Welcome to the Future of Nairobi
Tatu City. Built with Passion. Powered by Vision.
Tatu City is a new city located within Greater Nairobi - a dynamic mixed-use environment that will be home to an estimated 62,000 residents who will have the opportunity to live-work-play within their community; as well as 23 000 day visitors.

The vision for Tatu City is the creation of a world-class, mixed-use new city, located within Greater Nairobi – East Africa's new economic hub.

The site of the proposed development is over 1000 hectares in size.

Part of the land to be developed is currently a producing coffee farm and coffee production will continue during development of Tatu City. In fact the planners have insisted on maintaining respect for the coffee farming heritage as evidenced in the attention shown to the environment planning and design.

blah blah....

http://www.tatucity.com/

http://www.tatucity.com/TatuMap/dzc_output_files/9/0_0.jpg

Wow this is great but how did this escape the media attention?

first of all. DAMN!!!! that project is huge, it will prolly be the single biggest investment in the country.

second, going by my first impressions this thing looks legit. so far i dont see a whole lot of govt involvement which is a GREAT thing and also a good indicator that it will happen.

so far so good

one question.
what is that big stadium like structure?

i found some info about it

http://www.propertyweek.com/pictures/458xAny/5/6/4/1460564_40156_Tatu_BrochureA4_email_3.jpg

A company that focuses on investments in emerging markets has unveiled plans at MIPIM for a $3bn scheme on the outskirts of Nairobi, Kenya

Renaissance Partners, the principal investing arm of emerging markets firm Renaissance Group, in a 50:50 joint venture with Kenyan investors, has received planning consent for Tatu City (pictured). It will be Africa’s first “expertly planned” city and will be developed in 10 phases on a site of more than 1,000 ha.

http://www.propertyweek.com/tatu-artist/3160177.article

more info.

New African city launched at global property conference

http://www.sapropertynews.com/wp-content/themes/arras-theme/library/timthumb.php?src=http://www.sapropertynews.com/wp-content/uploads/2010/03/Tatu-City.jpg&w=630&h=250&zc=1
Nash Nyagah, Kenya partner with Chris Baxter, Arnold Meyer, Josphat Kinyua and Polina Veksler of Renaissance Partnership admire a model of the new Kenyan city at its global launch at MIPIM in Cannes, France.

The first privately funded new city to be built in Kenya in the post colonisation period, Tatu City, was launched last week at MIPIM, the prestigious property conference held annually in Cannes on France’s famous Cote d’Azur.

The 1 000 ha development, which is also the first holistic lifestyle city planned in Africa, will be built in Greater Nairobi in 10 phases, providing much needed housing for 62 000 people, as well as offices and shops which are expected to attract a further 23 000 visitors a day.
Phase one of the new development – which will have its official launch in Nairobi in June – will provide 1 800 entry level residential units. There will also be a 25 000 m2 shopping centre and 80 000 m2 of office space.

Arnold Meyer, managing director of Renaissance Partners, the developer, said Nairobi urgently needs 300 000 new homes. There is an annual shortage alone of 30 000 entry level homes (selling for between US$40 000 – 80 000) but at the moment only 3 000 a year are being built.

Part of the site is a coffee farm and this will continue as a working farm during the development of the new city. Additional land, also currently farmed for coffee, will be added at a later stage.

Thirty-five percent of the initial scheme has been set aside for a natural green belt and will be maintained as wetland. A further 15% is being earmarked for world class infrastructure and schools and hospitals are also on the master plan. There are two universities within 7 km of the development and already the developer is buying up adjoining land for further expansion to take advantage of the increased population and demand for further education, as well as research and development opportunities.

The scheme will save a massive 40% on electricity usage, says Meyer. All warm water in the homes will be solar heated and no air conditioning will be allowed in the office buildings – instead they will have basement chiller rooms that will freeze large ice packs overnight when electricity usage is low. Fans will then blow over this ice to keep the buildings cool during the heat of the day, a technology that has been in use on the African continent for the last decade.

The Tatu City development is partly funded by Renaissance Capital of Moscow and partly by local Kenyan businesspeople. A start will be made on the infrastructure in June, and phase one construction will start later this year. Phase three is scheduled to be finished in 2013.

Members of the professional team are all from South Africa. They include: Frikkie de Lange of DLC town planners; Riana du Plessis, urban planner; Elaine Holtzhausen, of Lokisa Environmental Consulting; E W van Renssen, Leo Consulting Engineers; and Jaksa Barbir, urban designer.

http://www.sapropertynews.com/new-african-city-launched-at-global-property-conference/

now that is the kind of FDI we need.Biden said it very well, "have a stable referendum and constitutional reforms and investors will pour in money and investments."

This is a 240billion kshs investment and all the media is talking about is politics.This will never make the headlines.It will be in some inner page.But am happy,Kenya is moving in the right direction.

guys, you will start hearing about it soon. At the moment its not officially launched, but if anyone has any doubts whether such a mammoth project is real or not, I will tell you this thing is most def happening. And I disagree: the media dont need to focus on this, it aint gonna tell us who inserted those 2 words into the Constitution or who threw those grenades at Uhuru Park. Neither will it reduce the slums at Kibera, Mathare, Kawangware and a dozen other places around Nairobi. Or jolt the police into behaving like professionals. Etc etc. Man we got bigger issues, but all in good time hopefully :0

now that is the kind of FDI we need.Biden said it very well, "have a stable referendum and constitutional reforms and investors will pour in money and investments."

This is a 240billion kshs investment and all the media is talking about is politics.This will never make the headlines.It will be in some inner page.But am happy,Kenya is moving in the right direction.

yeah the kenyan media misses alot important news. it seems that their aim is to only cover politics and brush over other stuff. this project in a country like kenya is a FRONT PAGE article. who is the investor, why he chose kenya, how he got all that land, will the investor award contracts to kenyan companies? or will they employ kenyans and use local materials? SO MANY SIDES TO THIS PROJECT THAT CAN BE COVERED yet they they would rather tell me what kibaki or raila said about the YES team. i dont care about the YES or NO teams, i care about getting a new constitution. period!! i cant entirely blame the kenyan media because kenyans are themselves obsessed with politics. no wonder we have all this political tension in our country because kenyans are politically oversensitized. BEING A KENYAN SOMETIMES CAN STRESSFULL

nairobbery, the media cannot let the politics slip even for a second, given the history of politicians here. They must constantly be watched, analysed and monitored. Sorry, but thats the only way - otherwise they (politicians) have a free rein on pulling the wool over gullible Kenyans' eyes. Sorry, I fully support the media. But its incorrect to state thats all they focus on. Dont worry, once this thing gets official (soon), you'll be seeing it on all front pages

excellent news:cheers:keep them coming :cheers:

this is for great for Nairobi...we will soon start seeing such projects in other EAC countries.

I have to say I agree with Nairoberry. This thing looks like it will definitely get built.

I told you guys, once all those Kiambu projects get built, that area will make the rest of Nairobi look like its another world.

this is for great for Nairobi...we will soon start seeing such projects in other EAC countries.

Definitely. Thats the trend in most of our cities in the EAC. Major projects coming up around the outskirts of the cities. These projects were bound to get bigger with time.

Welcome to the Future of Nairobi
Tatu City. Built with Passion. Powered by Vision.
Tatu City is a new city located within Greater Nairobi - a dynamic mixed-use environment that will be home to an estimated 62,000 residents who will have the opportunity to live-work-play within their community; as well as 23 000 day visitors.

The vision for Tatu City is the creation of a world-class, mixed-use new city, located within Greater Nairobi – East Africa's new economic hub.

The site of the proposed development is over 1000 hectares in size.

Part of the land to be developed is currently a producing coffee farm and coffee production will continue during development of Tatu City. In fact the planners have insisted on maintaining respect for the coffee farming heritage as evidenced in the attention shown to the environment planning and design.

blah blah....

http://www.tatucity.com/

http://www.tatucity.com/TatuMap/dzc_output_files/9/0_0.jpg

Great Investments. ^^

I went on the website to see how the project was going...and still no news.:cripes:

http://www.tatucity.com/Images/Cycle/Cycle1.jpg

http://www.tatucity.com/Images/Cycle/Cycle2.jpg

http://www.tatucity.com/Images/Cycle/Walkabout.jpg

They have not yet launched the project.I think they are still doing paperwork.

