This archive report was first published on 10 July 2019.
On July 10, 2019, the Kenya Ports Authority pension scheme embarked on a significant real estate project in Nairobi's South C, constructing 198 residential apartments known as the Bandari Apartments.
The KPA retirement fund has diversified into real estate development to grow and safeguard workers' contributions, a trend observed among most pension schemes in Kenya.
Partnering with Pinnacle Projects as project managers and Triad Architects, the project consists of three high-rise blocks with 3-bedroom units. Each block features 11 floors with six apartments per floor.
Construction began in 2018 and is expected to be completed by December 2020. The apartments are priced at KSh15 million during the ongoing offer period.
The developers have announced an open day for the project on July 20th and 21st, 2019, starting at 8.00 am.
