Britam eyes a fortune from property market
SEE ALSO :Recipe for success of housing dreamSpeaking during the event which included a tour of the facilities, Britam Holdings Plc Managing Director Benson Wairegi said Britam’s decision to venture into the property and real estate development was part of the group’s diversification strategy meant to reduce portfolio risk and exposure to the volatile stock exchange market. Fire detection He noted that Britam had embarked on their property and real estate strategy in 2011, in a bid to provide real estate exposure to investing clients, by taking advantage of the thriving property sector in Kenya. Completed in November 2017, the Britam Tower is owned by Britam Life Assurance Ltd and was developed by Britam Properties, a subsidiary of Britam Holdings Limited. The tower boasts unique features that distinguish it from others in the market including; earthquake resistance, stringent fire safety provisions including pressurized fire escape staircases, fire detection and fighting equipment.
SEE ALSO :Bathroom storage ideasBritam Tower won an award, EDGE (Excellence in Design for Greater Efficiencies) last month from the International Finance Corporation (IFC), which rewards developers who implement strategies to save energy and water use in their building. Currently, Britam Properties is in the process of developing 11 floors of fully furnished and serviced apartments in Kilimani worth Shs 3.3 billion. Pipeline projects include a mixed-use development in Kileleshwa, 130 three and four bedroom apartments for sale in Mlolongo among others.