From the Website

http://www.tatucity.com/Images/Global/pnlNews.png

http://www.tatucity.com/DynamicData/Galleries/1_2.jpg

http://www.tatucity.com/Images/PhasedDev/pnlTimeTable.png

http://www.tatucity.com/Images/MasterPlan/imTatuCityMasterPlan.png

Tatu City is a nodal development – each node contains distinct facilities including open spaces and public environments interconnected by a public transport system as well as pedestrian walkways.

* Low Density Residential Neighbourhoods
* Medium to High Density Residential Neighbourhoods
* Primary & Secondary Urban Nodes
* Central Business Spine
* Mixed Use Spine
* Suburban Business Nodes
* Tourism & Conference Facilities
* Light Industrial, Warehousing & Infrastructure

In dramatic contrast to the haphazard, chaotic structure of present day Nairobi, Tatu City will feature a first-world support infrastructure incorporating the following:

* Paved Roads & Walkways
* Potable Water Supply System
* First World Sanitation
* Solid Waste Disposal Systems
* Electricity Supply Systems

I think you should forget about moving in paka 2015. You know how these things go, particularly with some monster project like this where not even a single shovel has hit the ground yet :) However I know this is going to go ahead.

http://www.tatucity.com/Images/Cycle/Cycle1.jpg

http://www.tatucity.com/Images/Cycle/Cycle2.jpg

http://www.tatucity.com/Images/Cycle/Walkabout.jpg

wow it like kakungulu eco city in kampala which is still u/c . kukungulu has 2500 homes,industrial centre,2 malls,a 50,000 seater stadium golf course,etc this project will be great for nairobi.:)

The formal launch should be next week. Keep an eye out

The formal launch will be next week. Keep an eye on the press

^^ Q4 2010: commence infrastructure for phase 1 :cheer:

But really, construction won't start till about another year or so. That leaves a huge frame open for potential problems that can derail this project. Let's just hope nothing happens.

The formal launch will be next week. Keep an eye on the press

Will their be any Live feeds, picture-speak blitz or invitations to scraperlovers?

I doubt it,our only hope is NTV youtube,citizen youtube or maybe the live news feed on k24.

I doubt it,our only hope is NTV youtube,citizen youtube or maybe the live news feed on k24.

Will their be any Live feeds, picture-speak blitz or invitations to scraperlovers?

I think the website will be the primary source for news once the project launches and construction starts.

The formal launch should be next week. Keep an eye out


This is exciting.

moving ahead one step at a time

As seen in today's Nation, the launch will be next Tuesday 26th Oct at Safari Park Hotel, 10.30am

As seen in today's Nation, the launch will be next Tuesday 26th Oct at Safari Park Hotel, 10.30am

Nice!!!!:banana::banana::banana::banana:

Nairobi gets mega real estate plan from Russia

Posted Monday, October 25 2010 at 00:00

Renaissance Capital, the Moscow-based investment bank, will on Tuesday launch a Sh200 billion real estate project it says should become a visible symbol of Kenya’s leadership in urban renewal and reaffirm Nairobi’s position as East Africa’s economic hub.

The mega project, to be officially launched by President Kibaki, involves the use of private capital to construct a whole new city of 62,000 residents who will live in a well planned environment of manicured homes, office blocks, shopping malls and industrial parks.

Kenya’s biggest real estate project, dubbed Tatu City, will be located on 1,000 hectares piece of land in Kiambu County, behind Kenyatta University, that is currently occupied by coffee plantations.

The project is in its conception and magnitude only comparable to South Africa’s Sandton City, the leafy and exclusive high-end of market piece of real estate that was built on the outskirts of Johannesburg by the apartheid government.

But unlike Sandton, which was mainly driven by the government, Tatu is a purely private sector driven plan that is 50 per cent owned by Renaissance Capital while the remaining shares will be held by a number of foreign investors and local partners led by former Central Bank of Kenya governor Nahashon Nyaga.

Location of the project in Kiambu County’s coffee plantations, which are close to the United Nations offices in Nairobi and the leafy suburbs of Runda and Muthaiga clearly, signals the intention of its creators to target the cream of Kenya’s real estate buyers that includes international civil servants, top businessmen and civil servants whose numbers are expected to rise significantly in the next two decades.

Tatu City is also expected to more than double the value of land in parts of Kiambu County that are close to the project site as other private developers rush in to ride on the state of the art infrastructure that is expected to come with it.

Renaissance Capital’s local contact, Patrick Mweheire, declined to comment on this story, but property investor’s familiar with the project said it is expected to cost between Sh200billion and Sh240 billion over a period of 10 years.

The Tatu City project is also significant in the fact that it stands to be the single largest private-sector driven direct foreign investment in Kenya with the potential of dramatically transforming Kenya’s real estate landscape.

The project has already been show-cased to foreign investors at the prestigious annual property conference in Cannes, France — a signal that Renaissance Capital is keen to tap investors who have identified Africa as next frontier of investment as growth stalls in the US and Europe.

The Russian investment bank is, however, not alone in betting on Kenya’s property market from outside.

It joins a string of prominent investors including India’s Mukesh Ambani, the world’s fourth richest man; Dutch Hello Properties, Iran’s Mahun Construction and England’s Nigel Rowley who have in the past one year invested billions of shillings into Kenya’s real estate market.

Property developers attribute the growing presence of foreign money into Kenya’s real estate market to the robust growth that has seen smaller investors reap outsized returns.

“International investors have been in this market in the past five years, but they have been testing the waters with smaller projects and are now going big confident that the market is a long way from reaching its peak,” Bath Ragallo, a director of Tysons Management - a leading real estate consultancy in Kenya — told the Business Daily in an interview.

“International investors are looking for opportunities in markets that offer attractive returns given the bearish property and stock markets in the developed economies,” said Friso Abbing, the managing director of Hello Properties—which has built luxurious town houses in Karen, Mombasa and Watamu.Read More (http://www.businessdailyafrica.com/Corporate%20News/Nairobi%20gets%20mega%20real%20estate%20plan%20from%20Russia/-/539550/1039360/-/118m01k/-/index.html)


200 billion kshs(2 billion dollars),thats a huge investement.

^^ Yes it is, but honestly I would have thought the cost would be much greater. I think for a project that will house over 60,000 people the $2 billion price tag is pretty good.

Project being launched on tuesday by Kibaki. Hopefully there is a video, and shortly after the news section on the site opens.

That's going to be one massive investment($ 3B) for Kiambu-Nairobi County and the 10 Yr construction schedule is very realistic for project of this magnitude. Rennaisance Capital is such a serious player in the equity markets, It is also interesting to note that unlike anywhere else in Kenya the affinity and embrace people in Central Kenya attach towards urban-development and related is unfathomed -No awakening ancestral/Clan land disputes here in the face of modernisation. Its the market economy stupid? Very good.^^

Does TATU mean anything or its just a name??

This is awesome news, and that budget....wow, bound to make current real estate players pee on themselves, these guys will wipe a huge quota of the market, but its a good thing because now we will have a big cluster of residential development as opposed to the current scatters apartments that dot the city. Again it will bring a lot of confidence into real estate.

^^are the houses to be built for sale or for rental/lease?

^^are the houses to be built for sale or for rental/lease?

All the houses will be for sale.The owners could sub-let them to others.but i think the major concept here is the main company will provide the infrastructure and then invite major real estate investors to undertake construction of houses.

great stuff

Not bad....seems the ex governor of central bank, has been working hard to arrange this. since it is a 50/50 thing with the Re- i wonder where the local guys are getting there cash. i hope not Eurobank which is why he resigned in the first place. joke lakini for all the guys who took cash from Government please invest it back here....we young people need the jobs and the multiplier effect service jobs that come with this.////

fantastic piece of investment, reading from the comments above i'm not the only Kenyan excited by all the investment and construction our country is having recently, God bless Kenya!

futureforus, paul welcome to skyscrapercity!

President Kibaki did a no-show. What a shame - I wonder what he had that was so pressing that he cancels his attendance at the launch of the biggest private investment in the country, an event that was in his schedule for a while.

