MarketPlace

Real estate firm set to complete Sh8bn coastal homes

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Superior Homes Kenya MD Ian Henderson. FILE PHOTO | NMG

Real estate firm Superior Homes is nearing completion of the first phase of houses at its Sh8 billion Pazuri Property, paving the way for homeowners to move into the units.

The firm said that the construction of some 14 units that consist of two-bedroom, three-bedroom and four-bedroom villas is more than 90 percent complete. Ten of the units have already been sold.

The Pazuri Property, adjacent to the Vipingo Ridge Golf Club, will have a total of 372 units whose prices range from Sh12 million to Sh20 million.

“We are nearing completion of 14 units and we expect the homeowners to move in before March,” the real estate firm said.

The development will have 172 two-bedroom bungalow units, 112 three-bedroom bungalow units and 43 four-bedroom villas.

Two-bedroom units will go for Sh12.98 million while the three-bedroom units will retail at Sh16.98 million. The four-bedroom villas will go for Sh20.98 million.

Homeowners will enjoy amenities such as a sundowner, tennis courts, horse stables, mountain biking and a beach club on the edge of the Kuruwitu Marine Sanctuary.

The property is located less than an hour’s drive from the Standard Gauge Railway (SGR) Mombasa terminus and the Moi International Airport.

Pazuri is Superior Homes’ latest property in a line that also includes Kenya’s first commercial retirement home property, Fadhili Care at GreenPark in Athi River.

Superior Homes that is majority owned by the family of former CEO Ian Henderson, is financing the project from its coffers.