Tatu City, the mixed-use, mixed-income urban development on 2,500 acres near Nairobi, has announced the addition of a new high-density residential development to the project.
Construction by developer Lifestyle Properties is set to begin in November 2016, with 1,200 units on 30 acres and prices starting from Sh6 million. The development is expected to house over 4,500 residents upon completion.
“Lifestyle Properties is delighted to be a part of the Live, Work, and Play vision that Tatu City represents,” said Lifestyle Properties Director Peter Karoki.
“This development will cater to a broad, underserved spectrum of the market that requires good quality homes at an affordable price.”
“Our residential portfolio at Tatu City is rapidly expanding,” said Nick Langford, Kenya Country Head for Rendeavour, Tatu City’s majority owner. “Lifestyle Properties’ investment represents a realization of Tatu City’s vision of an open community with housing options to suit any budget.”
Tatu City has set aside 256 acres of residential land which will cater to more than 100,000 residents when construction is complete. Tatu City’s first residential phase, Kijani Ridge, is 65% sold.
Tatu City has also established the 420-acre Tatu Industrial Park, which will be home to Unilever, Dormans, Kim-Fay and Maxam, among other leading Kenyan and multinational companies.
Lifestyle Properties has a wide experience in developing housing especially in the middle-income bracket in Kenya. It is a key player in estate development in Nairobi and its environs with major developments under its belt.