Housing Finance to finance Sh1.3 billion mall in Laikipia County

Wednesday April 1 2015

Housing Finance headquarters in  Nairobi. Housing Finance has committed Sh820 million, to the construction of Cedar Mall in Laikipia County, which is set to open in September 2016. PHOTO | FILE

Housing Finance headquarters in Nairobi. PHOTO | FILE 

By IMMACULATE WAIRIMU
More by this Author

Housing Finance has committed Sh820 million, to the construction of Cedar Mall in Laikipia County, which will consist of over 12,000 Square Meters and is set to open in September 2016.

Cedar mall will be the biggest development of its kind in the region and re-affirms Housing Finance’s commitment to the provision of integrated facilities that meet the constantly evolving needs of the community.

The mall will be managed by Kiloran Development Group LLP and construction is being undertaken by Esteel Construction Limited, while the professional team consists of architect, Bowman Associates and Quantity Surveyors, YMR Partnership.

Speaking during the ground breaking ceremony, Housing Finance Managing Director, Mr Frank Ireri said the development will bring greater convenience to the residents of Nanyuki and beyond, and is directly in-line with its 2012- 2016 expansion strategy that focuses on Counties.

CONSIDERABLE INTEREST

“Housing Finance goes beyond the provision of superior homes, but it is our goal to provide cohesive services in-line with the embryonic needs of the community. To this effect we have injected 820 million into this project,” said Mr Ireri.

Andrew Gartrell, the Managing Partner of Kiloran Development Group, said, the group is happy to have commenced construction on Cedar Mall, which is the first project in Kenya.

We expect Phase I of the project to open in September 2016 and have seen a considerable amount of interest from tenants, said Mr Gartrell.

“Cedar Mall promises a stylish and relaxed atmosphere, and is the perfect choice for business or leisure.

The shopping centre will be anchored by major local supermarket chain such as Chandarana, Food Plus as well as a plethora of major national and international shops, Restaurants, coffee shops and a food court will also be part of phase one construction,” said Mr Gartrell.

Housing Finance is celebrating its Golden Jubilee this year.