Safaricom’s Sh4.3Bn Machakos real-estate project to open in 6 months

December 6, 2016

, crystal-riversNAIROBI, Kenya, Dec 6 – Safaricom Pension Scheme’s real estate development, dubbed Crystal Rivers is set to open in six months.

The development is being put up at a cost of 4.3 billion in Machakos county with the centre piece being a 200,000 square feet mal. l on with a total of 200,000 Square Feet of letting floor space, and a residential area consisting of 3 and 4 bedroom townhouses, plus a cluster of 3 bedroom apartments.

Crystal Rivers will also have residential houses consisting of 3 and 4 bedroom townhouses, plus a cluster of 3 bedroom apartments.

Safaricom Staff Pension Scheme Board of Trustees Chairman Joseph Ogutu said that Crystal Rivers Mall is now expected to be ready for occupation and open for business in mid- 2017 with about 30 per cent occupation already booked.

“Today, we see many of Nairobi city residents, including many of my colleagues, moving to the peripheral of the city in search of the perfect living space for our families. We have seen tremendous population growth in Syokimau, Athi River, Kitengela and even Embakasi. More industries and businesses continue to come up here in line with our growing economy, most notably, the Standard Gauge Railway station. As the population of these regions continues to grow, and as our children grow, there will be demand for sustainable living, recreational and working spaces,” explained Ogutu.

The townhouses and apartments are set to be complete by 2018 with already 10 per cent occupancy.

Apartments will retail at Sh8 million while the townhouses will retail from Sh14 million.

The mall will accommodate at least 1000 vehicles while introducing SMART CITY installations for integrated internet and WIFI Internet access.

In total, the mall provides for the largest single parking area in the County with 700 spaces on both the lower ground and upper ground floors.

In addition to Crystal Rivers, the Safaricom Staff Pension Scheme is also investing in Mandharini, an award-winning luxury development in Kilifi County.


Latest Articles

Stock Market

Most Viewed