KCB seeks partnership in Sh6bn homes, offices plan

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A KCB branch in Nairobi. FILE PHOTO | NMG

KCB Group #ticker:KCB is seeking partners to build 5,786 residential homes and commercial buildings worth Sh6.035 billion on its prime land along Thika Road as it seeks to a piece of the growing property market on the outskirts of the city.

The lender said it would enter into a joint venture (JV) with a real estate developer and create a special purpose vehicle (SPV) to finance and develop its 153.17 acres land prime land in Juja near the Thika Superhighway.

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