Annual Exhibition set to spur County Living and Investment

Knight Frank Managing Director Ben Woodhams(L) and Group’s Head of Marketing Mwihoti Mbijjiwe(R) run through a mock floor plan strategy after signing up  as participating exhibitor for the 11th  edition of Property & Home Living Expo running from June 20th -23rd at the Sarit Centre.

The 11th  edition of the Property and Home Living Expo (P&HLE), a leading upcoming property exhibition slated for June 20-23rd has set its eyes on aiding investment to new and affordable peri-urban areas in the wake of the new county dispensation.

In a timely move showcasing the vibrant real estate opportunities in the 47 counties by leading developers, the three-day P&HLE aims to tap into the emergent spending power of the middle economic class keen on avoiding steep prices of similar property in the capital.

Jawad Jaffer, Expo Organizer, in an exhibition stakeholder briefing said while helping actualize the national  Vision 2030’s social pillar to develop satellite towns while decongesting the cities, P&HLE is banking on the expected diversification of county housing development and the focus shift of the middle class from the Nairobi property investment.

Blue Triangle 17th Kenya Homes Expo

Aiming Higher

The 17th annual Kenya Homes Expo that was slated for 11th – 14th April will now take place on 23rd to 26th May, 2013 at the Kenyatta International Conference Centre (KICC).

To exhibitors, bookings is already at 70% so book your desired space today.

Housing Finance & Vision 2030 Launch 1 Million Artisans Programme

The Housing Finance Corporation in partnership with the Vision 2030 Delivery Board (VDB) on Friday launched the Army of 1 Million Artisans programme that is geared towards training 1 million building and construction artisans in the country by 2016.

Speaking during the ceremony, vision 2030 delivery Director General Mugo Kibati noted that they will work with the mortgage lender in capacity building, benchmarking, technology and knowledge transfer through technical and vocational education and training programmes inline vision 2030.

Shelter Afrique awards Stima Investment Sh395m loan

illustration of a four bedroom unit at the Stima Village

Pan-African housing and habitat development financier Shelter Afrique has awarded Stima Investment a 395 million-shilling development loan.

The loan will be used to support Stima Investments ongoing Syokimau gated community housing development project dubbed Stima Village.

“The funds are earmarked to co-finance the development comprising of a total of 156 housing units,” said Shelter Afrique Managing Director Alassane Ba, during the signing of the loan.

The partnership between the two comes on the backdrop of a strategic corporate undertaking to change its capital mobilization strategy by incorporating the use of both debt and equity instruments to finance its operation.

The Stima Village project is one of Shelter Afrique’s major middle-level investments aimed at increasing Kenya’s supply of affordable housing units for its growing middle class among other social classes.

76 maisonettes, 40 three bedroom and 36 four bedrooms units are expected to be built at the ongoing Stima Village through the loan.

Stima Investment draws a pool of over 4000 members from Kenya Power and Lighting Company (KPLC), Kenya Electricity Generating Company (KenGen), Rural Electrification Authority, Kenya Electricity Transmission Company, and Stima Sacco among others.  

Source: CapitalFm.co.ke