Alexander Forbes ventures into real estate
05 July 2013, 18:22
Nairobi - Plans are underway by a retirement fund set up by Alexander Forbes Retirement Fund to construct medium cost houses in the country.
In a statement to Capital News, the Chief Executive Officer James Olubayi said they have set aside KES 10 billion to capitalise on the Jubilee government’s plan to create affordable and decent housing to meet the high demand.
Olubayi added that they had already secured 30 acres of land in Kitengela where they plan to put up the medium cost housing, and will prioritize their members when selling.
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