The CIC group launches the sale of Ushirika Gardens land in Kiambu

The CIC group launches the sale of Ushirika Gardens land in Kiambu

By Soko Directory Team / Posted on November 8, 2022 | 1:14 p.m.

The CIC Group today launched the sale of its 50-acre land located in Kiambu. The land, part of a 200-acre property adjoining Tatu town, has been subdivided into quarter-size plots for ease of purchase with prices starting at KES 7 million.

The residential plots that will be sold to owners will be placed in court within the larger gated community as prescribed by the approved proposal submitted to the county government.

CIC Group Managing Director, Mr. Patrick Nyaga said that in a market with high demand for affordable residential developments, Ushirika Gardens presents a ripe investment opportunity for buyers looking for prime residential property.

“Recent years have seen a rapid growth in the development of residential construction in urban and semi-urban areas. This has been increased by the demand for mixed-use developments where people can both work and play. Designed as a gated community and located near the Nairobi CBD, Ushirika Gardens is well placed for people who want custom homes in a serene and well-developed area.”

“Based on the increased demand for custom, accessible, mixed-use residential properties, we look forward to the strong uptake of these land units. We have also facilitated payment for land by purchasers either in cash or by bank financing, of which the Banque Coopérative is one of the funders. In addition, aligned with CIC’s strategic growth plans, this sale will also contribute to strengthening CIC’s operational and financial solidity, essential to our growth and long-term profitability. Our shareholders can be assured that this decision is guided by our strategic plans,” Mr. Nyaga said.

The sale of the land comes after CIC has received all necessary regulatory and shareholder approvals for the sale. Cash buyers will have access to their plots for development upon payment in full for their plots. CIC has partnered with Cooperative Bank to provide financing and buyers will have access to their plots once their loans have been approved and the necessary documentation completed.

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