A4architect
a4architect posts
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Utawala, Nairobi. Apartment construction on a 30 x60 ft plot.
Utawala area is located 22km from the Nairobi CBD. It has close proximity to Jomo Kenyatta International Airport, hence most surrounding buildings are ground and 2 floors up, restricting vertical construction to give way for flight paths. This is the same situation in South C around Wilson airport. Notable buildings are Fahari hotel and Kinka…
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Kangundo road Koma roack area Real Estate returns.
Kangundo road Koma roack area is approximately 13 km form the Nairobi CBD, making it easily accesible by Nairobi city workers. The Koma rock that is 13 km is different from the actual Koma rock, located near Kangundo town, 60 km from the Nirobi CBD. The 60km town called Koma has an actual rock hence…
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Real Estate investment options in Kenya.
Investing in Real estate in Kenya is mainly in the below options. Buy land then sell after a few years. Buy land then build property for sale or rent. Get together with other like minded investors and invest in a R.E.I.T or Joint Venture. Easy access to Professional consultancy services. Out of the 3, pooling…
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Joint Venture financing on a 1.2 acre plot in Upper Hill, Nairobi.
Joint Venture financing for construction projects is a good way of financing commercial office block projects around Nairobi. Land location. The Land is located along Elgon road in Upper Hill, Nairobi, near Kadhis court. The land is 1.2 acres in size. An estimation of the value is approximately kes 600 million, which is around…
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Housing Estate Joint Venture near Paradise Lost.
This housing estate is located near Paradise Lost, off Kiambu road, just after Runda. The land size is 40 acres. Assuming a land value of kes 40m per acre, the total contribution from the land owner is kes 1.6 billion. The land can hold 280 luxurious housing units , each sitting on a 1/8th…
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Joint Venture development on a 3/4 acre plot in Kikuyu town.
The land is located next to the main tarmac road near Kikuyu town. There are nearby apartment type buildings such as Westpoint heights, selling at kes 7.5m per 2 bedroomed unit. Total construction cost. The total construction cost, including value of land, bank loan interest, marketing etc is kes 375,000,000. With an assumed land value…
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Key issues to consider in Joint Venture arrangement for construction and Real Estate.
Once the land owner and financier mutually agree to undertake a joint venture, below are key points that should drive the joint venture to success. Registration of a Limited Liability company special purpose vehicle. This is a limited liability company where both the land owner and financier will own shares depending on each contribution. The…
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How Joint Venture Investments work .
Joint venture investments in real estate around Nairobi has now become a common feature. A joint venture is a marriage of convenience between a land owner and a financier. Each one has something that the other lacks eg the land owner has land but no funds and technical know-how to construct, the financier has the…
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Tips for signing Joint Venture agreements between land owners and financiers in Kenya
Joint Venture financing options are a good way of unlocking land potential in Kenya, where land value keeps rising by the day. A few incidences have been recorded where the land owners have been left holding the shorter end of the stick after a joint venture deal. A few land owners whom i have met…
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Issues to consider in a Joint Venture construction project in Kenya.
Joint venture financing comes in handy when an owner of prime land does not have the finances to construct. Usually, land is around 15 to 20% of the total cost of the project. For the land owner to fund the rest of the 80%, the huge amounts make it a Herculean task to fund, hence…