Wazua
»
Investor
»
Stocks
»
Insightful take on Nairobi Real Estate
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
wukan wrote:Kate_Mbarire wrote:Wukan. Is it Edermann that has been contracted by GOK under the affordable housing agenda now by SONKO to build a HIGE number of units in NGARA?Old Ngara? No Edermann is doing its development on its own private property. The affordable housing under sonko was Public private partnership commenced under kidero Quote:Under the plan, Kiewa Group Limited will spend Sh7 billion to redevelop the Old Ngara Estate, which will have 840 apartment units. Jabavu Village Limited will build 1,470 apartments at Jevanjee Estate, opposite Kariokor Market at a sum of Sh9.1 billion while Sovereign Group Limited will develop 1,050 units at Pangani Estate for Sh7 billion. KCB will put in Sh9 billion to build 1,050 units at the New Ngara Estate; Stanlib Kenya Limited will spend Sh3.7 billion to put up 1,050 apartment units at Uhuru Estate and Directline Assurance Limited will redevelop Suna Road Estate at a cost of Sh3.5 billion, which will comprise 1,050 units. https://www.businessdail...3898-mru9cfz/index.html
This more of hadithi hadithi projects unlikely to take off any time soon. By the time the tenants fight it out in court it will be 5 years even before ground-breaking When South Africans lament about state capture i wonder what they are talking about Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: New-farer Joined: 9/4/2018 Posts: 64 Location: Nairobi
|
wukan wrote:Kate_Mbarire wrote:Wukan. Is it Edermann that has been contracted by GOK under the affordable housing agenda now by SONKO to build a HIGE number of units in NGARA?Old Ngara? No Edermann is doing its development on its own private property. The affordable housing under sonko was Public private partnership commenced under kidero Quote:Under the plan, Kiewa Group Limited will spend Sh7 billion to redevelop the Old Ngara Estate, which will have 840 apartment units. Jabavu Village Limited will build 1,470 apartments at Jevanjee Estate, opposite Kariokor Market at a sum of Sh9.1 billion while Sovereign Group Limited will develop 1,050 units at Pangani Estate for Sh7 billion. KCB will put in Sh9 billion to build 1,050 units at the New Ngara Estate; Stanlib Kenya Limited will spend Sh3.7 billion to put up 1,050 apartment units at Uhuru Estate and Directline Assurance Limited will redevelop Suna Road Estate at a cost of Sh3.5 billion, which will comprise 1,050 units. https://www.businessdail...3898-mru9cfz/index.html
This more of hadithi hadithi projects unlikely to take off any time soon. By the time the tenants fight it out in court it will be 5 years even before ground-breaking Thank you Wukan AS ALWAYS.But I think this affordable housing will happen.thisnis Uhuru and his flagship project therefore he MUST see it's done because it's his legacy in his final term....
