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The construction of a 90-unit gated estate that is set to be occupied by personnel attached to the US Embassy in Nairobi will be completed by May, according to the developer.
The American Embassy signed an eight-year agreement to lease the estate for its workers in the Kenyan capital.
Dubbed OBO Kenya Diplomatic Housing, the estate is being developed in Nairobi’s affluent Rosslyn estate by Gateway Real Estate Africa Ltd (GREA) and US-based Verdant Ventures at a cost of Sh5.5 billion ($48.5 million).
The delivery date for the estate was disclosed by Mauritius-based Grit Real Estate Income Group, which is in the process of taking up a majority stake in GREA. After the acquisition, Grit will own half of the housing project.
“The construction of a 90-unit diplomatic apartment and townhouse community in Kenya fully tenanted by OBO, a division of the US State Department, is making good progress and is expected to be delivered by May 2022,” said Grit in its financial report for the half-year ended December 2021.
The development will consist of a combination of apartments and townhouses, and a clubhouse with gym, swimming pool and other amenities.
It will be 100 percent leased to the United States of America for a term of eight years. The US Embassy will pay $4.724 million (Sh534 million) in rent in the first year, translating to at least Sh4.27 billion over the eight-year life of the lease.
The US Embassy will be the first foreign mission in the country to lease a gated estate for its members of staff.
Comments
Why can’t MWAKILISHI bring the story of Kindiki’s acquittal in MADOA DOA case?There is another story of two drunkards,Uhuru and Sonko appointing their ever intoxicated fuck girl,Kananu Mwenda as Nairobi governor.
Good investment in our country n Hopefully they won’t bring white supremacy at the gated community
Will they allow hawkers to sell Omena in this place? They will miss the taste of Africa badly.
What is gated? Black fools!
Free life and freedom ain't gated!
Monkey See Monkey do.
They will come and at the appointed time, they will leave.
At this time Wanjiku has no say. Wanjiku parots what the master says; patiently waiting for the change of season which is on the horizon.
The season for separation,revelation and restoration is at hand.
May God and our ancestors protect Kenya.
"Ee mungu nguvu yetu"!!
Sure - very smart to put all your eggs/employees in one basket
This sounds like segregation to me. The American south-Jim crow style! The US and many western nations are occupying forces in the African nations. The sheer number of their personnel and the gigantic size of their embassy structure says it all. This is not just about supplying of visas. With the modern technology we have today, it can all be done online. This is about occupation, dominance, surveillance and control. Look at the size of our embassy in Washington DC -or that of the other African nations. They are awfully small and rightfully so because they do practically nothing. Does anybody know why we need all these embassies in our country?