According to the latest issue of the Indian Ocean Newsletter, Mr Pattni has been investing heavily in the city’s land and property sector since January, mainly through his investment company Westmont Holdings.
“His attention is concentrated on the Westlands constituency, where he ran unsuccessfully for a parliamentary seat in the 2013 election,” the ION reported.
Mr Pattni has acquired plots of land in Parklands, Muthangari, Kileleshwa and Loresho neighbourhoods, where he is planning to build luxury apartments and office blocks to house headquarters of major corporations.
Property market watchers believe that Mr Pattni’s latest buying spree is informed by the rising number of deep pocketed foreigners moving to Kenya in pursuit of oil money and a booming regional economy.
Last week, a country house in Karen, an affluent suburb of Nairobi, went on sale for Sh565 million – earning the title of Kenya’s most expensive home.
If the sale of the 6-bedroom Hogmead residence goes through, it will reaffirm Nairobi’s position as a prime real estate destination in the region.