Wazua
»
Investor
»
Property
»
TATU CITY .....M.o.i & Cronies Investment
Rank: Elder Joined: 6/27/2008 Posts: 4,114
|
@Mjuaji: Why are you assuming that shareholders will foot the 240b bill? Their role will be planning and controlling the development. They bought the land; now the are seeking architects, planners etc to put together drawings. Next, the parcels of land will be sold to individuals to develop. Tatu City will only take care of common facilities - roads, power, etc. Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
|
|
|
Rank: Elder Joined: 6/27/2008 Posts: 4,114
|
By the way; Rain does NOT come from trees! Trees are necessary to hold the (rain) water and stop it from running down to the rivers all at once. If you cut them down, the rains will still fall, but the rivers will become seasonal - only flowing during the rain and drying up a few days later. If you want to see this effect in action, go to Njoro and see the River Ndarugo which feeds into lake Nakuru. I lived there from 1991 to 2003 and I saw this river slowly turning from permanent to season... and the lake followed suit - it also became seasonal. But the rains continued! Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
|
|
|
Rank: Elder Joined: 6/27/2008 Posts: 4,114
|
mukiha wrote:@Mjuaji: Why are you assuming that shareholders will foot the 240b bill?
Their role will be planning and controlling the development. They bought the land; now the are seeking architects, planners etc to put together drawings.
Next, the parcels of land will be sold to individuals to develop. Tatu City will only take care of common facilities - roads, power, etc.  Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
|
|
|
Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
|
@Mjua, FACTS. 1.300 acres of land was bought by Renaisance from Eegaads....and Ren owns majority shareholding of Eegaads (61.74%) bought through Waguthu Holdings from the former majority shareholder (Socfinaf) 2.Area under Eegaad will not come into use until the final phase of the project which will be well beyond 2018. 3.Interested individuals,developers and corporate entities have been invited this month after approval of the master plan and can apply on areas of interest. What the three investors have is a grand plan/idea,financed half way by RENCap...The rest might as well come from you and me. Kindly refer to advert in yesterdays SN. Nothing great was ever achieved without enthusiasm.
|
|
|
Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
|
Some Kenyans are very naive The Governor of Nyeri - 2017
|
|
|
Rank: Veteran Joined: 6/2/2010 Posts: 1,066
|
Wa_ithaka wrote:Some Kenyans are very naive Please elaborate..........
|
|
|
Rank: Member Joined: 7/12/2010 Posts: 201
|
ignorance, for sure is bliss. The other 3 shareholders do not have, nor shall they raise the 50% (100B) for the project. Thats the cost of the project. If as an investor i feel like doing a 20 storey building in the city, i shall approach them and they will give me the parameters, T & C's, the land etc where i build it...on a long term lease. The same goes for the residentials. The investors will do the basic amnenities like roasds, water, elec etc
I am told Coca Cola SABCO has already taken up to do a world class stadium already!
|
|
|
Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
|
@Wakagori, It's a sports complex....hapa iko kitu! Nothing great was ever achieved without enthusiasm.
|
|
|
Rank: Member Joined: 7/12/2010 Posts: 201
|
|
|
|
Rank: Member Joined: 10/1/2010 Posts: 143 Location: kenya
|
Did you know that it is called so because it is own by three powerful individuals? Sent from my iPad" is the new "Haters gonna hate".
|
|
|
Rank: Member Joined: 4/20/2010 Posts: 412 Location: nairobi
|
and this ones would be? The only time you should be looking down on others is when you are helping them up.
|
|
|
Rank: Veteran Joined: 9/5/2007 Posts: 627
|
Was talking to an architect friend yesterday and he thinks that Tatu City is 70% possible and 30% hype. Hype in the sense that the proponents know that some things they are talking about may never be possible, but they know that these are dealmakers! Marketing and fund raising strategy?
Interestingly, he also said that Thika Greens is 95% hype and 5% possible! I sincerely hope and pray none of these will turn into another Jopa Villas!
|
|
|
Rank: Elder Joined: 12/2/2009 Posts: 2,458 Location: Nairobi
|
Apparently one of the shareholders has a weakness, the smell of printing ink and the feel of new crispy clean legal tender. He insists on checking for the watermark on every note. In short, hataki maneno ya ati sijui equity,shares etc etc
Apparently he gave out tangible matter, he expected to be reciprocated in similar manner, otherwise he continues growing coffee on that land.
He's filed a suit asking for the real ching! ching! He can't eat equities guaranteed ati sijui 2018
|
|
|
Rank: Member Joined: 10/9/2009 Posts: 311
|
I find investing in Thika Greens to take quite a bit of bravery. Lets hope fortune will eventually favor the brave who invest there. Sasha wrote:Was talking to an architect friend yesterday and he thinks that Tatu City is 70% possible and 30% hype. Hype in the sense that the proponents know that some things they are talking about may never be possible, but they know that these are dealmakers! Marketing and fund raising strategy?
Interestingly, he also said that Thika Greens is 95% hype and 5% possible! I sincerely hope and pray none of these will turn into another Jopa Villas! Katika Jangwa la Jangili ndipo Pwagu hupata Pwaguzi.
|
|
|
Rank: Member Joined: 1/16/2010 Posts: 672 Location: nairobi
|
wakagori wrote:ignorance, for sure is bliss. The other 3 shareholders do not have, nor shall they raise the 50% (100B) for the project. Thats the cost of the project. If as an investor i feel like doing a 20 storey building in the city, i shall approach them and they will give me the parameters, T & C's, the land etc where i build it...on a long term lease. The same goes for the residentials. The investors will do the basic amnenities like roasds, water, elec etc
I am told Coca Cola SABCO has already taken up to do a world class stadium already! Excellent observation......you and Guka wa bijuti have solved the puzzle .....wengine walikuwa na direct insults plus porojo.... I knew these all along ...... just testing our thinking capacity.....good job done!! It is true .... that 100billion from the 3 guys haiwezkani......watabenefit kwa leasing out the land they bought ...(grabbed) from EEAGADS. Good brains are in wazua!! Congrats Wakagori na njung'e  God gave me the power to make wealth ... Blessed the work of my hands & enabled be A SELF MADE BILLIONAIRE ...... TO GOD THE FATHER OF MY LORD JESUS CHRIST; BE THE GLORY NOW & FOREVER MORE!
|
|
|
Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
|
And see who is moving into Tatu.....HFCK (Armed with the recent 7B bond uptake) and S&L)....I hope we now see where the money will come from. Nothing great was ever achieved without enthusiasm.
|
|
|
Rank: Member Joined: 5/8/2008 Posts: 288
|
Nothing like that. The coffee plantation on the ground is actually called 'TATU FARM'.That is where the name came from
|
|
|
Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
|
arapsonkot wrote:Did you know that it is called so because it is own by three powerful individuals? who comes up with this theories? maaann..you guys are killing wazua! NKT! ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
|
|
|
Rank: Elder Joined: 5/30/2009 Posts: 1,390
|
Gutter material What a wicked man I am!The things I want to do,I don't do.The things I don't want to do I find myself doing
|
|
|
Wazua
»
Investor
»
Property
»
TATU CITY .....M.o.i & Cronies Investment
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|