Online commerce sparks warehouse boom in Nairobi

Growing demand for warehouses from e-commerce firms and conventional retailers seeking to boost their online sales is reshaping Kenya’s industrial property market and driving new development in the country. Property developers are increasingly setting up new warehouses in strategic locations…
Mountain of bad debt looms over Kenya as builders hit hard times

Local construction companies have been ranked among the biggest defaulters of commercial bank loans as delay by the government to pay State contractors’ bills continue to take its toll on the building and construction sector. According to the central bank,…
Safety concerns as Sh730m Everest Park develops huge cracks

Several houses at the Athi River-based Everest Park estate have developed massive cracks, prompting the authorities to undertake an urgent structural audit of the newly built property. The houses have developed huge cracks from the foundations up to the walls,…
New offices sit empty as Nairobi’s Upper Hill loses shine

Nairobi’s Upper Hill is feeling the pinch of oversupply as office vacancy rates remain relatively high, according to a report by commercial property services company Broll Kenya. Upper Hill, the report says, is becoming increasingly unpopular due to the heavy…
Hard times as cement makers take hit from flagging big projects

Local cement firms are contending with lethargic growth in demand for the commodity as sinking orders from mega projects weigh heavily on the firms’ profitability. Demand for cement has been lukewarm since the beginning of the year as key sectors…
Japanese paint firm eyes big money in Kenya real estate

Kansai Paint Company has acquired a 90 per cent stake in Kenyan paint manufacturer Sadolin Group in a deal valued at Sh10 billion. The Japanese paint and coating maker says that its subsidiary, Kansai Plascon Africa Limited, will now be…
Popular roofing styles to choose from when building your home

There are many popular roofing designs and styles to choose from for your house in Kenya; gable-style roofing, gambrel, pyramid, flat, hipped roofs and many others. Gable and hipped roof styles are the most basic and least expensive to install…