Kenyan-based realty firm Superior Homes says it will invest Ksh 350 million to develop a commercial centre in Athi River.
The developer will break ground for the 3,500 square meters commercial centre in the second quarter of 2021 and will be completed in 2022.
The commercial centre will be situated at the front of the Greenpark Estate, will provide a shopping outlet for the growing number of residents of Greenpark estate now nearing 700 families.
“Our concept to launch the retail frontage is attributed to the relatively high occupancy for residents and motorists along the Nairobi-Mombasa highway with high consumer purchasing power,” said Superior Homes Chief Executive Shiv Arora.
“The commercial centre, a first concept in Machakos County, will comprise of convenience stores, small outlets, dry cleaners, offices, banks and supermarkets and everything that the community needs to be sufficient.”
The project is part of the year’s re-evaluated business model approach for the real estate developer as it bounces back to recovery following the impact of COVID- 19 that affected the real estate sector last year.