Tatu City is becoming a reality with the uptake of Tatu City Industrial Park where firms are setting up manufacturing hubs. Unilever is leading the way with a Kshs 17 Billion manufacturing hub.
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Tatu City has sealed a Sh400 million deal with international infrastructure firm Sinohydro to lay out basic infrastructure that will supplement the first phase of the project. The Chinese engineering firm will set up infrastructure for water, sewerage and temporary road works for Tatu City’s development. The additional seven-kilometre temporary roads will help facilitate ongoing construction activities.
“We are pleased to extend our co-operation with Sinohydro, which has already successfully completed several stages of Tatu City’s infrastructure development,” said Tatu City Acting CEO Anthony Njoroge.
The works will be completed over the next year. The 2,500-acre Tatu City has a range of residential, commercial, retail, industrial and logistics areas. It is expected to host over 70,000 residents when complete. Firms like Dormans, Kim-Fay and Maxam have already announced they will set up shop at Tatu Industrial Park, which includes 420 acres of serviced industrial land. It is located near to Jomo Kenyatta Airport, Runda, Kenyatta University, UniCity, Thika Highway and the Northern and Eastern bypasses. When complete, it is expected to de-congest the City of Nairobi by offering a unique live, work and play environment.
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NAIROBI, Kenya, Mar 24 – The Tatu City management says some 2,500 acres are under development, where they have already made 44 leases and sold up to 150 residential plots. Already 13 firms, among them Dormans Coffee, whose processing plant is underway, Bidco oil Refinery Limited, Unilever and Kim Fay which it is set to construct a new production facility, have sealed deals with them. The Dormans facility will sit on a 10-acre piece of land and will include the company’s corporate headquarters as well as processing, packaging, warehousing and trading facilities capable of handling more than 15,000 tonnes of coffee per year. When the facility is fully built, close to 200 Dormans employees will work at Tatu Industrial Park. The multi-billion project Country Head Nick Langford says Rendeavour, the company owning the land intends to use Sh2.2 billion in the next two years in undertaking various projects.
“We have about 500 people working on various projects; in two years time, we will create thousands of jobs,” he said.
The city, he said will have shopping malls, education and religious institutions and some 30,000 visitors per day. Langford was speaking during a site tour of the project based in Kiambu County on Thursday, where Tatu City Chief Executive Officer Anthony Njoroge noted that bulky infrastructure undertaking is already complete of a Sh2.2 billion sewer system and the road network.
The water treatment construction is also ongoing. Once complete, the project is estimated to cost more than Sh11.8 billion with residential accommodation of controlled development of up to 100,000 people.
“We are the master developer where we shall come with guidelines,” Njoroge said. “There is a committee that makes sure the guidelines are followed.”
Langford said besides creating employment for thousands of people, Tatu City will decongest Nairobi.
It will include residential areas and high density apartments that will range from Sh2 to Sh4 million.
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Tatu City is set to invest Sh35 billion to construct 2,715 residential houses on land which it owns in Ruiru, Kiambu making it one of the largest real estate projects in the country. The upcoming development, dubbed Tatu Waters, will consist of 402 two bedroom, 1,294 three-bedroom and 1019 four-bedroom units constructed as either apartments or townhouses.
“The condos will have communal spaces with pools and gardens, elevators and semi-underground parking. Townhouses are organised in courts,” Tatu City says in regulatory filings.
“Each court has a security perimeter fence to control access. The total project is estimated to cost Sh35 billion.”
This is Tatu City’s second housing project. The entire Tatu City project, which has been the subject of bitter ownership wrangles, is expected to cost over Sh350 billion. Tatu Waters will also include a bank, a kindergarten, a supermarket, swimming pools, a post office, a gymnasium, a healthcare centre, two substations and 5,136 parking slots.
The development will take up 247.6 acres of the 5,000 acre Tatu City land earmarked for mixed-use development consisting of residential, commercial and industrial amenities.
“Tatu Waters financing is secured from local and regional equity partners, as well as from Rendeavour, the majority owner and developer of Tatu City and its American, Norwegian and New Zealand investors,” Tatu City told Business Daily in a statement. “Tatu Waters is a multi-year, multi-phased project. We expect the first phase to be completed in 2019.”
The firm, which is majority owned by private equity firm Rendeavour Group, is currently selling the last of quarter and half-acre plots of land to investors keen on setting up a residential estate dubbed Kijani Ridge.
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