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FUNGUO INVESTMENT SET TO CONSTRUCT RESIDENTIAL DEVELOPMENT
US$ 4m Residential development to be constructed in kenya by funguo investment.
The construction of the residential development which is worth US$ 4m is expected to target the middle class community in the area. The project is to have a sale of developments that will include students housing and industrial real estate in Kenya.
Funguo Investments Chief Executive Officer, Mr. Kenneth Muchina; “Our investment in real estate is focused on mid-sized deals, to serve the middle income market in sub-sectors such as residential housing, students housing and industrial real estate.”
The project comes barely days after Kenya Pipeline Company Pension Scheme confirmed the construction of US $9m housing units to be set in Kajiado County.
This project will be its first real estate investment of such an amount in a 101-maisonette gated community in Kitengela, Kajiado County.
Funguo Investments chairman John Simba; “There is a myriad of emerging opportunities, a growing viable pool of local entrepreneurs to back, increased sophistication by local investors.”