Kevin85ify
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- Apr 6, 2019
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MARKET NEWS
Egyptian investors add to Kilimani skyline with 15-floor twin towers
MONDAY, NOVEMBER 4, 2019 11:42
Apartments blocks under construction.
Vaal Real Estate, which Egyptian and Turkish investors own, has launched a Sh1.5 billion 15-floor residential development in the affluent Kilimani Estate in Nairobi.
Business Development Manager Peter Karuga said the proposed development dubbed Wilma Towers would occupy half an acre on Elgeyo Marakwet road and would, upon completion, host 227 families.
“This is being developed as an investors’ hub for serviced apartments that we will manage as a high-end location for high-fliers visiting Kenya for work, business or leisure.
“Our guest will receive automated cards upon payment of rental fees that they will use to open the doors and turn on the power,” he said.
Upon completion of its latest development, the Mediterranean investors will have injected Sh5 billion into the development of four high-end properties in Nairobi’s Kilimani, Kileleshwa, Riverside and Westlands.
Egyptian investors add to Kilimani skyline with 15-floor twin towers
MONDAY, NOVEMBER 4, 2019 11:42
Vaal Real Estate, which Egyptian and Turkish investors own, has launched a Sh1.5 billion 15-floor residential development in the affluent Kilimani Estate in Nairobi.
Business Development Manager Peter Karuga said the proposed development dubbed Wilma Towers would occupy half an acre on Elgeyo Marakwet road and would, upon completion, host 227 families.
“This is being developed as an investors’ hub for serviced apartments that we will manage as a high-end location for high-fliers visiting Kenya for work, business or leisure.
“Our guest will receive automated cards upon payment of rental fees that they will use to open the doors and turn on the power,” he said.
Upon completion of its latest development, the Mediterranean investors will have injected Sh5 billion into the development of four high-end properties in Nairobi’s Kilimani, Kileleshwa, Riverside and Westlands.