Tatu City’s low cost housing plan targets retirement schemes
Rendeavour Group country head Nick Langford. FILE PHOTO | NMG
What you need to know:
Tatu City is keen to float a Development Real Estate Investment Trust (D-Reit) product targeting pension scheme members.
Rendeavour Group country head Nick Langford said the group was willing to use internal funds to develop the low-cost units within the vast facility in Ruiru once they get a commitment from several pension schemes.
They are hoping pension funds will take up the units for their members.
Tatu City says it has initiated talks with Nairobi Securities Exchange (NSE) seeking to raise funds to finance 5,000 low-cost housing units.
The 5,000-acre urban housing and commercial-cum-industrial development owned by Rendeavour Group said it was keen to float a Development Real Estate Investment Trust (D-Reit) product targeting pension scheme members.
