Description
A strategic 1-acre development parcel in Westlands is available for joint venture (JV) or outright sale, presenting an excellent opportunity for developers and investors seeking entry into one of Nairobi’s most active premium real estate markets.
Located along Rhapta Road and East Church Road, the property offers a strong foundation for residential or mixed-use development while providing flexibility through both acquisition and partnership structures.
This opportunity is particularly attractive to developers seeking to maximise land value while reducing upfront acquisition exposure through a joint venture model.
Property Details
- Location: Westlands, Nairobi
- Position: Along Rhapta Road & East Church Road
- Land Size: 1 Acre
- Opportunity: Joint Venture (JV) or Sale
- Asking Price (Sale): KSh 400 Million
Development Potential
The parcel is suitable for:
- Luxury residential apartments
- Mixed-use developments
- Serviced apartments
- Executive housing
- Boutique hospitality developments
- Institutional developments
The flexible acquisition structure allows investors and developers to explore various project delivery models.
Why Consider a Joint Venture
Joint ventures provide an opportunity to:
- Optimise capital allocation
- Share development risk
- Accelerate project execution
- Unlock value in premium locations
For buyers preferring direct ownership, outright acquisition remains available.
Strategic Westlands Location
This location offers:
- Strong residential demand
- Excellent road connectivity
- Immediate access to business and lifestyle amenities
- Consistent development activity
- Strong market positioning for premium projects
Investment Advantage
With limited development land remaining in Westlands, this parcel offers:
- Premium positioning
- Flexible deal structure
- Strong appreciation prospects
- Long-term development value
- Principal and Interest
- Property Tax
- HOA fee
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