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Real Estate

Broke Former MP Erastus Mureithi to Lose Entire Property Portfolio over Sh1.6 Billion Unpaid Loan
Real Estate

Broke Former MP Erastus Mureithi to Lose Entire Property Portfolio over Sh1.6 Billion Unpaid Loan

Former Ol Kalou MP Erastus Mureithi is set to lose almost all properties registered under his name over a Sh1.6 billion unpaid loan. This comes after Keysian Auctioneers put on sale thirty four parcels of land belongi…

Nov 13, 2018
Gov't Announces Resumption of Demolition of Illegal Buildings in Nairobi
Real Estate

Gov't Announces Resumption of Demolition of Illegal Buildings in Nairobi

The demolition of illegal buildings in Nairobi is set to resume this week after the National Treasury released funds for the operation. National Building Inspectorate chairman Moses Nyakiongera says several property o…

Nov 12, 2018
Court Clears Way for President Kenyatta to Put Up 7,000 Housing Units in Nairobi's Shauri Moyo Estate
Real Estate

Court Clears Way for President Kenyatta to Put Up 7,000 Housing Units in Nairobi's Shauri Moyo Estate

The government can continue with plans of putting up more than 7,000 housing units in Nairobi's Shauri Moyo estate, the High Court has ruled. The ruling comes after 300 civil servants moved to court seeking to have th…

Nov 8, 2018
Relief for Home Owners at Nairobi’s Seefar Apartments as Demolition Notice is Pushed to Next Year
Real Estate

Relief for Home Owners at Nairobi’s Seefar Apartments as Demolition Notice is Pushed to Next Year

Home owners at Nairobi's Seefar Apartments can breath a temporary sigh of relief after the government extended the demolition notice for a period three months. The Water Resources Management Authority (Warma) has exte…

Nov 1, 2018
Home Owners Demonstrate over Planned Demolition of Nairobi's Seefar Apartments
Real Estate

Home Owners Demonstrate over Planned Demolition of Nairobi's Seefar Apartments

Residents of Nairobi's Seefar Apartments have  taken to the streets to protest the planned demolition of their homes. The more than 200 home owners marched to the National Environmental Management Authority (NEMA) off…

Oct 27, 2018
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President Kenyatta's Cheap Houses Plan Gets Sh21 Billion Boost
Real Estate

President Kenyatta's Cheap Houses Plan Gets Sh21 Billion Boost

President Kenyatta on Tuesday signed into law the Supplementary Appropriation Bill No. 2 of 2018. The law requires the National Treasury to issue Sh47 billion from the Consolidated Fund for the provision of various go…

Oct 23, 2018
House Owners at Seefar Apartments Begin Moving Out as Demolition Looms
Real Estate

House Owners at Seefar Apartments Begin Moving Out as Demolition Looms

A section of Seefar Apartments' house owners have began moving out after the government issued a 30-day demolition notice last week. Some trucks have been spotted shipping out items from the 12-storey apartments locat…

Oct 21, 2018
Revealed: Deputy President William Ruto Borrowed Sh1.3 Billion from Two Banks Using Weston Hotel Title
Real Estate

Revealed: Deputy President William Ruto Borrowed Sh1.3 Billion from Two Banks Using Weston Hotel Title

Details of how Deputy President William Ruto used the title deed of the land where Weston Hotel sits to secure a loan of Sh1.3 Billion from two Kenyan banks have emerged. The Deputy President borrowed Sh100 million fr…

Oct 20, 2018
Governor Mike Sonko to Build 200,000 Cheap Housing Units for Sale to Nairobi Residents
Real Estate

Governor Mike Sonko to Build 200,000 Cheap Housing Units for Sale to Nairobi Residents

Nairobi Governor Mike Sonko has revealed plans by his administration to built 200,000 low-cost housing units in the next five years for sale to city residents. Sonko said the project is in line with President Kenyatta…

Oct 15, 2018
Late Nyeri Governor Nderitu Gachagua's Family Fights to Save Sh1.2 Billion Nairobi Building from Demolition
Real Estate

Late Nyeri Governor Nderitu Gachagua's Family Fights to Save Sh1.2 Billion Nairobi Building from Demolition

The late Nyeri Governor Nderitu Gachagua's family has moved to court to block the government's intention to demolish a building in Nairobi whose value is estimated at Sh1.2 billion. Gachagua, who passed away in Februa…

