Kenya’s logistics developer Tilisi Mega City has completed the first phase of its 400-acre Logistics Park in Limuru with an initial 47-acre residential development sale.
“We are delighted to announce the completion of infrastructure on the 85 acre Tilisi Logistics Park, which is now 65% sold with buyers commencing their warehouse building on the fully-serviced Tilisi plots within the next few months,” said Kavit Shah, joint CEO of Tilisi Developments Plc, the developer of the Tilisi mega-city.
Over half of Tilisi Logistics Park has been bought by Africa Logistics Properties, which is developing its second logistics park in Nairobi, ALP West, at Tilisi.
The city’s Phase II will now unlock over 120 acres consisting of residential, commercial, educational, medical and educational land in the master-planned city with state-of-the-art infrastructure.
The phase has opened to an immediate sale to Chigwell Holdings Ltd, the developers of the Phenom Estate on Langata Road and Sidai Village in Athi River. The company has bought 47 acres in Tilisi that it will develop with middle-income homes, including townhouses and villas.
“Developing on serviced land with complete infrastructure in place will deliver substantial savings enabling us to continue to offer superior housing at competitive pricing. In addition, with the expansion of Waiyaki Way to a six lane highway, we see Tilisi as a strategic location for our future developments,” said Palkesh Shah of Chigwell Developments Ltd.
This is supported by research by Smart Growth America, which shows that mega cities save developers as much as 38 percent in upfront infrastructure costs.
The 400-acre Tilisi City, which commenced construction in 2017, is one of five mega-cities in development on the outskirts of Kenya’s main cities and part of a rising class of real estate across Africa.