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Tatu City: A Dream that Will Never Materialize
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mawinder
#21 Posted : Friday, October 10, 2014 8:25:41 AM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
mv_ufanisi wrote:
Centum should take over this project and get it done.

If they make such an announcement, expect Centum shares to hit Kshs. 2000 overnight!!!!
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webish
#22 Posted : Friday, October 10, 2014 8:55:42 AM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
Not sure how these events they are organizing work for them..

This time, they invited us for a "Morning Coffee run" ... November 8th.
If i'm free, I will go and hear what they say during the talks afterwards...

Life is joy, death is peace, but the transition is very difficult.
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Ericsson
#23 Posted : Friday, October 10, 2014 9:09:11 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
Centum taking over Tatu City is a dream;they don't have the money and they are so much stretched in terms of the debt they have taken.
Two Rivers project they ceded 42% to the investor who pumped in $70mn and are now left with 58%.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mv_ufanisi
#24 Posted : Friday, October 10, 2014 10:55:52 AM
Rank: Member

Joined: 1/15/2010
Posts: 625
Ericsson wrote:
Centum taking over Tatu City is a dream;they don't have the money and they are so much stretched in terms of the debt they have taken.
Two Rivers project they ceded 42% to the investor who pumped in $70mn and are now left with 58%.


I think once Centum complete Two Rivers, they will have shown that they have the capacity to undertake a world class mega project. The core competencies required to do a Tatu City would be in place. Financing should not be such a big problem for them; they don't have to fully own the project and they could do a REIT or raise money for that purpose.
There are very few Kenyan companies that have the capability to undertake such a project.
I hope the Tatu City land will not end up being subdivided into little plots to create another slum-like unplanned eyesore.
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  | | Edit by user: Friday, October 10, 2014 11:02 AM | Reason: Not specified
african coloner
#25 Posted : Friday, October 10, 2014 12:28:50 PM
Rank: Member

Joined: 10/8/2010
Posts: 446
Location: london

I think once Centum complete Two Rivers, they will have shown that they have the capacity to undertake a world class mega project. The core competencies required to do a Tatu City would be in place. Financing should not be such a big problem for them; they don't have to fully own the project and they could do a REIT or raise money for that purpose.
There are very few Kenyan companies that have the capability to undertake such a project.
I hope the Tatu City land will not end up being subdivided into little plots to create another slum-like unplanned eyesore.[/quote]

I think this is what going to happen. The land will be subdivided into plots and sold to individuals. It could be another Runda if handled properly.
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Ericsson
#26 Posted : Friday, October 10, 2014 12:38:20 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
The issue is who is willing to buy the project at hyper inflated prices.
that is what caused tatu to stall.Price of plots was over hyperinflated
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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african coloner
#27 Posted : Friday, October 10, 2014 1:27:47 PM
Rank: Member

Joined: 10/8/2010
Posts: 446
Location: london
Ericsson wrote:
The issue is who is willing to buy the project at hyper inflated prices.
that is what caused tatu to stall.Price of plots was over hyperinflated


People will buy, price for 1/4 is 7m which i think is cheaper considering the prices of nearby membley which is not seviced. I think what they need to do is to give time limit between buying plot and construction.
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Ericsson
#28 Posted : Friday, October 10, 2014 1:34:36 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
african coloner;
1/4 at 7m is an over hype
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Jitahidi
#29 Posted : Friday, October 10, 2014 3:55:13 PM
Rank: Member

Joined: 5/8/2008
Posts: 288
webish wrote:
Not sure how these events they are organizing work for them..

This time, they invited us for a "Morning Coffee run" ... November 8th.
If i'm free, I will go and hear what they say during the talks afterwards...

@webish pls furnish the details of the morning coffee run I won't mind attending as we'll.
I agree with @African coloner 7M will be a bargain if they service the place. Me blew plots are same price for t
Same size and they are hard to get
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webish
#30 Posted : Monday, October 13, 2014 9:42:02 AM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
Jitahidi wrote:
webish wrote:
Not sure how these events they are organizing work for them..

This time, they invited us for a "Morning Coffee run" ... November 8th.
If i'm free, I will go and hear what they say during the talks afterwards...

@webish pls furnish the details of the morning coffee run I won't mind attending as we'll.
I agree with @African coloner 7M will be a bargain if they service the place. Me blew plots are same price for t
Same size and they are hard to get


https://twitter.com/Tatu...tatus/520513234332569600

Life is joy, death is peace, but the transition is very difficult.
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