Britam, a leading diversified financial services group operating in East and Southern Africa, recently broke ground for a Ksh 3.3 billion serviced apartment complex in Kilimani area, Nairobi.
The project, located on a 1.6 acre piece of land, will comprise of 46 one bedroom and 117 two bedroom apartments designed to international standards. The 11 floor fully furnished serviced apartments will offer the convenience of a hotel as well as the feel of home. They will target business travellers or business executives visiting or living in Kenya for an extended period of time.
The property is set to be completed in 2019. It will be developed by Britam Properties, a subsidiary of Britam Holdings Ltd.
Some of the unique features in the property include a central laundry, private restaurant, housekeeping services, steam/sauna, housekeeping services, Wi-Fi among others.
Britam’s decision to venture into property and real estate development is part of the groups diversification strategy meant to reduce portfolio risk and exposure to the volatile stock exchange market.