The fund has a Sh18 billion annual kitty for investments in Africa.
Proposed estate is targeting middle to upper income earners working at Konza City.
Thomas & Piron Grands Lacs seeks to enter the Kenyan market as a developer and a contractor.
The shilling has lost 28pc of its value since January, battered by double-digit inflation.
The plant will be the first to make photovoltaic (PV) solar panels in East and Central Africa.
The development spans 41 acres and will comprise 2,500 one-bedroom units.
It has emerged that some of the materials in the market are sub-standard.
The resort will be built in four phases with each phase taking a year to complete.
This is the largest EPC contract that Isolux Corsan has undertaken in Africa to date.
The deal will give Flowcrete a piece of the local market while diversifying Crown Berger’s product offering.