This archive report was first published on 25 July 2019.
On July 25, 2019, Fusion Capital and Optiven announced a new strategic partnership to deliver a semi-serviced gated community in Murang'a.
The project, located near the Thika-Gatura Road and 8 kilometers off the Thika super highway, will comprise 70 homes within the Chania masterplan.
Residents of The Royal Palms will enjoy a range of amenities, including ready titles, electricity, and water on site, as well as a perimeter wall and gate house for security.
Other proposed amenities in the larger masterplan include a commercial zone, picnic grounds, and an IGCSE School.
Speaking at the launch, Fusion CEO Daniel Kamau stated that the partnership with Optiven is informed by the fact that home ownership is generally a process in Kenya, and Optiven has continued to make that a reality based on its over 20 years of track record.
"We have about 25,000 mortgages in Kenya, and as such, not many Kenyans will be able to buy ready properties. Kenyans will buy land, pay off the loan, and source a fresh facility to do their own construction, which ends up saving them about 30% of what they would otherwise pay for a ready project," he said.
Optiven CEO George Wachiuri added that Optiven is intentional about enabling Kenyans to own homes, saying, "This is a mandate we will continue delivering on. We don’t just sell land; we sell homes where families will grow and live happily."
