Mi Vida breaks ground for three more projects

November 23, 2023

November 23, 2023


Property developer, Mi Vida Homes, has commenced construction of its three key projects, namely Amaiya, 237 GC anchored within Nairobi’s Garden City Development and KEZA in Riruta, Nairobi.

The developer is targeting a mixture of investors and homeowners who are looking for affordable and quality houses within and without the city. KEZA is a 1,150-unit affordable housing project in the Riruta area of Nairobi County with a mix of studio, one, two, and three-bedroom apartments. The demand for such houses has been on the rise.

Amaiya is the second phase of the developer’s mid-market product within Garden City in Nairobi. It follows the successful sale and completion of Mi Vida’s first project within the precinct. The project comprises one and two-bedroom duplexes and three-bedroom units. 237 GC is a 640-unit affordable housing project within the Garden City community, with a mix of studio, one and two-bedroom apartments.

Institutional offtake

It includes a component of bulk institutional offtake that was recently announced by Mi Vida.

“237 offers high-quality housing within Garden City, complemented by a diverse array of amenities. Life in this community grants you access to a variety of essential services, including supermarkets, delis, over 100 retail shops, restaurants, as well as financial and health facilities,” said Mi Vida Homes Chief Executive Samuel Kariuki.

Commenting on the groundbreaking events, Mr Kariuki noted that this was a significant milestone in keeping the company’s promise to its customers.

“The projects are fully funded, and the current phases are more than 80 percent pre-sold. I am confident that they will be delivered on time, in meeting our customers expectations,” he noted.

He said the mixed-use developments have proven to be increasingly appealing to tenants compared to standalone developments.

“They boast impressive returns, including an up to 13 percent yield across completed projects. Furthermore, the modern home buyer is more informed and wants value beyond the unit they purchase,” said Kariuki. [Graham Kajilwa, The Standard]

Read the story here.

 


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Mi Vida breaks ground for three more projects

November 23, 2023

November 23, 2023


Property developer, Mi Vida Homes, has commenced construction of its three key projects, namely Amaiya, 237 GC anchored within Nairobi’s Garden City Development and KEZA in Riruta, Nairobi.

The developer is targeting a mixture of investors and homeowners who are looking for affordable and quality houses within and without the city. KEZA is a 1,150-unit affordable housing project in the Riruta area of Nairobi County with a mix of studio, one, two, and three-bedroom apartments. The demand for such houses has been on the rise.

Amaiya is the second phase of the developer’s mid-market product within Garden City in Nairobi. It follows the successful sale and completion of Mi Vida’s first project within the precinct. The project comprises one and two-bedroom duplexes and three-bedroom units. 237 GC is a 640-unit affordable housing project within the Garden City community, with a mix of studio, one and two-bedroom apartments.

Institutional offtake

It includes a component of bulk institutional offtake that was recently announced by Mi Vida.

“237 offers high-quality housing within Garden City, complemented by a diverse array of amenities. Life in this community grants you access to a variety of essential services, including supermarkets, delis, over 100 retail shops, restaurants, as well as financial and health facilities,” said Mi Vida Homes Chief Executive Samuel Kariuki.

Commenting on the groundbreaking events, Mr Kariuki noted that this was a significant milestone in keeping the company’s promise to its customers.

“The projects are fully funded, and the current phases are more than 80 percent pre-sold. I am confident that they will be delivered on time, in meeting our customers expectations,” he noted.

He said the mixed-use developments have proven to be increasingly appealing to tenants compared to standalone developments.

“They boast impressive returns, including an up to 13 percent yield across completed projects. Furthermore, the modern home buyer is more informed and wants value beyond the unit they purchase,” said Kariuki. [Graham Kajilwa, The Standard]

Read the story here.