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Real estate firm Suraya secures Sh1.6bn to complete projects

A Suraya Property Group marketing executive (left) shows clients the Four Ways Junction project model at the Nairobi Agricultural Society of Kenya Show in 2015. FILE PHOTO | NMG

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By  Victor Raballa

Senior Reporter

Nation Media Group

Suraya Property Group has secured Sh1.6 billion financing from four banks to complete mega housing projects, whose construction had fallen behind schedule due to the biting liquidity crisis that has hit the property sector as a result of interest rate capping.

The cash injection hands the company the much-needed lifeline to complete the projects.

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