization’s name will be

listed in the event banner published for the event

and your company will receive complimentary

advertising space on the KPDA website as a

Principal Sponsor for the period of one (1) year

The Developer’s Digest: Complimentary two (2)

paged advertisement (plus 1 page for an editorial)

in two (2) future issues of The Developer’s Digest

PRINCIPAL: KSHS. 700, 000 (VAT EXCL.)

(1 COMPANY)

Opportunity to address the audience (20 minutes)

Opportunity to be a part of one of the Panel Sessions

Opportunity to lead one of the Break-out Sessions

Strategic branding within and outside the room

(specifics to be advised)

Strategic exhibition table outside the room (specifics

to be advised)

Branding at the eating area

Opportunity to distribute promotional items to

delgates

Complimentary attendance of seven (7) staff

representatives (includes representative making the

company’s presentation)

Display of logo in the conference program

Delegates listing

COCKTAIL SPONSOR: KSHS. 300, 000

(VAT EXCL.) (1 COMPANY)

BENEFITS:

Event Program and Announcement: Your

organization’s name will be listed in the event’s

program, recognized as a sponsor and included in

the event marketing materials

Branding outside the room (specifics to be advised)

Exhibition table outside the room (specifics to be

advised)

Exclusive branding in the cocktail area (specifics to

be advised)

Complimentary attendance of three (3) staff

representatives

Opportunity to distribute promotional items to

guests at the cocktail event

Delegates listing

AFFILIATE SPONSOR: KSHS. 100, 000

(VAT EXCL.) (OPEN)

BENEFITS:

Event Program and Announcement: Your

organization’s name will be listed in the event’s

program, recognized as a sponsor and included in

the event marketing materials

Limited branding outside the room (specifics to be

advised)

Exhibition table outside the room

Complimentary attendance of two (2) staff

representatives

Delegates listing

MERCHANDISE SPONSOR : KSHS. 500, 000

(VAT EXCL.) (1 COMPANY)

Sponsor may either provide the merchandise cobranded

or contribute the equivalent for production

BENEFITS:

Event Program and Announcement: Your

organization’s name will be listed in the event’s

program, recognized as a sponsor and included in

the event marketing materials.

Complimentary Advertisement:

• KPDA Website: Your organization’s logo will be

included in the event banner published in the

KPDA website

The Developer’s Digest: Complimentary one

(1) paged advertisement in one future issues of

The Developer’s Digest

Complimentary attendance of 5 staff

representatives

Opportunity to address the audience (10 minutes)

Strategic exhibition table outside the room

(specifics to be advised)

Branding at the eating area (specifics to be advised)

Branding within and outside the room (specifics to

be advised)

Opportunity to distribute promotional items to

guests

Display of logo in the conference program

Delegates listing

DIAMOND SPONSOR: KSHS. 500, 000

(VAT EXCL.) (1 COMPANY)

BENEFITS:

Event Program and Announcement: Your

organization’s name will be listed in the event’s

program, recognized as a sponsor and included in

the event marketing materials.

Complimentary Advertisements:

• KPDA Website: Your organization’s logo will be

included in the event banner published in the

KPDA website

The Developer’s Digest: Complimentary one

paged advertisement in one future issue of The

Developer’s Digest

Opportunity to be part of the panel

Opportunity to be part of the break out session

Branding within and outside the room (specifics to

be advised)

Strategic exhibition space outside the room

(specifics to be advised)

Branding at the eating area (specifics to be advised)

Complimentary attendance of five (5) staff

representatives

Delegates listing

BENEFITS:

PANEL SPONSOR: KSHS. 50, 000

(VAT EXCL.) (2 COMPANIES)

Event Program and Announcement: Your

organization’s name will be listed in the event’s

program, recognized as a sponsor and included in

the event marketing materials

Opportunity to be part of the panel discussions

(specifics to be advised)

Limited branding inside the room (specifics to be

advised)

Complimentary attendance of one (1) staff

representative

Kenya Property Developers Association

Fatima Flats, Suite 4 B, Marcus Garvey Road, Off Argwings Kodhek Road, Kilimani Area

P. O. Box 76154 - 00508, Nairobi, Kenya

Tel: +254 737 530 290/725 286 689

www.kpda.or.ke

Kenya Property Developers Association

@KPDA_Ke

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