The US Embassy has inked a deal with by Gateway Real Estate Africa (“Gateway Africa”) and Verdant Ventures that will see its staff enjoy exclusive housing units as tenants in the expansive Rosslyn Ridges off Limuru road.
The seven acre land will house 90 diplomatic units, designed as apartment complex.
Construction of the apartment starts this October and expected to last two years. During its construction phase, it is expected to create 1,100 direct and 500 indirect jobs to be created.
The complex marks Gateway Africa and Verdant Ventures’ first development in Kenya, following a successful partnership on a similar project in Ethiopia.
Greg Pearson, founding member and CEO of Gateway Africa, and Russ Murphy, CEO of Verdant Ventures released a joint statement said they are proud to have the US Government as a major tenant. “This project further cements the relationship between Gateway Africa and Verdant Ventures following our successful collaboration in the past. Kenya represents an important base for us from which we can build into the rest of East Africa, and we are excited about the real estate prospects in Nairobi.”
Aevitas Group, in collaboration with a local Kenyan architecture firm, Design Partnership Ltd, has been tasked to design this quality development.
“We will be making use of both local and international architects, mechanical and electrical consultants as well as civil and structural engineers. Services such as quantity surveying, project management, construction and other sub-contracting services will be sourced locally, as we have had success previously with local companies such as MaceYMR. Materials will be sourced locally as far as possible, with only specialist items being imported,” Pearson concluded.
Dhahabu Kenya was unable to establish the size of the units as well as overall costs as they are considered sensitive by the U.S government.
Gateway Africa is a Mauritius-based private real estate development company specializing in the turnkey construction of accommodation for multinational corporations and retailers wishing to expand their operations on the African continent.
Verdant Ventures is a US-based real estate development company focused on diplomatic housing in Africa. The landowner, Nebange Limited, will be a profit participant in the partnership.
The completion date is earmarked for April 2022.