Tatu City partners invite investors to build complex


Local investors seeking opportunities in the real estate sector have the chance to take part in the construction of Kenya’s single biggest project by buying parcels of land to build residential houses, office blocks, schools and hospitals.

The shareholders in the multibillion shilling project, dubbed Tatu City, invited applications from interested investors yesterday during official launch of the project, whose actual construction is set to begin in 2012.

Nahashon Nyaga, chairman of the project, said investors will from next month be allowed to apply to be part of the project after approval of the development plan by the different regulatory bodies.

“We are inviting individual investors, developers and corporate bodies to submit their applications for the property they are interested in according to the master-plan,” said Mr Nyaga.

The residential complex will be developed in 10 phases. It is expected to be home to about 62,000 people in a work-live-play environment.

Main promoters of the scheme, who will construct basic infrastructure on the 1,000 acre property behind Kenyatta University, are Renaissance Capital from Russia, Nahashon Nyaga- a former governor of the Central Bank of Kenya and managing director of Bidco, Vimal Shah.

The Kenyan shareholders own a 50 per cent stake in the company which has so far allocated Sh200 billion for infrastructure development.

Stephen Jennings, the CEO of Renaissance group which owns 50 per cent of the project says that investors will be allowed a maximum of five years to complete their developments, implying that completion of the first phase will be in 2016.

“We will allow investors a maximum of five years to complete the projects they take on,” said Mr Jennings, adding that the city offered an opportunity for investors to earn high returns on their investments.

The value of the minimum investment is yet to be arrived at, but investors will have to purchase whole blocks of land and show ability to finance the development as designed in the master plan.

Tatu City will feature privately-run establishments including residential and commercial property and other facilities including hospitals, schools and recreational developments.

“It is open to anyone who has the funds and is interested in investing in any sector as outlined in the master-plan,” said Mr Shah.

Lenders are already lining up with the aim of financing the construction of the different developments and the eventual acquisition of homes, with the first phase constituting 1,400 two-and three-bedroom apartments.

The project is betting on the short supply of commercial and residential developments in Nairobi where property has been identified as the best asset class owing to high returns it has consistently generated over the past decade, outperforming the stock market over the period.

A recent housing survey indicates that property as an investment class has more than tripled in value over the last 10 years while a comparable investment in the stock market appreciated by 2.4 times.

Read More Here

http://www.businessdailyafrica.com/Tatu%20City%20partners%20invite%20investors%20to%20build%20complex/-/539552/1040934/-/w1sy5j/-/index.html

President Kibaki did a no-show. What a shame - I wonder what he had that was so pressing that he cancels his attendance at the launch of the biggest private investment in the country, an event that was in his schedule for a while.

I am surprised,a project of this magnitude needed all the media attention it could get.

Thanx Maasai1

Tatu city on Citizentv

KD992zRCFi4?fs=1&hl=en_US

The video is not playing..sorry my bad,its working now.

lol it does play. This is another one: http://www.youtube.com/watch?v=FYwRRYr5DGM

Ubaks probably feared the project will never live up to its hype, in which case history would judge him harshly. Something just doesn't feel right about the project. The sums are huge, and no one knows where it will come from (save for the 50 percent the Russians have promised). And why is there so much tinkering with the numbers? Mara we are told its 200 billion, tena unasikia its 400 billion.

:cheers:

Ubaks probably feared the project will never live up to its hype, in which case history would judge him harshly. Something just doesn't feel right about the project. The sums are huge, and no one knows where it will come from (save for the 50 percent the Russians have promised). And why is there so much tinkering with the numbers? Mara we are told its 200 billion, tena unasikia its 400 billion.

:cheers:


Thinking long-term and strategically, I think government policy should ban new developments on agriculturally rich land like that which exists in Kiambu county. Uprooting coffee to put up houses, a city for that matter is unwise. Populations are growing at a constant rate. Food requirements will grow with population growth. Where will the government get the food to feed its citizens from when agricultural land is occupied by cities? Look at the arabian countries like Qatar, they are currently looking for places where they can plant crop to feed their citizens. Global warming is here and the desert is inching closer to the tropics by the day. I would not have approved this project in Kiambu and uprooted coffee plants for it. I would have advised that this development be put up at an open space like the loads of open land in Kajiado, Mavoko, basically semi-dry places. Settlements thrive even in very dry places but plans and crops don't do so well. It is a great project but its location is not very well thought out. I hope this is the last project that will involve uprooting of plantations of crops.

Thinking long-term and strategically, I think government policy should ban new developments on agriculturally rich land like that which exists in Kiambu county. Uprooting coffee to put up houses, a city for that matter is unwise. Populations are growing at a constant rate. Food requirements will grow with population growth. Where will the government get the food to feed its citizens from when agricultural land is occupied by cities? Look at the arabian countries like Qatar, they are currently looking for places where they can plant crop to feed their citizens. Global warming is here and the desert is inching closer to the tropics by the day. I would not have approved this project in Kiambu and uprooted coffee plants for it. I would have advised that this development be put up at an open space like the loads of open land in Kajiado, Mavoko, basically semi-dry places. Settlements thrive even in very dry places but plans and crops don't do so well. It is a great project but its location is not very well thought out. I hope this is the last project that will involve uprooting of plantations of crops.

I am glad that it is only coffee which is being uprooted. It doesn't earn much cash these days, maybe it is good ridance coffee, welcome tatu fancy city.

Thinking long-term and strategically, I think government policy should ban new developments on agriculturally rich land like that which exists in Kiambu county. Uprooting coffee to put up houses, a city for that matter is unwise. Populations are growing at a constant rate. Food requirements will grow with population growth. Where will the government get the food to feed its citizens from when agricultural land is occupied by cities? Look at the arabian countries like Qatar, they are currently looking for places where they can plant crop to feed their citizens. Global warming is here and the desert is inching closer to the tropics by the day. I would not have approved this project in Kiambu and uprooted coffee plants for it. I would have advised that this development be put up at an open space like the loads of open land in Kajiado, Mavoko, basically semi-dry places. Settlements thrive even in very dry places but plans and crops don't do so well. It is a great project but its location is not very well thought out. I hope this is the last project that will involve uprooting of plantations of crops.
Nice points, but Tatu City looks quite dense for it expecting to have over 60,000 inhabitants. So I think the sprawl and gobbling up of agricultural land will be put to a minimum. I am just ashamed that I haven't seen any news on at least a light-rail service in it.
Disregarding Tatu City, new projects in Kenya should look to revive old/slum areas of cities. It decreases agriculture land grabs and increases density/skyline appeal. I love the way the Japanese have emulated this with over half of their population living in a few large metro areas. Though Japan doesn't have much fertile/flat land to begin with, I think its model of urban development should definitely be followed.

Thinking long-term and strategically, I think government policy should ban new developments on agriculturally rich land like that which exists in Kiambu county. Uprooting coffee to put up houses, a city for that matter is unwise. Populations are growing at a constant rate. Food requirements will grow with population growth. Where will the government get the food to feed its citizens from when agricultural land is occupied by cities? Look at the arabian countries like Qatar, they are currently looking for places where they can plant crop to feed their citizens. Global warming is here and the desert is inching closer to the tropics by the day. I would not have approved this project in Kiambu and uprooted coffee plants for it. I would have advised that this development be put up at an open space like the loads of open land in Kajiado, Mavoko, basically semi-dry places. Settlements thrive even in very dry places but plans and crops don't do so well. It is a great project but its location is not very well thought out. I hope this is the last project that will involve uprooting of plantations of crops.

^^
I have only one comment: Coffee is not food!

Nice points, but Tatu City looks quite dense for it expecting to have over 60,000 inhabitants. So I think the sprawl and gobbling up of agricultural land will be put to a minimum. I am just ashamed that I haven't seen any news on at least a light-rail service in it.
Disregarding Tatu City, new projects in Kenya should look to revive old/slum areas of cities. It decreases agriculture land grabs and increases density/skyline appeal. I love the way the Japanese have emulated this with over half of their population living in a few large metro areas. Though Japan doesn't have much fertile/flat land to begin with, I think its model of urban development should definitely be followed.

Theres a railway line passing through Ruiru on its way to Thika. I guess it will probably serve residents of Tatu as well.

