Media Centre

Fusion invests in residential property in Nakuru

Fusion Capital announces its partnership with Grande Park Estate Limited, in a USD 1.60 Million (Kes 128.6 million) residential development in Nakuru- the fastest growing town in East and Central Africa. Montey Apartments is an ongoing development of executive and family living of 8 blocks of apartments, situated just 3 kilometres from the central business district in Kiamunyi area along Kabaraka road. Nakuru town was recently rated the fastest growing town in East and central Africa by the UN Habitat. There has been consistent year on year demand for [180,000] new homes in Kenya and its surrounding area, with only [35,000] units being constructed per year in response to this demand. This directly interprets to a growing population and doubled land prices.

Fusion is excited about this project; the first of residential projects undertaken under the real estate fund. The development is being constructed to the highest standards promising home buyers spacious executive finishing, eco friendly amenities and serene living. “We are excited that we have Fusion as a partner in this project; they believed in our vision when land was all we had”, quips John Mokaya, Chairman of Grande Park Estate Limited.

Luke Kinoti, Group chief Executive at Fusion comments: “we are excited to have partnered with the proprietors of Grande Park owing to the great opportunities that this project offers in our new devolved government and the potential of the county of Nakuru”.