Tatu Metropolis funding to supply fashionable houses, retail shops, workplaces, logistics centres in addition to a mosque all protecting roughly 60 acres of land.
Investor Abdiweli Hussein says designs already underway and building because of start inside one yr.
At present, Tatu Metropolis is among the prime addresses for residential and business builders in search of house, order, and fashionable infrastructure.
Nairobi’s booming actual property section is about to obtain an enormous enhance after Abdiweli Hussein, the proprietor of the most important mall in East and Central Africa introduced a $50.33 million (KES65 billion) plan to construct a combined use mission in Tatu Metropolis Particular Financial Zone.
In a market replace on Monday, Hassan mentioned his funding in Tatu Metropolis will see the constructing of recent houses, retail shops, workplaces, logistics centres in addition to a mosque all protecting roughly 60 acres of land.
This huge funding at a location about half-an-hour’s drive from Nairobi metropolis centre aligns with a rising development in Kenya’s capital the place upcoming city centres round Nairobi have developed into actual property funding magnets. The event timeline for the complete 60 acres is 10 years, with designs already underway and building because of start inside one yr, Hassan assertion to the media acknowledged partially.
Mr. Hassan has a monitor document of delivering market-leading developments. Enterprise Bay Sq., in Nairobi’s Eastleigh neighborhood, is the most important shopping center and leisure complicated in East and Central Africa, spanning over 130,000 sq. meters, with greater than 1,000 outlets and eating places.
“BBS Mall modified how individuals seen Eastleigh, exhibiting that considerate improvement can reshape neighborhoods and enhance how individuals reside and work,” mentioned Enterprise Bay Sq. Founder and Chairman Abdiweli Hassan, OGW, EBS. “Now, the way forward for improvement is shifting past the town centre, the place there’s house to construct holistic communities with the whole lot individuals want — faculties, workplaces, leisure, outlets, and in depth recreation. Tatu Metropolis provides precisely that: a well-planned surroundings free from congestion and the hassles of commuting.”
Learn additionally: Qatar’s rising attain in East Africa: Strategic Investments driving progress
Tatu Metropolis, one among Nairobi’s prime addresses
For the time being, Tatu Metropolis is among the prime addresses for residential and business builders in search of house, order, and fashionable infrastructure with correct planning and sustainable progress.
The nation’s actual property growth has been powered by a gradual rise of center class, with “tens of hundreds of recent excessive earners within the schooling sector, tens of hundreds extra in well being, in commerce, in banking, and in agriculture,” expolained Sakina Hassanali, CEO, HassConsult final month.
Up to now among the iconic residential investments within the 5,000-acre Tatu Metropolis are: Jabali Towers, Porini Level, and Kijani Ridge, all by Rendeavour, the proprietor and developer of Tatu Metropolis.
Moreover, UK-Kenyan developer Unity Properties has accomplished and totally occupied 1,200 models at Unity West and Unity East. The agency has different ongoing initiatives together with: Unity One, Unity Parkside, and Silver Hill.
“Individuals right this moment worth a better lifestyle in well-governed, holistic communities,” mentioned Stephen Jennings, Founder & CEO of Rendeavour. “It takes visionaries like Abdiweli Hassan to execute large-scale initiatives that enhance the lives of tens of hundreds of individuals. We’re delighted that Mr. Hassan chosen Tatu Metropolis for this record-setting funding in Kenya’s future.”
In keeping with property tracker HassConsult, when property markets the world over suffered in 2024 and 2025, Kenya’s market remained resilient, with property costs rising by 7.8 p.c examine with barely 4 p.c in different worldwide markets.
Bedrock of demand
Nevertheless, whereas Kenya has skilled a gradual rise in people with a month-to-month take house of over KES100,000 lately, the nation has seen the exit of expatriates within the final 10 to fifteen years, a development that has negatively impacted the rents for indifferent homes, and, “as landlords promote up, indifferent home costs too.”
“The sum of our market [Kenya] is that the bedrock of demand progress has led to a resilient market barely rippled by inflation, rates of interest, or worldwide departures,” HassConsult acknowledged.
At present, Tatu Metropolis is welcomes 25,000 individuals each day who reside, work, and examine throughout the zone that has now attracted over KES450 billion in funding. A number of the key enterprise institutions within the zone are Emirates Logistics, Chilly Options, Dormans, Freight Forwarders Options, Bakels, Novis, and Davis & Shirtliff, Tamarind Group, ADvTECH, Friendship Group Kärcher, Naivas, NCBA, Hewatele, FullCare Medical, Hounen, CCI International, and Heineken.
Tatu Metropolis SEZ provided an array of advantages to institutions akin to a ten per cent company tax price for the primary 10 years and 15 p.c for the following 10 years. As compared, companies working out of the SEZ pay 30 p.c in company tax. Moreover, companies additionally profit from VAT zero-rating on items and companies, in addition to exemptions from import responsibility and stamp responsibility.
Learn additionally: Dubai cements actual property management with innovation, inclusion, and world funding at IPS 2025
