NAIROBI, Kenya, Feb 14 – Madison Life Assurance and HF Group’s banking subsidiary HFC have inked a partnership to develop a planned mixed-use project in Athi River dubbed, VillaKazi Homes.
In the deal, Madison will provide 100 acres of land valued at Sh3 billion while HFC will provide end-user buyer financing, project management expertise as well as sales support for the project.
‘’We are looking at bringing to life a mixed-use community that will have over 600 homes. The community will provide residents with holistic living including social, commercial and education amenities,’’ said Madison Life MD Githua Ngaruiya.
The project will be implemented in two phases on a 60-acre plot of land and on a 40-acre parcel, respectively.
HF Group CEO, Robert Kibaara noted that the partnership was in line with its strategy to provide Kenyans with holistic banking and property ownership solutions.
“This partnership reinforces HF Group’s commitment to enriching lives by providing Kenyans with relevant home ownership opportunities and financing options,” said Kibaara.
This project will contribute towards alleviating the housing deficit amongst the thousands of working-class Kenyans in the rapidly growing industrial area within Athi River and nearby satellite towns.