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,935
|
Kate_Mbarire wrote:wukan wrote:Kate_Mbarire wrote:Wukan. Is it Edermann that has been contracted by GOK under the affordable housing agenda now by SONKO to build a HIGE number of units in NGARA?Old Ngara? No Edermann is doing its development on its own private property. The affordable housing under sonko was Public private partnership commenced under kidero Quote:Under the plan, Kiewa Group Limited will spend Sh7 billion to redevelop the Old Ngara Estate, which will have 840 apartment units. Jabavu Village Limited will build 1,470 apartments at Jevanjee Estate, opposite Kariokor Market at a sum of Sh9.1 billion while Sovereign Group Limited will develop 1,050 units at Pangani Estate for Sh7 billion. KCB will put in Sh9 billion to build 1,050 units at the New Ngara Estate; Stanlib Kenya Limited will spend Sh3.7 billion to put up 1,050 apartment units at Uhuru Estate and Directline Assurance Limited will redevelop Suna Road Estate at a cost of Sh3.5 billion, which will comprise 1,050 units. https://www.businessdail...3898-mru9cfz/index.html
This more of hadithi hadithi projects unlikely to take off any time soon. By the time the tenants fight it out in court it will be 5 years even before ground-breaking Thank you Wukan AS ALWAYS.But I think this affordable housing will happen.thisnis Uhuru and his flagship project therefore he MUST see it's done because it's his legacy in his final term.... Legacy legacy legacy, 3.5 years remaining. Remember this year's budget figures don't add up & next year & subsequent ones will be worse. Nothing will be done unless they go PPP which will result in mass affordability issues. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
|
Kate_Mbarire wrote:wukan wrote:Kate_Mbarire wrote:Wukan. Is it Edermann that has been contracted by GOK under the affordable housing agenda now by SONKO to build a HIGE number of units in NGARA?Old Ngara? No Edermann is doing its development on its own private property. The affordable housing under sonko was Public private partnership commenced under kidero Quote:Under the plan, Kiewa Group Limited will spend Sh7 billion to redevelop the Old Ngara Estate, which will have 840 apartment units. Jabavu Village Limited will build 1,470 apartments at Jevanjee Estate, opposite Kariokor Market at a sum of Sh9.1 billion while Sovereign Group Limited will develop 1,050 units at Pangani Estate for Sh7 billion. KCB will put in Sh9 billion to build 1,050 units at the New Ngara Estate; Stanlib Kenya Limited will spend Sh3.7 billion to put up 1,050 apartment units at Uhuru Estate and Directline Assurance Limited will redevelop Suna Road Estate at a cost of Sh3.5 billion, which will comprise 1,050 units. https://www.businessdail...3898-mru9cfz/index.html
This more of hadithi hadithi projects unlikely to take off any time soon. By the time the tenants fight it out in court it will be 5 years even before ground-breaking Thank you Wukan AS ALWAYS.But I think this affordable housing will happen.thisnis Uhuru and his flagship project therefore he MUST see it's done because it's his legacy in his final term.... The unraveling of the R.E. "expertise" of your hero?  Kenyans love to link things to personalities Did they forget that we have something called Vision 2030 independent of regime in power? And who said Uhuru will not be here after 2022? It always amuses me when people say something has "failed" before it has even started. They said the same thing about Seacom/TEAMSS -ooo it has failed and will be too expensive; now they are surfing nywee on it. They said the same thing about Thika Superhighway - oo it has failed and will be too expensive. Now they are driving sweetly over it and it has created a multitrillion economic corridor that has made property prices shoot to the skies They said the same thing about SGR - ooooo it has failed and it is too expensive. They even delayed it by going to court. Wapi? Cargo and passenger numbers are booming to the skies as we speak and improving monthly Now this. Let them keep crying tu as our economy powers on beautifully at 6.3% this quarter and Big 4 housing will shock them once it breaks ground in the very near future.
|
|
|
Rank: Veteran Joined: 11/13/2015 Posts: 1,654
|
Kate_Mbarire wrote:
Thank you Wukan AS ALWAYS.But I think this affordable housing will happen.thisnis Uhuru and his flagship project therefore he MUST see it's done because it's his legacy in his final term....