On the issue of it being built on agricultural land (coffee plantations) Tatu will bring more income from that land than if it remained under coffee. Plus they did mention something about their plans with the current coffee estates. Picked this from the first post.

Part of the land to be developed is currently a producing coffee farm and coffee production will continue during development of Tatu City. In fact the planners have insisted on maintaining respect for the coffee farming heritage as evidenced in the attention shown to the environment planning and design.

President Kibaki did a no-show. What a shame - I wonder what he had that was so pressing that he cancels his attendance at the launch of the biggest private investment in the country, an event that was in his schedule for a while.

My guess is that the president could still attend a groundbreaking ceremony. Iam interested to know more about that stadium what will be its capacity and if they will permit out of city programs.

^^
I have only one comment: Coffee is not food!
LOL.

Kenyan coffee is the worlds best (pretty much) and commands the highest prices due to limited production. The fact that coffee farmers are giving their land over to developers is down to the coffee marketing system in Kenya. Corruption and middlemen skive of the largest chunk of the sale price, and the farmer doesnt get a huge return. The direct marketing system (the 2nd window) hasn't really worked. I too was a bit concerned that coffee farms are giving way to this, but then again, some of the people behind Tatu actually already own some of the biggest coffee farms in the country.

LOL.

Kenyan coffee is the worlds best (pretty much) and commands the highest prices due to limited production. The fact that coffee farmers are giving their land over to developers is down to the coffee marketing system in Kenya. Corruption and middlemen skive of the largest chunk of the sale price, and the farmer doesnt get a huge return. The direct marketing system (the 2nd window) hasn't really worked. I too was a bit concerned that coffee farms are giving way to this, but then again, some of the people behind Tatu actually already own some of the biggest coffee farms in the country.

^^
I have been observing this trend over the years. Farmers are uprooting coffee and planting more lucrative horticulture/food crops or rearing dairy cattle instead. Kiambu isn't the only place coffee farms are losing out to real estate developments. Towns like Nyeri are also experiencing coffee plantations being turned into suburbs.

This project is already having an effect on the Nairobi Stock Exchange. I cant wait to see phase one completed. It will definitely be something...designer shops, beautiful malls and apartment blocks fronting manicured pedestrian walkways with pavement cafes...:cheers:

This project is already having an effect on the Nairobi Stock Exchange. I cant wait to see phase one completed. It will definitely be something...designer shops, beautiful malls and apartment blocks fronting manicured pedestrian walkways with pavement cafes...:cheers:
yes it will be nice.. lakini it will be an extension of the gated communities you see all over Nairobi, keepin the haves and the have-nots apart. While potentially TC will mean living in a contemporary, well-planned and properly functioning city (say goodbye to dealing with NCC crap, KPLC crap etc), the common wananchi have no interest in this project.

Really we need massive job creation to reduce the income disparity we see currently, and this will reduce the slums.

Tatu City rocked by shareholder wars

Moscow-based investment bank, Renaissance Capital’s quest to firm its grip on Nairobi’s Sh240 billion real estate project dubbed Tatu City has sparked a vicious boardroom battle that has now spilled over to the courts, casting dark clouds over what promises to be Kenya’s single largest investment plan.

Steve Mwagiru, a minority shareholder, has moved to court seeking the dissolution of Tatu City Limited – the company that owns the project — on grounds that the majority shareholders led by Renaissance Capital have blocked him from the running of the firm.

Mr Mwagiru, a coffee dealer, wants the other shareholders to pay him about Sh11 billion for his 14.5 per cent stake in the project or have the company closed down, according to court documents seen by the Business Daily.

Full Story (http://www.businessdailyafrica.com/Corporate%20News/Tatu%20City%20rocked%20by%20shareholder%20wars/-/539550/1047236/-/12nt5v/-/index.html)

^^
Now thats the last thing I wanted to read....Im fed up with court cases!

ahh, I am hungry for some Tatu news.:drool:

Tatu City rocked by shareholder wars

Moscow-based investment bank, Renaissance Capital’s quest to firm its grip on Nairobi’s Sh240 billion real estate project dubbed Tatu City has sparked a vicious boardroom battle that has now spilled over to the courts, casting dark clouds over what promises to be Kenya’s single largest investment plan.

Steve Mwagiru, a minority shareholder, has moved to court seeking the dissolution of Tatu City Limited – the company that owns the project — on grounds that the majority shareholders led by Renaissance Capital have blocked him from the running of the firm.

Mr Mwagiru, a coffee dealer, wants the other shareholders to pay him about Sh11 billion for his 14.5 per cent stake in the project or have the company closed down, according to court documents seen by the Business Daily.

Full Story (http://www.businessdailyafrica.com/Corporate%20News/Tatu%20City%20rocked%20by%20shareholder%20wars/-/539550/1047236/-/12nt5v/-/index.html)

THERE WE GO AGAIN
:bash:

The project seems to be underway

http://farm5.static.flickr.com/4018/5157502364_b36e7473b3_b.jpg


http://farm5.static.flickr.com/4036/5157502226_2b7bab14bc_b.jpg

rather flimsy gate they have there!

The project seems to be underway

http://farm5.static.flickr.com/4018/5157502364_b36e7473b3_b.jpg


hahhaha are u kidding me?? where did u see that?

rather flimsy gate they have there!

they should keep it once Tatu City is built. It can become like a monument or something. Seeing an old wooden arch in front of a gleaming new city...Ahhh, sounds good!

@MkateWaMayai, This is real, its quite Monumental, U should see the Logo, I will send a Pix of it when I pass there again. U can see the coffee plantation @ the background, and beyond the horizon, that will be the TATU City.

wow man, this is prime farming land. I wish this thing was to be built somewhere like ruai. This place could be another del monte

they should keep it once Tatu City is built. It can become like a monument or something. Seeing an old wooden arch in front of a gleaming new city...Ahhh, sounds good!

^^
Tatu city isn't a gated community! Its not supposed to have a gate. I dont think that gate is permanent.

wow man, this is prime farming land. I wish this thing was to be built somewhere like ruai. This place could be another del monte

^^
Now that's another farm that will one day go the same way as this farm IMO. I mean, its location is perfect for real estate, next to Thika town with a dual carriage highway running right through it. Plus, Thika Greens is being built next to it.

^^
Now that's another farm that will one day go the same way as this farm IMO. I mean, its location is perfect for real estate, next to Thika town with a dual carriage highway running right through it. Plus, Thika Greens is being built next to it.

all the while, 3/4 of the country sits empty:nuts:.

^^
Tatu city isn't a gated community! Its not supposed to have a gate. I dont think that gate is permanent.

It doesn't have to be gated, but maybe building a nice arch on the city's main street would be a nice welcome. Somewhat like Arc de triomphe.

all the while, 3/4 of the country sits empty:nuts:.

I think this project will provide a template for other major projects planned for Isiolo and Lamu.

Some more news.

Tatu City opens new business doors for mortgage financiers

http://farm5.static.flickr.com/4153/5171511616_6a42a119e0_z.jpg

Business Daily.
By Moses Michira,
November 3 2010.

Mortgage providers, Housing Finance and KCB’s S&L, who control an estimated two-thirds of Kenya’s home loans market, plan to invest in the proposed “Tatu City” project by financing developers who secure land on the proposed construction site.

Housing Finance managing director Frank Ireri said the company sees the Sh240 billion real estate project unveiled last week by Renaissance Capital and a consortium of local investors as an opportunity to grow its loans book.

“We are keen on financing developers in the Tatu City; this is the kind of projects that we have been looking for and are eager to finance,” he said.

The firm raised Sh7 billion last month from a corporate bond issue after its lending scope had almost been wiped out owing to the high demand for home ownership.
Housing industry players estimate that two-thirds of all new houses are financed through mortgage.
Housing finance’s main rival in mortgage financing, the KCB Bank owned S&L, said it is also eyeing the lending opportunity presented by Tatu City.

“S&L is very keen on financing developers to purchase land and fund the actual construction of the property,” said Carol Kariuki, the divisional director of S&L.

“Funding the developers opens up further business by setting the stage for financing the eventual buyers,” she added.

S&L and HF control more than two-thirds of the local mortgage market, but their market share is now under threat as more commercial banks venture into home financing, driven by the search for more lending opportunities and diminishing yields on alternative investments like government securities.

