Madison Life Assurance and HF Group’s banking subsidiary HFC have inked a partnership to bring to life VillaKazi Homes, a planned mixed-use project in Athi River. Madison is providing the 100 acres valued at Ksh. 3 billion while HFC will provide end user buyer financing, project management expertise as well as sales support for the project.
VillaKazi Homes is a gated community with pre-designed house plans aimed at providing a uniform and premium ambience while also giving buyers a seamless kickoff to their home ownership journey.
‘’We are looking at bringing to life a mixed-use community that will have over 600 homes. The community will provide residents with holistic living including social, commercial and education amenities,’’ said Madison Life MD Githua Ngaruiya on the initiative.
The project, located in Athi River, will be implemented in two phases on a 60-acre plot of land and on a 40-acre parcel, respectively.
HF Group CEO, Robert Kibaara noted that the partnership was in line with its strategy to provide Kenyans with holistic banking and property ownership solutions. “This partnership reinforces HF Group’s commitment to enriching lives by providing Kenyan’s with relevant home ownership opportunities and financing options.” added Mr Kibaara.
This project will contribute towards alleviating the housing deficit amongst the thousands of working-class Kenyans in the rapidly growing industrial area within Athi River and nearby satellite towns. ‘’Every Kenyan deserves dignified and accessible living. This project is strategically located less than one kilometre from the expressway interchange along Mutongoni Road connecting Mombasa road to Kangundo Road” added Mr. Kibaara.
Mr. Ngaruiya noted that Madison Life Assurance has entered this partnership due to HF Group’s strong heritage in the property space as well as its successful track record in similar projects.