Real estate sector attracts investors amid high returns

Kenya’s real estate sector is attracting big investments as investors seek to cash in on huge housing deficit, high returns and infrastructural development amid stable political climate environment.

The past months have seen several investors announce projects that include building of houses, student hostels, office blocks and hotels.

Among them is Cool Breeze Development Limited, a Nairobi-based group of investors, which last week unveiled plans to construct five 14-floor blocks in a gated community in Nairobi.

The development would consist of 120 studio apartments, 240 one-bedroom apartments, 148 two-bedroom units and 16 three-bedroom units.

 

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