Launched on October 26, Tatu City is billed as a model city that will house 62,000 residents and provide extra amenities such as schools, shopping malls, hospitals and play grounds.

Promoters of the project say the city, which will be constructed near Kenyatta University will have the capacity to host up to 23,000 visitors every day.

The move to focus on financing property developers comes on the back of a booming construction industry that has seen mega housing projects come up in recent years, targeting the emerging middle class of home buyers.

“Short-term lending to developers has been the preserve of commercial banks because it fits into their capital structure and the nature of their main source of funds, which is customer deposits,” said Mr Ireri. “The supply side of the real estate financing is offering huge opportunities for mortgage lenders because it is shorter-term debt as compared to end home buyer.”

Developers, Mr Ireri said, repay their loans within an average of three years, while home buyers settle their mortgages over 12 years.

Increased appetite for home-ownership has attracted at least 10 commercial banks into mortgage financing in recent years.

Hass Consult, a property development firm, in a recent housing survey said home prices have soared 2.6 per cent in the past three months, driven by increased demand.
Annual demand for houses is currently estimated at 150,000 units, while supply stands at about 30,000 units.

National Bank of Kenya, CFC Stanbic, Co-operative, Standard Chartered and Barclays are among the commercial banks that have lined up with repackaged mortgage products hoping to grow their interest incomes from the lucrative home-ownership business.

^^ excellent news. This is a win win for everyone.

I was curious so went to the website's developement phase. It's at 1A right now, here is a pic:
http://www.tatucity.com/Images/TatuPhase1/dzc_output_files/9/0_0.jpg
I uess this is the center of Tatu that is going first, and an airport? :D
http://www.tatucity.com/Images/TatuPhase1/dzc_output_files/10/1_1.jpg
http://www.tatucity.com/Images/TatuPhase1/dzc_output_files/11/4_4.jpg

I don't know if they have residential and commercial areas seperated by color. I am kinda of thinking this area will be for residential that they're doing first, but then again it could be a mixed area with residential and commercial.

I was curious so went to the website's developement phase. It's at 1A right now, here is a pic:
http://www.tatucity.com/Images/TatuPhase1/dzc_output_files/9/0_0.jpg
I uess this is the center of Tatu that is going first, and an airport? :D
http://www.tatucity.com/Images/TatuPhase1/dzc_output_files/10/1_1.jpg
http://www.tatucity.com/Images/TatuPhase1/dzc_output_files/11/4_4.jpg

I don't know if they have residential and commercial areas seperated by color. I am kinda of thinking this area will be for residential that they're doing first, but then again it could be a mixed area with residential and commercial.

^^
Yes. That's the first phase. In 3D looks like this.

http://farm5.static.flickr.com/4153/5171511616_6a42a119e0_z.jpg

Going by the plans below, its mixed.

http://www.tatucity.com/Images/MasterPlan/imTatuCityMasterPlan.png

Here comes some controversy:

http://www.nation.co.ke/News/Tatu%20City%20pair%20face%20fraud%20charge%20/-/1056/1067702/-/knc2vs/-/index.html

Two key shareholders of Tatu City were on Monday charged with forgery.

Ms Rosemary Wanja Mwagiru and Mr Stephen Mbugua Mwagiru were charged together with Mr Robert Gitau. The are accused of forging a document identified by the police as CR12-C135765 dated June 10, 2010.

The police say the three allege the document was genuine and was issued by the Assistant Registrar of Companies identified as Wilson Gikonyo.

The court heard that the three committed the offence together with others yet to be charged.

Further, Ms Mwagiru denied a separate charge of uttering the alleged document to Lands officials at Ardhi House in Nairobi on June 10, 2010. They denied the charges and were released on cash bail of Sh30,000 each by the Chief Magistrate, Mr Gilbert Mutembei. Their trial will begin on February 3, 2011.

The Mwagirus are the majority shareholders of Tatu City, one of the biggest real estate developments in the country.

The Sh240 billion project, however, ran into trouble before its official launch when Mr Mwagiru rushed to court seeking to wind up the company — a move resisted by other shareholders.

Separately, two people appeared in the same court charged with possession of explosive materials.

Mr Charles Okoth Ofwa and Janifer Omohende Otieno denied one count of possession of explosive materials without a permit from the Department of Mines and Geology.

The court heard that the suspects were arrested on December 3 at Njiru area in Kayole, Nairobi, in possession of 800ft of det-code wire, 75 pieces of 32ft each of safety wire, two 250kg of Ammonium Nitrate and 30 pieces of detonators.

They denied the charges and Mr Mutembei directed that they deposit cash bail of Sh100,000 each to secure their release. Their case will also be heard on February 3, 2011.

BOM PROJETO CIDADES NOVAS JÁ NASCEM PLANEJADAS E ORGANIZADAS E COM MELHOR QUALIDADE DE VIDA'

BOM PROJETO CIDADES NOVAS JÁ NASCEM PLANEJADAS E ORGANIZADAS E COM MELHOR QUALIDADE DE VIDA'

Google Translation :)

GOOD DESIGN CITIES NEW BORN ALREADY PLANNED AND ORGANIZED AND QUALITY OF LIFE '

AllAfrica (http://allafrica.com/stories/201104140184.html): Ownership Case Over Tatu City Adjourned

A case involving two parties over the ownership and management of multi-million real estate project, Tatu City, was yesterday adjourned. When the case came up for mention before Justice Muga Apondi, all the parties agreed by consent to have their final submissions highlighted on June 17 and 19.

On March 2, lawyers George Oraro and Gibson Kamau Kuria, who are representing the parties informed the court that after extensive consultations the parties agreed to file written submissions in the case to save judicial time.

In the case, the petitioner, Waguthu Holdings Ltd through its shareholders Stephen Mbugua and Rosemary Wanja, wants the project in Kiambu county wound up. They claim they learnt by way of a letter dated September 3 2010 that the name of Waguthu Holdings had been changed to Tatu City Ltd.

The petitioners said that most of the members of the board of directors have deliberately violated principles of good governance and fair management. They argued that following their exclusion from the affairs of the company, Tatu City should be wound up under the companies Act.

So thats it...I just wish they had resolved those squabbles. The support for this project was immense. I guess it's just a matter of time for a similar project to come along.

what d'you mean thats it... Tatu City is going ahead. This court case is just a minor blip

what d'you mean thats it... Tatu City is going ahead. This court case is just a minor blip

I guess we will just wait and see as usual. I hope you are right. :)

MkateWaMayai was right.:)

Tatu City Development on Schedule after Court Ruling

Wednesday, 20 April 2011.

Africa’s first privately funded, managed and developed mixed use city, Tatu City, is on course to break ground for infrastructure development in the third quarter of this year.

While confirming this, Tatu City Ltd Director and Renaissance Partners' Vice President, Josphat Kinyua, said that the project whose masterplan was launched in October 2010 was at an advanced stage in acquiring all the required approvals: “A project of this magnitude requires approvals in physical planning, water and sewage, roads, energy and environment amongst others. We have not only met the required local and international standards in our application process, but have gone the extra mile to set best practice standards locally.”

He added while the shareholder’s dispute was still a matter in court, the project’s shareholders were confident in the legal system and were content with the judge’s ruling on Tuesday this week that dismissed an application filed by defendants Rosemary W Njau, Josephine Mwagiru and Anne Walker against Tatu City Limited and Kofinaf Limited to stay proceedings on illegally placed caveats on lands belonging to Tatu City Ltd and Kofinaf Ltd.

In his seven-page court ruling delivered at the High Courts, Judge Aggrey Muchelule ruled that the defendants failed to demonstrate that were the court to proceed to hear the caveats case would render their intended appeal useless.

“We have always been confident in the court process and yesterday’s ruling only reinforces the reality that is Tatu City. We now await direction from the court on when the the case regarding the illegality of the caveats will be heard. The courts have also set the 17 and 19 May 2011 as the dates for the definitive hearing of the maliciously filed winding up case. We are confident that justice will prevail.”

In August 2010, the defendants irregularly placed caveats on lands predominantly belonging to Tatu City's related sister company, Kofinaf Company Ltd, based on the false claim that they were directors and shareholders of the companies and using falsified company registry documents to support this claim. There is currently an ongoing criminal case in this regard.

