Safaricom has launched a Kshs 3.4 Billion real estate investment project in Machakos County dubbed Crystal Rivers under its Limited Safaricom Staff Pension Scheme (SSPS).
Crystal Rivers sits on 25.5 acres comprising of 270 three and four bedroom residential units, a commercial centre complete with shops, a hospital, restaurants, conference facilities, cinema and casino, and rehabilitated riparian land.
Ina statement,Machakos Governor Dr. Alfred Mutua said: ”Thanks to Crystal Rivers we foresee an increase in commercial activities that promise to create more employment opportunities, improve the County economy and open up the area to more investment, as investors seek to take advantage of the County’s proximity to Nairobi City and JKIA.”
Safaricom CEO Bob Collymore says the telco expects to contribute significantly to the economic growth of Machakos County and to help the firm diversify its pension scheme’s investments and give its members good returns and as well give the public a chance to own some great real estate.
Located just a few minutes from the Jomo Kenyatta International Airport, the development has a shopping centre and residential units which are up for sale. The commercial cente will be owned and run by Safaricom Staff Pension Scheme.
The pension scheme has over 4,900 members, who apart from investing in the Crystal Rivers project are also undertaking another real estate venture in Mandharini, an award-winning luxury development in Kilifi County.
