The Developers Digest Q1 Issue

4
Message from the Chairman
it is a timely and important topic for us all to
consider. As sector players, we are all too aware of
the challenges and uncertainties that come with our
industry. Economic cycles, changing regulations and
shifts in consumer demand can all have a significant
impact on our businesses.
The global pandemic has highlighted the
importance of resilience and adaptability, while
rapid technological change is transforming the way
we work and live. In addition to this, we are also
grappling with issues such as land scarcity, changing
consumer preferences and shifting regulatory
landscapes. At the same time, Kenya’s growing
middle class and expanding infrastructure offer
significant potential for the real estate sector.
Ken Luusa, KPDA Chairman
It gives me great pleasure to welcome you to the
latest edition of the Developers Digest. As always,
our aim is to keep you informed and up-to-date on
the latest trends and developments in the real estate
sector, both in Kenya and beyond.
As the Chairman of the Kenya Property Developers
Association, I would like to extend a warm welcome
to our new members. Your membership with us
is a testament of your commitment to the built
environment sector and we are thrilled to have you
join our community. With over 1000 professionals in
our exclusive network, you are now part of a dynamic
team of professionals that is dedicated to advancing
the property development industry in Kenya. We
look forward to collaborating with you, learning from
your experiences and sharing our knowledge to drive
innovation and growth in our sector.
To our esteemed existing members, I would like to
express my deepest gratitude for your unwavering
support to our Association. Your dedication and
commitment to our mission have been instrumental
in driving the growth and success of our Association.
Your contributions, whether through your active
participation in our events or your valuable insights,
have helped us in our efforts to advance the built
environment sector in Kenya. We are honored to have
you as part of our community and we look forward
to continuing to work with you to achieve our shared
goals.
This issue’s theme is “Adopting a Long-term
Perspective in the Real Estate Sector,” and I believe
However, amidst these challenges lie opportunities
for growth and innovation. By adopting a long-term
perspective, we can anticipate future trends and
develop strategies to stay ahead of the curve. This
means investing in sustainable practices, prioritizing
community engagement, and leveraging technology
to streamline our processes and create better
outcomes for our clients.
We take great pride in our accomplishments in the
Kenyan property sector and are happy to report on
our advocacy activities across the 1st Quarter:
1. Our commitment to this goal is exemplified by
our active participation in promoting institutional
real estate courtesy of our involvement at
the bell-ringing of the first ever REIT in Kenya
promoted by a pension fund- Laptrust Imara
I-Reit. This event was attended by esteemed
personalities, including the President of the
Republic of Kenya, H.E Dr. William Samoei Ruto
where KPDA was able to represent the private
property sector’s voice in Kenya, emphasizing the
Association’s dedication to fostering partnerships
between the public, private and capital sectors,
in pursuit of enhancing the property sector and
improving the lives of all Kenyans.
KPDA pledges support for REITS and we are
working closely with REITS Association of Kenya
(RAK) and Nairobi Stock Exchange (NSE) on a
capacity building program for developers and the
construction sector players to design and build
housing for REITS. The REITS tool-kit will provide
guidelines for:
Adopting a Long-term Perspective in the Real Estate Sector