Renaissance Partners, the lead shareholders in Tatu City development, have partnered with CDP Investments, a land investor and tourism company, to develop Roma Park, a 104-hectare multi-million-dollar mixed-use residential and commercial development, in Lusaka. The event marking the launch was officiated by Zambian President Rupiah Bwezani Banda, who commended Renaissance Partners and CPD Properties for their long-term investment and leadership in efforts to diversify Zambia’s growing economy.

Good news. I hate the fact that when it comes to land issues in Kenya,you have to keep on holding your breath.

great news.

Tatu City ownership battle starts after 8-month delay

http://www.businessdailyafrica.com/Corporate+News/-/539550/1179300/-/rp6roc/-/index.html

Tatu City ownership battle starts after 8-month delay

http://www.businessdailyafrica.com/Corporate+News/-/539550/1179300/-/rp6roc/-/index.htmlGood news!

Capita Symonds on £3bn Kenya job
Building UK (http://www.building.co.uk/news/capita-symonds-on-%C2%A33bn-kenya-job/5020663.article)
1 July 2011

Firm will be program dlivery partner on the Tatu City scheme

Capita Symonds has clinched the contract to be program delivery partner on a £3bn mixed-use development project in Kenya.

The Tatu City scheme, creating a new city in Greater Nairobi, is understood to be the largest real estate development in Africa and will house up to 62,000 people.

The majority shareholder in the scheme is Russian investment house Renaissance Partners, the investment arm of finance company Renaissance Group which operates across Africa, the Commonwealth of Independent States in the former Soviet regions and other emerging markets.

Capita Symonds will start work immediately, overseeing the program from pre-construction, project and design management, through to procurement and overall program management in the post-construction phase. Construction will begin in the first quarter of 2012. The value of fees to Capita has not been disclosed.

The Tatu City project has been mired in a series of legal disputes filed by its directors over its ownership. The latest round of cases opened earlier this month in Kenya’s High Court.

Last year Stephen Mwagiru, a founding director of Tatu City, filed a court petition to dissolve the firm saying other directors had excluded him from the management of its affairs.

Thanx SE9. I'm curious about other previous projects that Capita Symonds has undertaken in the past. It should give us a rough idea about what to expect.

They are currently constructing the BBC's "Media City" in the UK, which is a massive undertaking:

http://www.edwud.com/photos/media_city_salford_quays.jpg

I'm impressed. :)

This is the most optimistic I've felt about the project!

http://www.nation.co.ke/Features/DN2/A+private+municipality+/-/957860/1200376/-/bu0ghtz/-/index.html

Tatu City Shareholders Drop Oraro Law Firm
allAfrica (http://allafrica.com/stories/201110270103.html)

Majority shareholders of Tatu City Ltd have dropped the besieged firm of Oraro and Company Advocates in a move that could unlock pending multiple suits facing the controversial multi-billion shilling real estate project.

A notice of change of advocates was filed in the Commercial Division of the High Court on October 24 by the firm of Kemboi and Company Advocates indicating that it had been instructed to act for the majority directors.

"Take notice that Tatu City Company Ltd has appointed the firm of Kemboi and Company Advocates to act on its behalf in place of Oraro and Company Advocates," read the notice.

The law firm also made it clear that all future correspondences relating to Tatu City be directed to them.

This comes in the wake of twists and turns that have culminated in various criminal and civil litigations currently awaiting hearing and determination in a magistrate's court, High Court and Court of Appeal.

Minority shareholders Steve Mwagiru and Rosemary Wanja have consistently urged the High Court and Appeal Court to disqualify Mr George Oraro from acting for rival directors Mr Nahashon Nyaga, Mr Vimal Shah and Mr Josephat Kibogo Kinyua.

Appellate court

But after a judge declined to push out the lawyer from brief, the Mwagirus moved to the appellate court and the judges are yet to set a hearing for their application. They accuse Mr Oraro of conflict of interest.

On October 21, the Mwagirus persuaded Mr Justice Jonathan Havelock to halt the court proceedings to await the outcome of an application in the Court of Appeal seeking to overturn Mr Justice Muga Apondi's ruling that allowed Mr Oraro to continue acting for one of the parties in the dispute.

"It was prudent to stop the proceedings until the matter is determined by the Appellate Court," ruled Mr Justice Havelock. The judge noted that should the firm of Oraro be disqualified from acting for the parties, "it would affect most, if not all the applications filed in case."

However, the latest development may now render Mr Oraro's application void after his firm was dropped by one set of directors.

Besides the civil suits, Mr Mwangiru, Ms Wanja and lawyer Mr Robert Githui have a criminal case pending in the magistrate's court.

Just one more of the court dramas surrounding this project. They have shifted their dates yet again to early 2012 (check their website). We will just be patient and see how this turns out.

Court cases concerning real estate in Kenya usually have some interesting twists in the end.

CBR (http://www.constructionkenya.com/2418/tatu-city-project-to-begin-this-month/): Tatu City Project to Begin This Month

Phase One (residential areas, malls, hotels, offices) will be done by Q4 2013. That's if construction goes to plan.

We'll see.:yes:

Capita Symonds are the same company expected to build Kampala tower :http://www.skyscrapercity.com/showthread.php?t=1480412

CBR (http://www.constructionkenya.com/2418/tatu-city-project-to-begin-this-month/): Tatu City Project to Begin This Month

Phase One (residential areas, malls, hotels, offices) will be done by Q4 2013. That's if construction goes to plan.

We'll see.:yes:

:banana:

Finally!

Thank God.

groundbreaking is very soon

what is that big stadium like structure?

stadium has been cancelled. they came to the realisation that stadiums dont make much money, so nobody would be tempted enough to take it on

Capita Symonds on £3bn Kenya job
Building UK (http://www.building.co.uk/news/capita-symonds-on-%C2%A33bn-kenya-job/5020663.article)
1 July 2011

Is Tatu going to be larger than Lagos' Eco Atlantic City?

They are building Eco Atlantic on a man-made island. I think Tatu will have more space but I'm not that sure about it.

Seeing that yesterday Tatu City was been referred back to the high court, does anyone actually think this "city" will ever get built?

And Michuki passed - sad for his family. He went out like any of the old guard would have preferred "in office"

Seeing that yesterday Tatu City was been referred back to the high court, does anyone actually think this "city" will ever get built?

And Michuki passed - sad for his family. He went out like any of the old guard would have preferred "in office"


It is hard to comprehend why people get into such business conflicts. No science can explain it, but just saying liars, opportunists, etc are responsible for this shameful back and forth. And the courts are acting as if they have no power to make decisions that can guide and protect rightful ownership of property and business, what with injunctions, i don't know constitutional interpretation, and all that jargon? In the end genuine people with genuine and serious business ideas get bogged down by these endless and objectiveless delays. You can lose your steam!! Eventually they abandon their ventures and take their money elsewhere, and we lose jobs and investments. And then when the judicial system does is not seen to expedite business conflicts Kenya is seen too not to have a business friendly environment. The CJ please show leadership and help resolve these endless tussles, so Kenyans can get jobs with increased investments.

It is hard to comprehend why people get into such business conflicts. No science can explain it, but just saying liars, opportunists, etc are responsible for this shameful back and forth. And the courts are acting as if they have no power to make decisions that can guide and protect rightful ownership of property and business, what with injunctions, i don't know constitutional interpretation, and all that jargon? In the end genuine people with genuine and serious business ideas get bogged down by these endless and objectiveless delays. You can lose your steam!! Eventually they abandon their ventures and take their money elsewhere, and we lose jobs and investments. And then when the judicial system does is not seen to expedite business conflicts Kenya is seen too not to have a business friendly environment. The CJ please show leadership and help resolve these endless tussles, so Kenyans can get jobs with increased investments.

So abckris, do you think Tatu with happen or not? what are guys thoughts?

So abckris, do you think Tatu with happen or not? what are guys thoughts?

According to reports on WSJ, Russian investment bank Renaissance Group is pulling out because of red tape and corruption. Willy Mutunga's judiciary has been stalling the project and we are about to lose a $3 bilion investment. Kenya = fail!! Please tweet Willy Mutunga and congratulate him and his judiciary! Tweet Willy Mutunga @WMutunga to congratulate him! :ohno::ohno::ohno:

^^that doesn't make sense, perhaps you read the article wrongly.:? Court battle is dragging on, which is what the article was probably about.

