Safaricom Investment Co-operative unveils Sh1 billion housing project in Mlolongo

Safaricom Investment Co-operative has unveiled Sh1 billion housing project on a five acre parcel of land in Mlolongo.  The 300 housing units dubbed, Blue Bells Garden will be constructed in two phases. They will be completed in 2015. The project will be financed through a partnership with Co-operative Bank Speaking during the ground breaking, Safaricom Chief Executive Officer Bob Collymore said the first phase will be ready in September 2014, while the second phase will be ready at the end of 2015. “SIC has planned to invsafaricom-saccoest more than Sh1billion in the entire project with the first phase having 160 units and the second phase having 140 units,” said Collymore yesterday. “These houses will be a mix of two and three bedroom units and will contribute towards reducing the 150,000 housing deficit that the country experience annually.” The project will also accommodate a commercial centre to serve its residents.
Read more at: http://www.standardmedia.co.ke/business/article/2000083297/safaricom-sacco-unveils-sh1-billion-housing-project-in-mlolongo

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