Oct 15, 2018
Expensive Nairobi Mall Offers 6-Month Free Rent Space in Bid to Attract Tenants
Real Estate

Expensive Nairobi Mall Offers 6-Month Free Rent Space in Bid to Attract Tenants

An expensive shopping mall located in Nairobi's upmarket Runda estate has announced it is offering free space in a move aimed at attracting tenants. This comes after the mall allegedly failed to attract businesses in…

Oct 15, 2018
Gov't Targets Seefar Apartments in Nairobi as Crackdown on Illegal Buildings Continues
Real Estate

Gov't Targets Seefar Apartments in Nairobi as Crackdown on Illegal Buildings Continues

The government has issued a 14-day notice to owners of Seefar Apartments in Nairobi's Nyayo Highrise estate to bring the building down. In a notice on Friday, the National Environment Management Authority (Nema) and W…

Oct 13, 2018
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Chinese Firms Line Up Billions for President Uhuru's Cheap Houses Project in Nairobi
Real Estate

Chinese Firms Line Up Billions for President Uhuru's Cheap Houses Project in Nairobi

Top Chinese companies have lined up billions of shillings for President Uhuru's cheap houses set to be built in Nairobi. The firms are jostling for the tender worth billions of shillings for the construction of 1, 500…

Oct 12, 2018
Inside President Uhuru Family's Mabati-Made Estate that Rakes in Millions Per Year
Real Estate

Inside President Uhuru Family's Mabati-Made Estate that Rakes in Millions Per Year

Details about a mabati-made estate in Kitengela belonging to President Kenyatta's family have emerged. The iron sheet estate, located in Kitengela area along Namanga Rd in Kajiado County rakes in millions of shillings…

Oct 12, 2018
Bizarre: Kenyan Architect Who Designed KICC Says He was Inspired by Donkey's Penis
Real Estate

Bizarre: Kenyan Architect Who Designed KICC Says He was Inspired by Donkey's Penis

Veteran Kenyan architect David Mutiso has shocked many Kenyans after explaining what inspired him when designing the Kenyatta International Conference Centre (KICC) about 50 years ago. Speaking in an interview with Ci…

Oct 9, 2018
Kenya, UN Sign Deal to Build 100,000 Cheap Houses Worth Sh1.3 Billion
Real Estate

Kenya, UN Sign Deal to Build 100,000 Cheap Houses Worth Sh1.3 Billion

Kenya and the United Nations have signed a deal that will have 100,000 cheap housing units constructed in the country. The project will be financed through a partnership between the Kenyan government and the United Na…

Sep 26, 2018
Africa's Tallest Skyscraper, Palm Exotjca to be Set Up in Watamu Beach, Malindi
Real Estate

Africa's Tallest Skyscraper, Palm Exotjca to be Set Up in Watamu Beach, Malindi

Watamu beach in Malindi, Kilifi County is set to be home of Africa's tallest skyscraper. Dubbed Palm Exotjca, the 61-storey tower will be 370 metres tall and overlooking the Malindi Marine National Park. The multi-bil…

Sep 22, 2018
Dubai Investors to Set Up Sh8 Billion Mini City in Juja
Real Estate

Dubai Investors to Set Up Sh8 Billion Mini City in Juja

Dubai-based investors have struck a deal for the setting up of a Sh8 billion mini city at Mang’u in Juja, Kiambu County, along the Nairobi-Thika highway. Capitaland East Africa chief executive officer Rogers Obure, wh…

Sep 16, 2018
World's Super-Rich Individuals Eye Property in Nairobi
Real Estate

World's Super-Rich Individuals Eye Property in Nairobi

The world's super-rich individuals are looking to own property in Kenyan capital Nairobi, a new report shows. Dubbed Inside View Kenya 2018, the report prepared by Knight and Frank shows that Nairobi is on the radar o…

Sep 12, 2018
President Kenyatta Kin Clashes with Real Estate Company over Ownership of Sh1 Billion Land
Real Estate

President Kenyatta Kin Clashes with Real Estate Company over Ownership of Sh1 Billion Land

President Uhuru Kenyatta’s cousin Kathleen Kihanya has claimed ownership of a prime parcel of land where an investment company is developing a Sh1 billion estate for sale. The businesswoman has accused Banda Homes of…

Sep 12, 2018
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