Under the deal, The Kenya Ports Authority retirement fund will in partnership with Pinnacle Projects to construct 198 residential apartments in Nairobi’s South C referred to as the Bandari Apartments Phase II. The project consists of three high-rise blocks made of 3-bedroom units. Each block 11 floors high with six apartments on each floor. Triad Architects will handle the design.
Construction began in 2018 and is expected to be completed by December 2020. The apartments are each going for KSh15 million during the ongoing offer period. The developers have announced that the open day for the project will be on 20th and 21st July 2019 starting at 8.00 am.
The KPA retirement fund has ventured into real estate development to grow and safeguard the workers’ contributions just like most pension schemes in Kenya.