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Kenya construction boom outside Nairobi in Nakuru

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Kenya construction boom outside Nairobi in Nakuru Real estate boom spills over to more urban centres Kenya - Low cost housing apartments The construction boom in Kenya is spilling to urban areas outside Nairobi with Nakuru town, Kenya’s fourth largest urban centre and the fastest growing metropolis in Africa, the latest to attract an investment of 450 low-cost housing units. Milimani Holdings, a group of private investors, plans to spend an estimated Sh250 million in the construction, which is set to speed up development in the town recently named by UN-Habitat as Africa’s fastest growing urban centre. The initial phase of the project will comprise 160 housing units, clustered in 10 blocks of 16 flats each in the five-year project scheduled to start next year. “Nakuru is fast growing in terms of the attraction of professional services and skills, but the real estate sector has not been exploited to reflect the resultant demand from this influx,” Mr Edwin Gitau, an official w...

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