Kenya Property Market

Office building owners in Nairobi are offering favorable leases to Tenants, thanks to a significant amount of stock and upcoming developments.

Kenya's office supply glut gives Tenants upper hand

Office building owners in Nairobi are offering favorable leases to Tenants, thanks to a significant amount of stock and upcoming developments. ... Full story

The business, whose residential London projects have all achieved record-breaking prices, has signed its first contract to design the corporate office of Victoria Commercial Bank, one of the most respected banks in Kenya.

London-based Luxury Developer expands into East Africa

London based luxury property developer, One Point Six has entered into the East African market following two successful years of operation. ... Full story

Dar es Salaam (Dar) is the former capital as well as the most populous city in Tanzania. Its a major city and commercial port on the Indian Ocean coast, grew from a fishing village.

East African economies plan to raise spending on infrastructure

East African countries plan to increase spending dramatically on infrastructure projects in budgets to be released Thursday. ... Full story

Prime residential prices in Nairobi slide by 6.5% in the 12 months to March 2019.

Nairobi’s luxury home prices soften further

Prime residential prices in Nairobi slide by 6.5% in the 12 months to March 2019, according to the Knight Frank Prime Global Cities Index (PGCI) for the first quarter. ... Full story

Shoprite Holdings, has opened its second supermarket in Kenya at the Garden City Mall in Nairobi.

SA retailer Shoprite expands in Nairobi

South African based retail giant, Shoprite Holdings, has opened its second supermarket in Kenya at the Garden City Mall in Nairobi. ... Full story

Charles Mwaura said that individuals, who own huge tracts of land have been invited to become partners in the implementation of the mass housing programme.

Kenya invites private land owners for affordable housing program

Kenya will partner private landowners to implement a development blueprint on affordable housing, Charles Mwaura, Principal Secretary of the State Department for Housing and Urban Development, said on Friday. ... Full story

The east african city has been ranked 6th in the world's 20 most dynamic cities, according to the JLL’s City Momentum Index.

Nairobi lands a top spot among the World's 20 most Dynamic Cities

Nairobi has been recognized globally as a city on the move, being named for the first time in JLL’s top 20 City Momentum Index (CMI). ... Full story

Toby Selman, CEO at Africa Logistics Properties (ALP) during the launch of North Industrial Park.

Investors eye large quality Warehousing space in Kenya

In recent years there has been a noticeable trend towards an increase in demand from distribution and logistics-type operations seeking to relocate to where large quality warehousing space and large yards are available. ... Full story

Kenyan Reits struggling to gain momemtnum as development costs are extremely high. FILE PHOTO: Nairobi Capital City

High building costs holding back Kenyan Real Estate

East African listed property is dominated by Kenya but the market in this country is under pressure. Development costs are extremely high in Kenya. ... Full story

Gbcsa’s Managing Executive, Grahame Cruickshanks (third from left) and World GBC CEO, Terri Wills (sixth from left) with key players from the Kenya Green Building Society at the signing of the Green Star license agreement.

Green Building Society announced for Kenya

The Green Building Council South Africa (Gbcsa) on Wednesday announced the establishment of Kenyan Green Building Society (Kgbs), a move that will bring the commercial and industrial property industry in line with global environmental practice in the east african country. ... Full story

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