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13 firms clinch deals with Tatu mega city
Tatu City Ltd sponsor Stephen Jennings (left) with Dormans chairman Jeremy Block during the signing and ground-breaking ceremony of the 10-acre Dormans global headquarters at the Tatu City on April 22, 2015. Tatu City announced on Thursday it had set aside money for initial infrastructure after sealing deals with 13 companies in the Sh350 billion planned development in Ruiru. PHOTO | DIANA NGILA |
What you need to know:
- Mega real estate mixed-use project Tatu City announced on Thursday it had set aside money for initial infrastructure after sealing deals with 13 companies in the Sh350 billion planned development in Ruiru.
- Rendeavour country head Nick Langford told the Daily Nation during a tour on Thursday that the private equity firm is eyeing additional African countries with plans to set up mega cities modelled along the line of Tatu.
- Mr Langford said a total of 13 firms have so far sealed land purchase deals in the planned city’s Industrial Park, which includes 420 acres of serviced industrial land. “We are hoping to be sold out by the end of the year,” he said.
- Some of the companies which have bought land at Tatu include Dormans Ltd, Kim Fay East Africa Ltd, Maxam, Bidco, and Unilever.
Mega real estate mixed-use project Tatu City announced on Thursday it had set aside money for initial infrastructure after sealing deals with 13 companies in the Sh350 billion planned development in Ruiru.
This, even as its parent investor, private equity firm Rendeavour, said it was scouting for more land in Africa.
