Safaricom is set to open a mega Sh. 4.3 billion real estate project in Machakos County in six months.
Under the Safaricom Pension Scheme development, the project dubbed Crystal Rivers has a total of 200,000 Square Feet of letting floor space, and a residential area consisting of 3 and 4 bedroom townhouses, plus a cluster of 3 bedroom apartments.
Crystal Rivers will also have residential houses consisting of 3 and 4 bedroom townhouses, plus a cluster of 3 bedroom apartments.
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“Today, we see many of Nairobi city residents, including many of my colleagues, moving to the peripheral of the city in search of the perfect living space for our families. We have seen tremendous population growth in Syokimau, Athi River, Kitengela and even Embakasi. More industries and businesses continue to come up here in line with our growing economy, most notably, the Standard Gauge Railway station. As the population of these regions continues to grow, and as our children grow, there will be demand for sustainable living, recreational and working spaces,” said Safaricom Staff Pension Scheme Board of Trustees Chairman Joseph Ogutu.
The townhouses and apartments are set to be complete by 2018 with already 10 per cent occupancy.
Apartments will retail at Sh8 million while the townhouses will retail from Sh.14 million.
The mall will accommodate at least 1000 vehicles while introducing SMART CITY installations for integrated internet and WIFI Internet access.
In total, the mall provides for the largest single parking area in the County with 700 spaces on both the lower ground and upper ground floors.