Market News

Chinese investor to build eight 34-storey apartments in Ngara


Workers at a construction site. FILE PHOTO | NMG

Chinese investor Zeyun Yang will construct eight 34-storey blocks, each housing 1,632 families, at Ngara estate just outside the Nairobi’s Central Business District (CBD).

Mr Yang through his firm Erdemann Property said Rier Estate Housing Development will include a shopping complex with 60 outlets, enabling residents to access essential purchases within the mixed-use facility.

The project, standing on a 2.302 hectares, will see 537 units of three bedrooms, 1,088 two bedrooms and seven one-bedroomed houses set up.

According to regulatory filings, Erdemann plans to set aside 875 parking slots for tenants as well as adequate space for children playgrounds.

READ: Nairobi 2017 building deals fall to Sh240bn on prolonged poll

To fast-track the development, the firm has requested for permission to upgrade Jadongo Road to improve access to the property.

The Environment Impact Assessment report sent to the National Environment Management Authority recommended implementation saying it will create jobs as well as a skills transfer platform for local workers.

“The proposed project will contribute to significant positive impacts in the area during its construction and operation phases.

Creation of employment opportunities, optimal use of land, incorporation of collective waste management practices, increase in revenue to the proponent, national and the county governments among others,” it said.

Erdemann, which entered Kenya in 2003, has built about 2,000 housing units and warehouses within Nairobi and Mombasa.

They include Mavokos Great Wall Gardens and Greatwall Apartments One (528 units of two-bedroom flats).

, Greatwall Apartments Two (384 units of three-bedroom apartments), Seefar Apartments that houses the 264 units of two-bedroom units and 24 units of three-bedroomed apartments in Mavoko.

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