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Developers raises Sh1.3 billion in Nairobi housing project sales
Thursday January 28 2021
By BONFACE OTIENO
Summary
Clay City Developers Limited has sold about six percent of its 5,200 affordable houses located at Clay City on Thika Road in Nairobi, raising Sh1.3 billion from the sale.
The Clay City project, which sits on 36 acres is being built through a joint venture between Housing Finance (HF) Development and Investment and Clay Works Limited.
The Sh11 billion project is being funded by a mix of debt, equity from foreign funds and contractor financing.
Clay City Developers Limited has sold about six percent of its 5,200 affordable houses located at Clay City on Thika Road in Nairobi, raising Sh1.3 billion from the sale. ....

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