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Fusion Capital, Optiven partner in new Murang’a housing project

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Fusion Capital and Optiven have entered into a new strategic partnership that will see the two giants deliver a semi-serviced gated community in Murang’a.

The two leading firms have in the past partnered in a strategic deal that saw the launch of Amani Ridge in last year and the beginning of mutually beneficial business alliance between them. This current partnership will see them deliver a gated community in the lush vegetation of Muranga county touching the Thika-Gatura Road and just 8kms off Thika super highway.

The project will comprise 70 homes that will sit at the heart of the Chania masterplan, offering its residents a first class experience with top of the range amenities available within the property.

The Royal Palms boasts of ready titles, electricity and adequate water on site as well as a perimeter wall surrounding the development and a gate house offering security to the residents. There are also internal murram roads and ready home designs.

Other proposed amenities in the larger masterplan include a commercial zone, picnic grounds and IGCSE School. The area is fast developing with land mark developments in the area such as Bahati ridge and Golden Pearl having achieved significant take up.

During the launch at the site, Fusion CEO Mr. Daniel Kamau stated that the partnership with Optiven is informed by the fact that home ownership is generally a process in Kenya and Optiven has continued to make that a reality based on its over 20 years track record.

“We have about 25,000 mortgages in Kenya and as such, not many Kenyans will be able to buy ready properties. Kenyans will buy land, pay off the loan and source a fresh facility to do their own construction which ends up saving them about 30% of what they would otherwise pay for a ready project. We intend to continue partnering with Optiven on similar concepts,” he said.

Speaking at the launch, Mr George Wachiuri, the CEO of Optiven Group said that Optiven is intentional about enabling Kenyans to own homes. “This is a mandate we will continue delivering on, we don’t just sell land, we sell homes where families will grow and live happily,” he added.

Optiven has delivered various projects including Victory Gardens in Kitengela, the Garden of Joy in Machakos and Shekinah Gardens amongst others.

[See Also: US orders Facebook to pay Sh519.8b penalty for user privacy violations]

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