Top Real Estate Investment Deals in Kenya

1. Riayn Group Sets Up New Wing for Top Deals Riayn Group Sets Up New Wing for Top Deals Nairobi: Taking into account the high demand for property investment in the Kenyan real estate sector, Riayn group has set up a separate division for high-value investors. This is because a paradigm shifts in the Nairobi property market. There is a new demand for every kind of property—commercial, residential, office, resorts, farm houses etc. According to the MD, the real estate market is undergoing an even bigger growth in terms of modernization of flats, shops, hotels, pubs and office blocks. The once leafy area of Westlands, Lavington, and Karen are now becoming the hub of high-rise buildings. The MD said Property to let on Mombasa rd is attracting a big response because of the proximity to the airport. Most notable areas are Mombasa road, Thika superhighway, Jogoo road and Ngong road. More investments are coming into the Nairobi property sector. Swiss-based Mövenpick Hotels is opening its first property in Nairobi in the Westlands area and is scheduled for completion in mid-2016. Other notable hotel chains in Westlands are Villa Rosa Kempinski and the Sankara. According to the MD, as Nairobi and adjoining areas are becoming prime foreign real-estate investments. Investors are predominantly focusing on cities and the central business districts of Nairobi, Kisumu and Mombasa. Driven by the attraction of high rental yields, foreign investors are drawn to commercial properties in these areas. Corporate organizations and institutions with the capital and resources, want to invest in long-term rental properties on the outskirts of the city such as Kitengela, Athi River, Thika, and Ruiru. They are cost effective and reduce development costs. The group is also getting lots of inquiries from Asian and Middle Eastern investors in regards to property for sale in Westlands. According to a survey, European expatriates prefer foreign investments in tourist areas to capitalize on the flourishing tourism sector. The main areas of interest are the coastal areas of Malindi, Mombasa, and Lamu. According to industry feedback, there is a 20 percent growth in the demand for high-end residential real estate in coastal towns. According to the MD, many proposals on foreign investments are in the process. Amongst these are 5-star hotels, home resorts, luxury housing apartments and up-market restaurants. One new trend, the MD noted, was to buy property in close proximity to national parks such as Laikipia and Mount Kenya for constructing tourist lodges. The group is giving the best service to clients by speeding up deals with all due diligence.

2. Similarly, demand is up in Tsavo East and Nakuru. Investors are also seeking out Naivasha for tourism related investments, mainly for hotels and lucrative agricultural properties. Source URL: http://prsync.com/riayn-developers-limited-rdl/riayn-group-sets-up-new-wing-for-top- dealsriayn-group-sets-up-new-wing-for-top-deals-1072347/