Maybe around 2025-2030. Look at how the civil servants have been fighting re-development. They got an injunction in 2015 the case was determined in 2018. They are now moving to the court of appeal maybe another 3 years there. Moving guys on welfare status is really problematic. Those guys in ngara paying 8-10k for 3 bd flats ain't moving any time soon. The only affordable housing you will see under Uhuru is maybe Park road which the only site ready for ground-breaking. GoK wants the first 400 units done within 6 months of handing over. This project has been re-tendered over and over and fresh tender was done in Oct 2018 so you should be lucky if the chinese contractors don't fight the procurement in court. Quote:The Petitioners also aver that on 2nd September 2014, they received notices to vacate dated 29th August 2014 entitled "Proposed Re-development of Starehe Government Estate, Nairobi" and "Proposed Redevelopment of Shauri Moyo Government Estate, Nairobi, to the effect that the said estates had been earmarked for redevelopment by the first Respondent in partnership with the private sector. They aver that they were required to vacate the said premises by 30th November 2014 to give way for the said re-development. http://kenyalaw.org/caselaw/cases/view/153029/
|
|
|
Rank: Veteran Joined: 11/13/2015 Posts: 1,654
|
Here is another fight between Edermann and Lordship Africa over the Ngong road sites. http://kenyalaw.org/caselaw/cases/view/149362
Quote:I invoke Article 165(6) and (7) of the Constitution and call into this court the entire procurement process which were irregularly conducted by the procuring entity and issue Certiorari removing into the High Court and I hereby quash the proceedings leading to the decision of the Nairobi City County dated 2nd August 2017 to award Tender No. NCC/UR&H/T/514/2016-2017 for Request for Proposal (RFP) for the Urban Renewal and Redevelopment of Phase 2 – Ngong’ Road Estate through Joint Venture Partnership to Ederman Property Limited.
3. I hereby direct and order the Nairobi City County the procuring entity herein to commence a fresh procurement process with respect to Tender No. NCC/UR&H/T/514/2016-2017 for Request for Proposal (RFP) for the Urban Renewal and Redevelopment of Phase 2 – Ngong’ Road Estate through Joint Venture Partnership, which procurement process shall accord with the established law and procedures.
|
|
|
Rank: Veteran Joined: 11/13/2015 Posts: 1,654
|
Quote:A deal where current occupants of Nairobi estates earmarked for demolition, will get free apartments could finally unlock the city mass housing standoff. The plan, if it sees the light of day, is likely to chop down the number of cases lodged by tenants of government and council houses who are crying foul citing non-involvement. Urban Renewal Project for five pioneer Nairobi estates is poised for ground breaking this month after Nairobi County and the national government agreed on modalities for relocation of tenants to facilitate handing over of project sites to contracted developers. https://mobile.nation.co...49346-nei9bi/index.html
|
|
|
Rank: New-farer Joined: 9/4/2018 Posts: 64 Location: Nairobi
|
wukan wrote:Quote:A deal where current occupants of Nairobi estates earmarked for demolition, will get free apartments could finally unlock the city mass housing standoff. The plan, if it sees the light of day, is likely to chop down the number of cases lodged by tenants of government and council houses who are crying foul citing non-involvement. Urban Renewal Project for five pioneer Nairobi estates is poised for ground breaking this month after Nairobi County and the national government agreed on modalities for relocation of tenants to facilitate handing over of project sites to contracted developers. https://mobile.nation.co...49346-nei9bi/index.html
Yeah...Wukan thought so...these guys will try JUU CHINI to actualise this before their term ends .Politicians of these days....All about themselves
|
|
|
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
|
Ka-BOOM. Here comes the big four https://www.capitalfm.co...zWjEqDasAZNYYRwIGnwy7Wg
Let the naysayers croak their feeble misgivings to the high heavens! Unstoppable Kenya is moving forward  
|
|
|
Rank: Veteran Joined: 11/13/2015 Posts: 1,654
|
Hadithi hadithi hadithi njoo  Quote:he groundbreaking ceremony for 500,000 affordable houses by the government will be held on December 11 at Parklands, Nairobi. Housing Principal Secretary Charles Mwaura told a parliamentary committee the houses, which will be built in the next four years, will cost Sh1.3 trillion and are aimed at ensuring middle-income households have access to decent and affordable dwellings. Mr Mwaura told the National Assembly Transport, Public Works and Housing Committee that there will be three categories of houses that will be available to Kenyans depending on the level of income: social, low-cost and mortgage gap. https://www.nation.co.ke...74962-e5ksw2/index.html
|
|
|
Wazua
»
Investor
»
Stocks
»
Insightful take on Nairobi Real Estate
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|