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Tatu City: A Dream that Will Never Materialize
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mawinder
#21 Posted : Friday, October 10, 2014 8:25:41 AM
Rank: Elder


Joined: 4/30/2008
Posts: 6,029
mv_ufanisi wrote:
Centum should take over this project and get it done.

If they make such an announcement, expect Centum shares to hit Kshs. 2000 overnight!!!!
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webish
#22 Posted : Friday, October 10, 2014 8:55:42 AM
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Joined: 10/19/2009
Posts: 671
Location: Nairobi
Not sure how these events they are organizing work for them..

This time, they invited us for a "Morning Coffee run" ... November 8th.
If i'm free, I will go and hear what they say during the talks afterwards...

Life is joy, death is peace, but the transition is very difficult.
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Ericsson
#23 Posted : Friday, October 10, 2014 9:09:11 AM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Centum taking over Tatu City is a dream;they don't have the money and they are so much stretched in terms of the debt they have taken.
Two Rivers project they ceded 42% to the investor who pumped in $70mn and are now left with 58%.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mv_ufanisi
#24 Posted : Friday, October 10, 2014 10:55:52 AM
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Joined: 1/15/2010
Posts: 625
Ericsson wrote:
Centum taking over Tatu City is a dream;they don't have the money and they are so much stretched in terms of the debt they have taken.
Two Rivers project they ceded 42% to the investor who pumped in $70mn and are now left with 58%.


I think once Centum complete Two Rivers, they will have shown that they have the capacity to undertake a world class mega project. The core competencies required to do a Tatu City would be in place. Financing should not be such a big problem for them; they don't have to fully own the project and they could do a REIT or raise money for that purpose.
There are very few Kenyan companies that have the capability to undertake such a project.
I hope the Tatu City land will not end up being subdivided into little plots to create another slum-like unplanned eyesore.
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african coloner
#25 Posted : Friday, October 10, 2014 12:28:50 PM
Rank: Member


Joined: 10/8/2010
Posts: 446
Location: london

I think once Centum complete Two Rivers, they will have shown that they have the capacity to undertake a world class mega project. The core competencies required to do a Tatu City would be in place. Financing should not be such a big problem for them; they don't have to fully own the project and they could do a REIT or raise money for that purpose.
There are very few Kenyan companies that have the capability to undertake such a project.
I hope the Tatu City land will not end up being subdivided into little plots to create another slum-like unplanned eyesore.[/quote]

I think this is what going to happen. The land will be subdivided into plots and sold to individuals. It could be another Runda if handled properly.
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Ericsson
#26 Posted : Friday, October 10, 2014 12:38:20 PM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
The issue is who is willing to buy the project at hyper inflated prices.
that is what caused tatu to stall.Price of plots was over hyperinflated
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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african coloner
#27 Posted : Friday, October 10, 2014 1:27:47 PM
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Joined: 10/8/2010
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Location: london
Ericsson wrote:
The issue is who is willing to buy the project at hyper inflated prices.
that is what caused tatu to stall.Price of plots was over hyperinflated


People will buy, price for 1/4 is 7m which i think is cheaper considering the prices of nearby membley which is not seviced. I think what they need to do is to give time limit between buying plot and construction.
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Ericsson
#28 Posted : Friday, October 10, 2014 1:34:36 PM
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african coloner;
1/4 at 7m is an over hype
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Jitahidi
#29 Posted : Friday, October 10, 2014 3:55:13 PM
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Joined: 5/8/2008
Posts: 288
webish wrote:
Not sure how these events they are organizing work for them..

This time, they invited us for a "Morning Coffee run" ... November 8th.
If i'm free, I will go and hear what they say during the talks afterwards...

@webish pls furnish the details of the morning coffee run I won't mind attending as we'll.
I agree with @African coloner 7M will be a bargain if they service the place. Me blew plots are same price for t
Same size and they are hard to get
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webish
#30 Posted : Monday, October 13, 2014 9:42:02 AM
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Joined: 10/19/2009
Posts: 671
Location: Nairobi
Jitahidi wrote:
webish wrote:
Not sure how these events they are organizing work for them..

