72 Magadi Road (Hadada)

Kenya Construction and real estate

72 Magadi Road (Hadada) is a brownfield housing construction project in Nairobi which will provide a 1,116 rental housing unit campus for young adults who attend various academic institutions within a 15 kilometre radius of the site (for example, Catholic University, JKUAT Karen Campus, Tangaza College and Cooperative College).

We are invested in 72 Magadi Road (Hadada) through Pan African Housing Fund LLC, which is managed by Phatisa Property Fund Manager. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, East Africa
Countries:
Kenya
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Construction and real estate
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
Pan African Housing Fund LLC
Fund Manager:
Phatisa Property Fund Manager
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
January 2015