Real Estate Developers of Tatu City have embarked on an investor mission to meet multinational executives and industrialists in five US cities. The US business tour will see them visit New York City, Los Angeles, Kansas City, Miami and blue-chip companies in Washington DC in April. The main focus of the tour will be ICT and smart community technology, renewable energy, construction, security systems and healthcare facilities.

 

Real Estate Developers of Tatu City have embarked on an investor mission to meet multinational executives and industrialists in five US cities. The US business tour will see them visit New York City, Los Angeles, Kansas City, Miami and blue-chip companies in Washington DC in April. The main focus of the tour will be ICT and smart community technology, renewable energy, construction, security systems and healthcare facilities.

Presently, Tatu Management has confirmed that 2, 500 acres of land are under development with already 44 leases and purchase of up to 150 residential plots. To date 13 firms among them Dorman’s coffee has already broken ground for its processing, packaging, warehousing and trading facilities. Bidco, Kim Fay and Unilever are in the process of setting up new production facilities after sealing deals with the Management.

Tatu City CEO, Antony Njoroge said that it is investing KES2.2 billion in initial infrastructure ahead of rolling out major projects in June “Construction of murram roads leading to the site projects is on course, with about 90 per cent of the sewer treatment completed in 2015 and power lines connections to different firm’s spaces ongoing. The construction of a water treatment plant is ongoing.”

Tatu City is among Rendeavour’s parcels of prime land measuring over 30,000 acres slated for satellite community developments in Kenya, Ghana, Nigeria, Zambia and the Democratic Republic of Congo which is an idea being pushed by its American shareholders eager to speed up establishment of US companies.

Its design is a visionary concept aimed to shift urban development in Kenya from the familiar single node model to a decentralized urban environment. By doing so, Tatu will significantly decongest the City of Nairobi by offering a unique live, work and play environment.

The city will be located within easy of access to Jomo Kenyatta Airport, Runda, Kenyatta University, UniCity, Thika Highway, the Northern and Eastern Bypasses. The industrial park will be home to local, regional and international companies growing in Africa with a hub in Kenya. Once concluded, the project is estimated to cost more than KES11.8bn with residential accommodation development of up to 100,000 people.

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