Chigwell Holdings buys 47-acres in Tilisi for residential developments

Chigwell Holdings buys 47-acres in Tilisi for residential developments

Palkesh Shah, Chigwell Director and Steve Mainda, Tilisi Mega City Chairman

Chigwell Holdings Ltd, a property development firm synonymous for providing quality, contemporary townhouses, maisonettes and properties for sale has acquired 47 out of 120 acres set aside for residential development at Tilisi mega-city.

This opens way for the second phase of development after the completion of its logistics industrial park that sits on 85 acres.

Chigwell is set to construct more than 300 homes on the former’s industrial-cum-residential 400-acre mixed-use facility in Limuru. An acre of residential land at Tilisi ranges between Ksh27 million to KSh36 million.

Read: Tilisi Completes Phase 1 infrastructure for its Logistics Park

“Phase II opens a much wider array of selling activity for the city,” said Ranee Nanji, Co-CEO of Tilisi Developments Plc. “This next round of infrastructure is very exciting for us, and will involve infrastructure to our retail, educational, medical and recreational parcels. With two large anchor customers for the Logistics and Residential signed, we are looking for more quality developers to partner with for this next phase.”

Chigwell Holdings is behind Langata’s Phenom Estate which comprises approximately 344 maisonettes in 4 phases, 12 shops and a community center with a swimming pool, gym, auditorium and children’s play area.

Kavit Shah, Tilisi Chief Executive said, “Chigwell Holdings has a superb track record in long-term thinking and long-term developments, having been in real estate development for over 10 years with their extremely successful
implementation of Phenom Estates phases 1 to 4 and Phenom Park, both in Langata.”

“This kind of developer is the perfect partner for Tilisi and we are delighted to welcome Chigwell as such a large investor as we move to selling and developing the remaining 220 acres of Tilisi,” he added.

Multimedia platform providing analysis of business & financial news in East Africa.

Leave a comment
scroll to top