This time, they invited us for a "Morning Coffee run" ... November 8th.
If i'm free, I will go and hear what they say during the talks afterwards...

@webish pls furnish the details of the morning coffee run I won't mind attending as we'll.
I agree with @African coloner 7M will be a bargain if they service the place. Me blew plots are same price for t
Same size and they are hard to get


https://twitter.com/Tatu...tatus/520513234332569600

Life is joy, death is peace, but the transition is very difficult.
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Jitahidi
#31 Posted : Monday, October 13, 2014 11:40:35 AM
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Joined: 5/8/2008
Posts: 288
Free Marathon within Tatu city..and then presentations..we will hear what they have on offer
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Liv
#32 Posted : Tuesday, July 14, 2015 10:22:15 PM
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Joined: 11/14/2006
Posts: 1,311
The dream seems to be materializing.... Or is it?

http://www.nation.co.ke/.../-/10xx1i2z/-/index.html
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Jitahidi
#33 Posted : Wednesday, July 15, 2015 8:27:43 AM
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Joined: 5/8/2008
Posts: 288
[quote=Liv]The dream seems to be materializing.... Or is it?

http://www.nation.co.ke/...-/10xx1i2z/-/index.html[/quote]
Kenyans forgot about this dream. Its no longer getting the attention it was attracting.
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Jitahidi
#34 Posted : Friday, July 24, 2015 11:53:32 AM
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Joined: 5/8/2008
Posts: 288
Now Tatu City is trending on twitter through #InvestInTatuCity. We had written it off here at Wazua. They are targeting to benefit from
#GES2015Kenya
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sqft
#35 Posted : Friday, July 24, 2015 2:09:52 PM
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Joined: 1/10/2015
Posts: 961
Location: Kenya
I think a 1/4acre residential plot at Tatu city at 7.5m is a very good deal.

http://www.tatucity.com/...esidential-kijani-ridge/
Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
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FundamentAli
#36 Posted : Wednesday, July 29, 2015 9:34:12 AM
Rank: Veteran


Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
mv_ufanisi wrote:
Ericsson wrote:
Centum taking over Tatu City is a dream;they don't have the money and they are so much stretched in terms of the debt they have taken.
Two Rivers project they ceded 42% to the investor who pumped in $70mn and are now left with 58%.


I think once Centum complete Two Rivers, they will have shown that they have the capacity to undertake a world class mega project. The core competencies required to do a Tatu City would be in place. Financing should not be such a big problem for them; they don't have to fully own the project and they could do a REIT or raise money for that purpose.
There are very few Kenyan companies that have the capability to undertake such a project.
I hope the Tatu City land will not end up being subdivided into little plots to create another slum-like unplanned eyesore.

I heard they ceded 62% to the Chinese contractor AVIC. Correct me if I am wrong
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Ericsson
#37 Posted : Wednesday, July 29, 2015 9:42:03 AM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
@FundamentAli
They ceded 38% stake to AVIC and 4% stake to ICDC
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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subzero
#38 Posted : Wednesday, July 29, 2015 12:26:58 PM
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Joined: 1/10/2008
Posts: 365
7.5M for a quarter is not bad.

however, there is fine print.
--You must build within 5 years, and you must choose one of their approved plans
--You'll be paying a service charge of 20k per month , after buying the plot, (someone is paying that same 20k for rent). However, 5year service charges have been included in the cost.

anyway, just wondering how successful they have been in selling the plots so far,
surprised they decided to employ an army of tweeps to promote tatucity on social media
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TheGeek
#39 Posted : Monday, September 07, 2015 7:29:26 PM
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Joined: 7/3/2014
Posts: 245
http://www.businessdaily.../1/-/kj2569/-/index.html
In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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Dahatre
#40 Posted : Thursday, October 08, 2015 1:25:00 PM
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Joined: 12/21/2009
Posts: 602
A drama known as "Alice in Nyagahland"


TheGeek wrote:
http://www.businessdailyafrica.com/Corporate-News/Tatu-City-wars-threaten-Sh4bn-Titus-Muya-land-deal/-/539550/2860888/-/item/1/-/kj2569/-/index.html
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