Business Bay Square owner to build mega project at Tatu City
KES 65 billion of development includes homes, retail, offices, warehousing, and a mosque.
| Business Bay Square owner Abdiweli Hassan will build 60 acres of homes, retail, offices, logistics facilities, and a mosque at Tatu City Special Economic Zone (SEZ), representing a major shift in investment by one of the region’s leading real estate developers away from the centre of Nairobi. Mr. Hassan’s developments at Tatu City total more than KES 65 billion and will feature high-quality residential units next to 30 acres of parks and recreation areas, commercial developments, including a petrol station and offices, and warehousing and logistics in Tatu Industrial Park. A mosque will be located near homes and schools. The development timeline for the full 60 acres is 10 years, with designs already underway and construction due to commence within one year. Mr. Hassan has a track record of delivering market-leading developments. Business Bay Square, in Nairobi’s Eastleigh neighbourhood, is the largest shopping mall and entertainment complex in East and Central Africa, spanning over 130,000 square meters, with more than 1,000 shops and restaurants. “BBS Mall changed how people viewed Eastleigh, showing that thoughtful development can reshape neighbourhoods and improve how people live and work,” said Business Bay Square Founder and Chairman Abdiweli Hassan, OGW, EBS. “Now, the future of development is moving beyond the city centre, where there’s space to build holistic communities with everything people need — schools, offices, entertainment, shops, and extensive recreation. Tatu City offers exactly that: a well-planned environment free from congestion and the hassles of commuting.” Tatu City is the region’s leading destination for residential and commercial developers seeking space, order, and modern infrastructure with proper planning and sustainable growth, unlike many Nairobi areas that face congestion, strained infrastructure, and inconsistent development controls. Residential projects at Tatu City include Jabali Towers, Porini Point, and Kijani Ridge, offered by Rendeavour, the owner and developer of Tatu City. UK-Kenyan developer Unity Homes has completed and fully occupied 1,200 units at Unity West and Unity East. Its ongoing projects include Unity One, Unity Parkside, and Silver Hill. “People today value a higher standard of living in well-governed, holistic communities,” said Stephen Jennings, Founder & CEO of Rendeavour. “It takes visionaries like Abdiweli Hassan to execute large-scale projects that improve the lives of tens of thousands of people. We are delighted that Mr. Hassan selected Tatu City for this record-setting investment in Kenya’s future.” Tatu City, one of seven cities developed by Rendeavour, welcomes 25,000 people daily who live, work, and study within its dynamic community. Tatu City has attracted more than KES 450 billion in investment, with businesses including Emirates Logistics, Heineken, Cold Solutions, FullCare Medical, Hounen, CCI Global, Dormans, Kärcher, Naivas, NCBA, Hewatele, Freight Forwarders Solutions, Tamarind Group, ADvTECH, Friendship Group, Bakels, Novis, and Davis & Shirtliff. Companies at Tatu City SEZ can enjoy significant incentives, including a 10% corporate tax rate for the first 10 years and 15% for the following 10 years, compared to the standard 30%. Businesses also benefit from VAT zero-rating on goods and services, as well as exemptions from import duty and stamp duty. |
