A chapel, a petrol station and a cafeteria will be established inside the cemetery. [Photo/ en.wikipedia.org]
Investors will inject Sh800 million in a 69-acre private cemetery targeting the rich.
Gates of Pearl, situated near Kinale Forest in Nyandarua will provide 35,000 “resting places” for rich Kenyans at superior prices.
The investors say they expect to charge at least Sh130,000 per unit with a single grave having a lease of 50 years. The project will kick off in August.
One of the investors, Fusion Capital chief executive Daniel Kamau, said the project’s majority shareholder is Capital Partners.
Kamau said Kenyans were in need of cemeteries and the project will provide an opportunity for investors to cash in.
“We saw it as an opportunity and will break ground later this year to meet this need by giving our loved ones a decent burial,” Kamau said as quoted by Business Daily.
“Canadian landscape architectural companies, Erik Lees & Associates and Birmingham & Wood will implement the plan,” Kamau added.
A chapel, a petrol station and a cafeteria will be established inside the cemetery.
“The memorial park will provide premium interment lots and memorialization sites for families seeking to memorialize their loved ones in a secure serene setting,” Alliance Capital posted on its website.
The National Environment Management Authority (Nema) has approved the multi-million project.
Last year, the Nakuru County government allocated land for a new cemetery after the Nakuru North cemetery was declared closed.