Russian businessmen are typically corrupt people. Dont be surprised with any corruption charges.

yes it is going ahead

Russian businessmen are typically corrupt people. Dont be surprised with any corruption charges.
But who is more corrupt, the Russian or Kenyan businessmen?;):jk:

But who is more corrupt, the Russian or Kenyan businessmen?;):jk:
The Russian!

Kenyans are just used to petty corruption scandals. The Russians do multi-billion dollar scandals, no wonder there are signs of corruption in this Tatu project.There is more money to be made and not in a transparent way.

http://kwkenya.com/real-estate-news/sh200b-tatu-city-gets-off-the-ground/

According to today's episode of Property weekly on channel K24 ,the project is on.They have got approvals from Ruiru County Council .Construction starts in the third quarter of this year.

Good to know!It's one of those projects that should not be shelved at all and it's very unique.

dNjMyQMbPls

It's nice to see the project is actually continuing. But seeing that land being plowed, they aren't using farm land are they?:?

+1 Finally we get to see this being built.But 8-11 years till completion is a very long-time i was thinking in the lines of 4-5 years but i guess it will depend on the funds...As a diasporian i would invest in this project so completion would be in a my stated timeline.

what about the trial? what about mwagiru?

Tatu city will create its own coffee brand
http://www.nation.co.ke/Features/smartcompany/Tatu+City+arm+reaches+for+coffee+cash+/-/1226/1415276/-/13h1svtz/-/index.html
The management of Tatu City is developing a coffee value addition programme through its subsidiary, Kofinaf. It aims to tap into a growing coffee drinking culture among Kenya’s middle class.


In a communication to Smart Company, Kofinaf general manager Fabian Philippart said plans were underway to partner with Tatu City to develop customised, branded coffee products targeted at the local market.

The move will see Tatu join the league of Sasini, Dorman, and Java, who blend and market their own coffee and retail it through coffee shops. “The middle class is booming in Kenya and their habits are changing. The move will open the market wider for consumption of coffee,” he said.

Kofinaf produces about 9 per cent of Kenya’s coffee and mills about 30 per cent of the product. Mr Philippart said the planned partnership with Tatu City would include coffee shops as well as ground and roasted coffee for local consumption.

Kofinaf owns seven plantations in Thika and Juja areas, including the Tatu Estate in Kiambu. In 2008, investors seeking to build a satellite city to Nairobi in Kiambu acquired Kofinaf in a Sh7.6 billion deal.

Kofinaf then sold part of Tatu Estate to the group of investors led by Russian bank Renaissance Capital to build the proposed 1,000 hectare Tatu City. Kofinaf retained its holding of more than 4,000 hectares of land surrounding the planned development.

In the year ending March 2012, 3653 tonnes of coffee were produced by Kofinaf in its various estates, with 193 tonnes coming from Tatu Estate. Mr Philippart said the firm expects to raise coffee production to 400 tonnes.

A growing middle class in emerging markets is expected to buoy coffee prices over the next 10 years. Demand from Brazil, India and China is on the rise.

Did you guys know that there would be a megamall (Mall of Kenya) planned for Tatu City too? It's in the first Phase (1A), and from the looks of it I'm thinking it'll definitely be the largest mall in Kenya if it's built.

http://www.tatucity.com/TATU_City_1.jpg?1339470918590

http://npitapete.files.wordpress.com/2012/02/tatu_city_2.jpg?w=593&h=333

^^I was right:



The Tatu City vision – facts and figures: http://www.tatucity.com/MediaCentre/NewsAndViewsDetails.aspx?id=98

The Mall of Kenya, the planned shopping experience at Tatu City, will be the largest leisure and retail centre in East Africa, and will pay tribute to Kenya’s coffee growing traditions.

I'll look forward to seeing that in the flesh.

That plan looks like a world-class size mall.

2nhY3gj7GZc

^^

Finally. :banana:

^^Good news.:yes:

Tatu City eyes Sh20bn tax refund on infrastructure
http://www.businessdailyafrica.com/Tatu+City+eyes+Sh20bn+tax+refund+on+infrastructure/-/539552/1431662/-/lsnj16/-/index.html

Developers of the Tatu City commercial and residential estate are targeting tax refunds of up to Sh20 billion that they intend to spend on building roads, sewerage systems, power lines and supplying water to tenants.

The developers are basing their refund estimates on a new law proposed by Finance minister Njeru Githae, which will authorise the Kenya Revenue Authority (KRA) to allow builders of social infrastructure to claim tax deductions equivalent to amounts spent in four years.

“Approximately 30 per cent of the total (Sh64.5 billion) cost in the first phase is on public infrastructure,” said the firm in a statement.

“Our objective is to develop the infrastructure system like roads, water and sewerage system and we think this qualifies for tax rebates under the plan,” added the firm.

Great to see Tatu's construction beginning.:cool:

del

http://i.imgur.com/A5GvY.jpg
http://i.imgur.com/yL5Xh.jpg
http://i.imgur.com/0AYIU.jpg

Construction pics

Construction :cheers:

It's a wrap!

Tatu City shareholders set for long court battle

Wrangling shareholders of real estate company Tatu City have set the stage for a bruising court battle after rejecting efforts to find a deal outside court. Minority shareholders Stephen Mwagiru, Rosemary Wanja and Anne Walker, and majority shareholders Vimal Shah, Josphat Kinyua and Nahashon Nyaga have rejected efforts to have a dispute over Tatu City solved out of court, and have opted for a court battle, according to Justice Daniel Musinga.
http://www.nation.co.ke/business/news/Tatu+City+shareholders+set+for+long+court+battle+/-/1006/1472984/-/gn3g74/-/index.html

It's a wrap!

Tatu City shareholders set for long court battle


http://www.nation.co.ke/business/news/Tatu+City+shareholders+set+for+long+court+battle+/-/1006/1472984/-/gn3g74/-/index.html

:ohno::ohno::ohno:
These wrangles are depressing.

this court cases are really disturbing. why cannt this people agree. another thing has anyone heard of the proposed kingsgate estate in juja. visit the following website
http://www.kingsgate.co.ke/houses.htm (http://www.kingsgate.co.ke/houses.htm)

Welcome to SCC muenyewekabisa

Wow Kingsgate looks good very posh

Indeed.

this court cases are really disturbing. why cannt this people agree. another thing has anyone heard of the proposed kingsgate estate in juja. visit the following website
http://www.kingsgate.co.ke/houses.htm (http://www.kingsgate.co.ke/houses.htm)

funny how you just sneaked in kingsgate. you must be one hell of a marketer i must say :lol:

sarjent i am not a marketer of kingsgate i am actually an interested buyer thus why i was asking if anyone has heard about them

sarjent i am not a marketer of kingsgate i am actually an interested buyer thus why i was asking if anyone has heard about them

ma bad! :okay:

http://4.bp.blogspot.com/-kjpq6pVAYBY/UEwebcoHaOI/AAAAAAAABkI/-AgpqzWqRXM/s1600/Tatu(small).jpg

You're going to be covering Tatu City's construction?

The proposed Mall of Kenya -- first super-regional mall in East Africa.

