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The sustained decline is an indication of an emerging trend where prices have transitioned from a continuous positive trend seen since the last quarter of 2014/FILE

Kenya

Acorn Group to unveil multi-billion shilling projects

The projects will include commercial buildings, hotels, retail malls and residential projects/FILE

The projects will include commercial buildings, hotels, retail malls and residential projects/FILE

NAIROBI, Kenya, Aug 2 -Acorn Group, a leading real estate development company, is set to unveil multi-billion shillings investment grade real estate projects in Kenya.

Set to commence between September 2014 and March 2015, the projects will include commercial buildings, hotels, retail malls and residential projects.

According to Acorn Group’s Group CEO Edward Kirathe, the company’s main aim is to positively impact local communities through creation of transformative neighbourhoods, jobs and wealth creation.

Some of the developments that Acorn Group has been involved in, in the past include the Head Office of Coca-Cola East and Central Africa headquarters in Upper Hill, Deloitte East Africa headquarters on Waiyaki Way, Equity Centre in Upper Hill and Waterfront Gardens estate on Waiyaki Way among others.

However, the actual cost of the project isn’t Sh40 billion as earlier reported.

The projects will be officially unveiled on August 4.

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