Tatu City’s low cost housing plan targets retirement schemes

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.

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.

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