Developer to build Sh35bn ‘Tatu Waters’ estate in Kiambu

Tatu city Kenya
The first phase of the project will be completed in 2019. PHOTO/FILE
Tatu City has announced plans to set up a Sh35 billion mixed-use housing development in Ruiru, Kiambu County – tipped to be the biggest real estate project in Kenya.

Dubbed Tatu Waters, the proposed estate will comprise 402 two-bedroom, 1,294 three-bedroom and 1,019 four-bedroom units that will be built as either townhouses or apartments.

The developer says in regulatory filings that “the condos will have communal spaces with pools and gardens, elevators and semi-underground parking,” adding that townhouses will be organised in courts, each of which will have a security perimeter fence to control access.

Tatu Waters, a multi-phased project, will occupy 248 acres of the 5,000-acre Tatu City land that is primed for a multi-billion shilling mixed-use development consisting of commercial, residential and industrial facilities.

In addition to the residential houses, the development will also include a healthcare centre, two power substations, a bank, a supermarket, a post office, a kindergarten, a gymnasium and 5,136 parking lots.

The first phase of the project will be completed in 2019.

“Tatu Waters financing is secured from local and regional equity partners, as well as from Rendeavour Group, the majority owner and developer of Tatu City and its American, Norwegian and New Zealand investors,” Tatu City said in a statement.

The company is currently selling the final batch of quarter and half-acre plots to prospective homeowners under the Kijani Ridge gated community development.