Market News
Ruiru developer in Sh120m investment
Tuesday, February 25, 2020 0:01
By JAMES KARIUKI
A Kiambu investor has injected Sh120 million for infrastructure development on a 20-acre gated community in Ruiru’s Membley area that will contain 120 housing units.
Eboss Investment company director Geoffrey Gitahi said they have drawn a masterplan for the property to enable buyers launch developments faster.
“This is a controlled development area that has a minimart, a gym, for utility shops as well as an early education centre that we intend to develop and hand over to experienced operators on a 25 year lease,” he said.
“The roads have been done and we shall retain a management role to take care of the gardens, security and provide garbage collection services.”
The new project has also reserved a three-acre riparian section with recreation spaces.
Mr Gitahi said customers wishing to have their properties built for them will pay Sh18.5 million for a three bedroomed house, Sh21 million for a four bedroomed unit and Sh24 million for five bedrooms.
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