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Developer unveils 400-acre Kiambu real estate project

Property developer Tilisi Developments Ltd has launched a 400-acre mixed use real-estate development in Kiambu that will have more than 3,200 houses and a logistics park.

The first phase of the new Limuru Housing Estate will involve construction of common-use infrastructure, apartments, maisonettes and townhouses.

Apartments will eventually number 2,000, with the rest being townhouses and maisonettes.

The developer has set aside 178 acres for the residential houses, 85 acres for the logistics centre and eight acres for schools.

Tilisi co-chief executive Kavit Shah said the logistics centre will mainly target companies with insufficient warehousing capacity.

According to Mr Shah, the centre will host light industries, warehouse and repackaging facilities, shops, petrol stations, parks and public service vehicle bays.

“We see the Tilisi logistics estate as a key contributor to Kenya’s economic growth and success, with many companies now suffering insufficient warehousing capacity and insufficient access to facilities for repackaging and dispatch,” said Mr Shah.

The logistics park will have 17 five-acre lots for the warehouses and packaging centres, each with its own shops, petrol stations and bus bays.

While the plan allows for individuals to put up housing units, Tilisi will continue to manage the estate, providing garbage collection services, water and power supply, roads and drainage, street lighting and CCTV.

“We are also in advanced negotiations with Kiambu County and Kenya Railways to ensure we can get a commuter station on the eastern side of our suburb,” he added.

Tilisi is an alliance of developers including shareholders of Chigwell Holdings, Greenspan Investments and Solitaire Developments.

It is putting up core infrastructure at the development linking the different developers taking up five-acre parcels of land to build homes for sale.
The developer did not disclose the initial capital outlay for the project or the source of financing.

The estate will be styled along such other developments in Kiambu that have taken advantage of huge parcels of land previously used for farming. They include Thika Greens, Buffalo Springs and Bahati Ridge, Tatu City, Albizzia Downs Estate, Migaa as well as Northlands.

The mixed use developments mainly incorporate residential houses, malls, schools and health facilities while some include golf courses.

Property dealers have pointed out that the growing market for middle income and high-end gated communities located outside Nairobi has been driven by congestion of traditional estates due to changes in zoning restrictions and poor planning.

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