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Francis Kihanya, the CEO of Manyatta, a real estate consulting company, is in the US to market Hacienda Eco-City (link here) to Kenya’s Diaspora community. Manyatta is the international marketing agent of Pangaea Development Holdings Limited, a Pan African regional property investment and development company which is building an eco-friendly housing complex at the Kenyan Indian Ocean coast.
The first of its kind in Africa, the aptly named Hacienda Eco-City, will be wind and solar powered. In an effort to greening the city-within-a-city, the developers the development will be solar powered and will utilize water from its wetlands allowing the property to be self-sufficient.
The Hacienda Eco-City will have about 6000 houses in Mombasa : the housing developer-Hacienda Development Holding — will complete the first 700 houses by the beginning of next year. The units will range from two-bedroom apartments to 4 bedroom stand alone bungalows.
“The housing market in Kenya is driven by need,” says Kihanya. From his assessment of the market, there is a dire need of housing for low income and middle income housing. With the units priced between $45,000 and $60,000, both Manyatta and Pangaea are committed to serving this need.
For more information on the Hacienda eco-city, visit Manyatta’s website (www.manyatta4u.com).
Below find information on Hacienda’s Minnesota marketing event where Eric G. Postel, Director - Hacienda and Francis Kihanya of Manyatta will hold a briefing session with potential investors:
6pm June 27th, 2008—Hilton Garden Inn, 1050 Gramise Road, Shoreview, Mn
The rest of the US Tour:
Chicago, Il - July 11th,
Boston, Ma - July 18th,
Washington DC - July 19th.
Dates for Dallas, TX and Atlanta, GA will be announced later this year.