The Developers Digest Q1 Issue

5
Message from the Chairman
We are proud to play a key role in promoting
sustainable development and addressing
the housing needs of our society. We remain
dedicated to working in partnership with all
stakeholders to ensure the success of this
important initiative.
Ken Luusa at the Bell Ringing of the listing of the Laptrust
Imara I-REIT
• More efficient building designs to lower costs
• Documentation required for institutional offtakers
• Environmental Sustainability
• Efficient construction technologies
2. KPDA’s commitment to the Affordable Housing
Programme is stronger than ever as we take on
a crucial role in the establishment of the Kenya
National REITS. As a founding member of the
Kenya National REITS, a company established to
register all REITS licensed by the Capital Markets
Authority for the development of affordable
housing and infrastructure, we are proud to play
a key role in promoting sustainable development
and addressing the housing needs of our society.
KPDA will contribute to the development of
a credible and legitimate platform for REITS
investment.
The mandate of the Kenya National REITS includes:
• Accreditation to boost REITS credibility as an
investment grade
• To create opportunity for immediate investor
uptake
• To generate branding and legitimacy of REITS
• To lead awareness campaigns
• To be the central point of engagement with
the Regulators and Government
• To be the reference point with investors
• Accreditation of licensed service providers
• Lawyers, Property Managers, etc.
• Research and development
3. Through the KPDA Affordable Housing Taskforce,
we have established a close working relationship
with the State Department of Housing and
Urban Development to facilitate the provision
of affordable housing incentives for developers.
At present, we have more than 50 projects in
the pipeline that we are actively mobilizing to
obtain these incentives. Our partnership with
the department is geared towards promoting the
development of affordable housing in Kenya and
we remain committed to achieving this goal.
4. We have also been engaged with consultative
meetings with the Department of Land, Housing,
Physical Planning Municipal Administration, and
Urban Development Department through KEPSA,
to discuss collaboration with the county and ways
to enhance the built environment.
Our track record speaks for itself and we
remain dedicated to advancing our mission in
innovative and impactful ways through strategic
partnerships with industry stakeholders.
In this issue of our magazine, we will be exploring
some of the key issues that are shaping the real
estate industry in Kenya today and providing
insights into how we can adapt and thrive in this
dynamic environment. We will be featuring article
contributions from industry experts, case studies
of successful developments and articles on topics
such as sustainability, urban planning and digital
transformation.
I would like to extend my sincere gratitude to all of
the contributors, advertisers and supporters who
have made this issue possible and trust that it will
provide you with valuable insights and inspiration, as
we continue to work together to shape the future of
the real estate sector in Kenya.
Please enjoy this free magazine and share the same
with others. Thank you for your continued support
and best wishes in your endeavors.
Adopting a Long-term Perspective in the Real Estate Sector