Recent updates from the Ingineer website http://www.megaprojects.co.ke/blog/welcome-tatu-city

http://www.megaprojects.co.ke/sites/default/files/styles/large/public/fields/images/blog/Entrance.jpg


http://www.megaprojects.co.ke/sites/default/files/imagepicker/2/Enabling-Works.jpg



http://www.megaprojects.co.ke/sites/default/files/imagepicker/2/Untitled-1.jpg


http://www.megaprojects.co.ke/sites/default/files/imagepicker/2/Untitled-2.jpg

Recent updates from the Ingineer website http://www.megaprojects.co.ke/blog/welcome-tatu-city

http://www.megaprojects.co.ke/sites/default/files/styles/large/public/fields/images/blog/Entrance.jpg


http://www.megaprojects.co.ke/sites/default/files/imagepicker/2/Enabling-Works.jpg



http://www.megaprojects.co.ke/sites/default/files/imagepicker/2/Untitled-1.jpg


http://www.megaprojects.co.ke/sites/default/files/imagepicker/2/Untitled-2.jpg
thanx for the update Adm.Adama (http://www.skyscrapercity.com/member.php?u=938092).....this week uv reaaly updated us on almost all the good projects that are under construction!! good stuff:cheers:keep em coming

i try to do my best

More Photos from the Ingineer website http://www.megaprojects.co.ke/blog/week-02-update

http://www.megaprojects.co.ke/sites/default/files/fields/images/blog/Tatu_3.jpg


http://www.megaprojects.co.ke/sites/default/files/imagepicker/2/Tatu_4.jpg


http://www.megaprojects.co.ke/sites/default/files/imagepicker/2/Tatu_3.jpg


http://www.megaprojects.co.ke/sites/default/files/imagepicker/2/Tatu_1.jpg

NAIROBI, JANUARY 18, 2013 - Construction of Tatu City, a multi-million dollar satellite city planned on the outskirts of Nairobi is now on full steam following the conclusion of a winding up petition that has held back the development for two years.

On Friday, Commercial Court Judge Justice Daniel Musinga, refused to allow the petitions filed by Tatu City’s minority shareholders to have the Company wound up or they be bought out by the majority shareholders.

In his ruling, Justice Musinga agreed with the Company that the minority shareholders had acted unreasonably in petitioning the Court to wind up the Company when there was an alternative remedy available to them, through sale of their shareholding to the other shareholders. The Judge also held that the minority shareholders had filed the petitions as an extortion scheme intended to force the Company to buy their shareholding at valuations dictated by the minority shareholders. He ruled that they held only one (1) share each in the Company which should be valued and paid for by the Company.

“We are grateful that the High Court has finally heard and determined the winding up petitions. We are even more grateful that justice has been served and this ruling will assist in restoring investors' confidence in the judicial system in Kenya. With the winding up petition behind us, we can now go full steam with the development of Tatu City, which will change the face of urban development in Kenya” said Arnold Meyer, the acting CEO for Tatu City.

Mr Meyer added that Tatu City looks forward to partnering with local developers who will profit from involvement in building the city and therefore expand the opportunity in the local real estate development industry.

Tatu City covers over 1,000 hectares and will comprise over 22,000 residential units and approximately 2 million square metres of office, retail, light industrial spaces as well as community facilities including , public service transport interchanges, health facilities and recreational parks.

The director general of Vision 2030 Delivery Secretariat, Mugo Kibati said that as one of the flagship projects of Vision 2030, Tatu City is poised to make a significant contribution to Kenya’s renewed growth in economic and social development.

“It a holistic urbanization model that is cognizant of the social and economic pillars of Vision 2030, and its commencement is good news for the country as it will contribute towards sustainable development. Tatu City will also reposition Kenya’s property development and housing landscape making it a reference point for other African countries,” added Mr. Kibati.

Already, Tatu City has received the requisite environmental and statutory approvals. With the conclusion of the court case, the actual construction work is set to move with speed including the installation of services for the city along with the road finishes, pavements and landscaping. The main bulk service installations such as the power switching station and treatment plants will also commence. :cheers:

How I love our new judiciary...by far the best news this year on SSC Kenya.

Great news! I can't wait to see this kick off!

It's about time.

NAIROBI, JANUARY 18, 2013 - Construction of Tatu City, a multi-million dollar satellite city planned on the outskirts of Nairobi is now on full steam following the conclusion of a winding up petition that has held back the development for two years.

On Friday, Commercial Court Judge Justice Daniel Musinga, refused to allow the petitions filed by Tatu City’s minority shareholders to have the Company wound up or they be bought out by the majority shareholders.

In his ruling, Justice Musinga agreed with the Company that the minority shareholders had acted unreasonably in petitioning the Court to wind up the Company when there was an alternative remedy available to them, through sale of their shareholding to the other shareholders. The Judge also held that the minority shareholders had filed the petitions as an extortion scheme intended to force the Company to buy their shareholding at valuations dictated by the minority shareholders. He ruled that they held only one (1) share each in the Company which should be valued and paid for by the Company.

“We are grateful that the High Court has finally heard and determined the winding up petitions. We are even more grateful that justice has been served and this ruling will assist in restoring investors' confidence in the judicial system in Kenya. With the winding up petition behind us, we can now go full steam with the development of Tatu City, which will change the face of urban development in Kenya” said Arnold Meyer, the acting CEO for Tatu City.

Mr Meyer added that Tatu City looks forward to partnering with local developers who will profit from involvement in building the city and therefore expand the opportunity in the local real estate development industry.

Tatu City covers over 1,000 hectares and will comprise over 22,000 residential units and approximately 2 million square metres of office, retail, light industrial spaces as well as community facilities including , public service transport interchanges, health facilities and recreational parks.

The director general of Vision 2030 Delivery Secretariat, Mugo Kibati said that as one of the flagship projects of Vision 2030, Tatu City is poised to make a significant contribution to Kenya’s renewed growth in economic and social development.

“It a holistic urbanization model that is cognizant of the social and economic pillars of Vision 2030, and its commencement is good news for the country as it will contribute towards sustainable development. Tatu City will also reposition Kenya’s property development and housing landscape making it a reference point for other African countries,” added Mr. Kibati.

Already, Tatu City has received the requisite environmental and statutory approvals. With the conclusion of the court case, the actual construction work is set to move with speed including the installation of services for the city along with the road finishes, pavements and landscaping. The main bulk service installations such as the power switching station and treatment plants will also commence. :cheers:^^^^ FIN:banana::banana:LY

Some more detailed videos on the project:

pKHpDcREz_c

pC1Tjsf1dFU

http://www.nation.co.ke/image/view/-/1669074/medRes/450354/-/maxw/600/-/jmtldfz/-/tatu.gif
Lady Justice Nancy Jacqueline Kamau holds the ruling on the Tatu City Limited winding up petition at the High Court in Nairobi on January 18, 2013. In a ruling which she read on behalf of Mr Justice Musinga, the court declined to wind up the company, a decision that relieved investors and prospective buyers in the proposed project. Photo/PAUL WAWERU NATION

By PAUL JUMA pjuma@ke.nationmedia.com
Posted Friday, January 18 2013 at 18:26

Development of the Sh24 billion Tatu City can now start after the High Court declined to wind up the firm undertaking the construction instead asking the aggrieved minority shareholders to sell their stake.

Construction of the real estate project in Kiambu County has been in abeyance since 2010 when Rosemary Wanja and Stephen Mwagiru moved to court blocking its development and seeking orders for its wind up.


The petitioners accused the other shareholders of excluding them from the affairs of the companies, disregarding their views and sought court orders to have the company sold.

Force a buy-out

“The petitioners are acting unreasonably by seeking to have the companies wound up so as to force a buy-out on their terms even where the court has no jurisdiction to make such orders regarding foreign registered companies,” the court ruled while dismissing their first prayer.

Instead, Mr Justice Daniel Musinga, urged the petitioners to pursue an alternative remedy — acquisition of their shares through arbitration.

Ms Wanja and Mr Mwagiru claim is for a 14.5 per cent stake on Tatu City and 15.8 per cent on its sister company Kofinaf.

“The court has given us the alternative relief, so in effect, the petitioners have succeeded,” lawyer for the petitioners, Mr Paul Wamae said after the ruling was delivered.

The court ordered that the arbitration to determine their stake to be pursued in Kenya and at the London Court of International Arbitration.

The valuation of their shareholding is to be determined by a reputable accounting firm.

Project will continue

“The company continues to exist. The project will continue as scheduled,” Mr Ochieng Oduol, lawyer for the real estate firms told Saturday Nation.

The proposed city is being constructed on over 1,000 hectares (2,400 acres). It will comprise of over 22,000 residential units and approximately two million square metres of office, retail, light industrial spaces as well as public amenities including transport service interchanges, health centres and recreational parks, according to the companies.

“With the winding up petition behind us, we can now go full steam with the development of Tatu City, which will change the face of urban development in Kenya” said Arnold Meyer, the acting chief executive officer of Tatu City Limited.
http://www.nation.co.ke/business/news/-/1006/1669056/-/2b1tbrz/-/index.html