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NSSF set to build 30,000 housing units in Mavoko

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Tito44		#1 Posted : Tuesday, September 18, 2012 8:22:28 AM
Rank: Member Joined: 12/16/2008 Posts: 111		http://www.businessdaily.../-/eqwfluz/-/index.html Where is this land located in Mavoko?
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webish		#2 Posted : Monday, July 28, 2014 3:56:12 PM
Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi		Anyone? Did you ever find out where this one is? Life is joy, death is peace, but the transition is very difficult.
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Ericsson		#3 Posted : Monday, July 28, 2014 4:20:01 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI		Don't worry you will know when they start building.The land is between mlolongo and Namanga junction somewhere there Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Goldilocks Reloaded		#4 Posted : Monday, July 28, 2014 4:58:05 PM
Rank: Member Joined: 1/14/2014 Posts: 178		I thought NSSF has just come from reducing its reliance on real estate to comply with Govt directive. Or will this project be insignificant in their portfolio? See today's BD Page 20. The intro paragraph reads "NSSF has for the first time complied with the rule capping real estate holdings to 30% of total investment portfolio" Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Goldilocks Reloaded		#5 Posted : Monday, July 28, 2014 5:00:39 PM
Rank: Member Joined: 1/14/2014 Posts: 178		For goodness sake that's a post of 17th September 2012 when Kibaki was still President and Njeru Githae Finance Minister!!! Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Gordon Gekko		#6 Posted : Monday, July 28, 2014 7:57:17 PM
Rank: Elder Joined: 5/27/2008 Posts: 3,760		Goldilocks Reloaded wrote: I thought NSSF has just come from reducing its reliance on real estate to comply with Govt directive. Or will this project be insignificant in their portfolio? See today's BD Page 20. The intro paragraph reads "NSSF has for the first time complied with the rule capping real estate holdings to 30% of total investment portfolio" Depends on how you classify property. Assets like Bruce House, where the property is not for sale, it's classified as PPE (Property, Plant & Equipment). When property is constructed for sale, it isn't PPE, but an investment. By reclassifying Nyayo Embakasi from PPE to investments, they reduced PPE to the required ratio. Question of course will be why Nyayo was PPE in the first place, I suspect it had stalled for a long time which meant it wasn't an investment.
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webish		#7 Posted : Friday, August 01, 2014 2:37:24 PM
Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi		Ericsson wrote: Don't worry you will know when they start building.The land is between mlolongo and Namanga junction somewhere there Indeed. Life is joy, death is peace, but the transition is very difficult.
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webish		#8 Posted : Friday, August 01, 2014 2:40:42 PM
Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi		Gordon Gekko wrote: Goldilocks Reloaded wrote: I thought NSSF has just come from reducing its reliance on real estate to comply with Govt directive. Or will this project be insignificant in their portfolio? See today's BD Page 20. The intro paragraph reads "NSSF has for the first time complied with the rule capping real estate holdings to 30% of total investment portfolio" Depends on how you classify property. Assets like Bruce House, where the property is not for sale, it's classified as PPE (Property, Plant & Equipment). When property is constructed for sale, it isn't PPE, but an investment. By reclassifying Nyayo Embakasi from PPE to investments, they reduced PPE to the required ratio. Question of course will be why Nyayo was PPE in the first place, I suspect it had stalled for a long time which meant it wasn't an investment. Worthy to note . Had read the article but did not think of it that way. Life is joy, death is peace, but the transition is very difficult.
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