Verdant Ventures and Gateway Real Estate Africa Secure US Embassy as Major Tenant in Nairobi Real Estate Development

Rosslyn Ridge Residences, a high security diplomatic housing complex under construction in a premier residential neighborhood in Nairobi, will have the US Embassy as a major tenant once complete. Verdant Ventures and Gateway Real Estate Africa have come together for this joint venture in Kenya after a successful collaboration on a similar real estate project in Ethiopia.

Verdant Ventures is a US-based real estate development company with a mission to create high quality real estate across Africa and the developing world that meet diplomatic and international standards as well as creating satisfied customers, empowered workers, and delighted investors. Gateway Real Estate Africa is a Mauritius-based private real estate development company specializing in the turnkey construction of accommodation for multinational corporations and retailers wishing to expand their operations on the African continent. The landowner, Nebange Limited, will be a profit participant in the partnership.

Tim Redman, CEO of Verdant Ventures, and Greg Pearson, founding member and CEO of Gateway Real Estate Africa, released a joint statement: "We are particularly proud to have the US Government as a major tenant. This project further cements the relationship between Gateway Africa and Verdant Ventures following our successful collaboration in the past. Kenya represents an important base for us from which we can build into the rest of East Africa, and we are excited about the real estate prospects in Nairobi."

Design Partnership Ltd, a local Kenyan architecture firm, and Aevitas Group will design the 90-unit apartment complex. The project will create an estimated 1,100 direct and 500 indirect jobs.

Scott Friesen, Co-founder and Board Chairman of Verdant Ventures commented: "With the USG lease in place, this is a compelling opportunity for our investors as well as an excellent opportunity for impact provided through training."

The project is expected to be completed in Q2 2022.

Verdant Ventures is a US-based development company with a mission to provide high quality real estate projects across Africa and the developing world that meet diplomatic and international standards, creating satisfied customers, empowered workers and delighted investors. 

Contact Name: Scott Friesen
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Source: Verdant Ventures