THE STANDARD By
Frankline Sunday |
December 12th 2020 at 00:00:00 GMT +0300
Businessman Chris Kirubi is investing billions of shillings in affordable housing in a move that will further spread his portfolio and that of his companies across more sectors.
This comes as the investment firms, Two Rivers Development and Centum Investment Group, in which Mr Kirubi holds majority stakes, move to divest from commercial property development and into residential housing.
In a regulatory filing yesterday, Two Rivers Development revealed it plans to construct affordable home units within its property in Ruaka, along the Northern Bypass.
“The project comprises of 1,650 units of one, two and three-bedroom apartments in 14 blocks of 17 floors each,” said the notice.