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The remaining units are expected to be delivered in Thika, Kiambu town, Migaa, and other towns/ COURTESY

Kenya

Acorn Holdings’ Subsidiary launches construction of its Sh1.9bn students accommodation hostels 

NAIROBI, Kenya, Jun 21 – Real estate developer Acorn Holdings through its subsidiary Spruce Properties Limited Liability Partnership, has launched the construction of its Sh1.9 billion student accommodation hostels in Nairobi’s Karen under the Qwetu and Qejani brands.

The 3,591 room-hostels will sit on a 5-acre plot, comprising nine residential blocks, which are expected to be completed by the end of 2022.

The development is expected to serve about 10,000 students from JKUAT Karen Campus, Catholic University of East Africa, Cooperative University, Kenya School of Law and other institutions around the area.

According to the company, the hostels aim to provide safe, secure and affordable accommodation to students, with charges expected to range between Kshs 15,000 and Kshs 16,500 for a room on the premium Qwetu Brand and between Kshs 7,500 to Kshs 12,500 for the Qejani brand.

Other upcoming projects by the developer include the Kshs 810 mn Nairobi West Qwetu hostels targeting Strathmore University, the Kshs 880 mn Qwetu 3 and Kshs 740.0 mn Qwetu 4 developments targeting United States International University Africa (USIU Africa), all set for completion this year.

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