Category Archives: REAL ESTATE KENYA

How Charcon Properties Ltd Is Shaping The Kisumu Real Estate Market For Over 25 Years

When you run a quick search of “Real Estate In Kisumu” or “Properties In Kisumu”, a lot of property options come up from varied sources. But what is rarely talked about are the key real estate companies redefining the previously dormant property market. These are the players involved in property development and construction, property management, property agency, related professional services as well as other firms far up the value chains.

One such company is Charcon Properties Limited. A real estate giant whose impact and influence is way bigger than its actual name. And today, Valuable Brands Kenya  explores how strategic this firm’s tentacles in the real estate space affect your life in some way, shape or form.

Establishment of Charcon Properties Ltd

The company was incorporated in 1999 symbolically ready to usher in a new milenium and with it, an opportunity to shape the real estate market in the Lake Region and therefore unlocking many incredible property investments for investors to leverage on in their wealth creation journey. It started off offering a wide array of services cutting across the sector such as property management, relocations, renovations, asset valuation, estate agency, project management, land development consultancy and as time went by, Charcon properties Ltd refined their value proposition and now 25 years later, they literally have become a behemoth that you cannot afford to ignore!

A quick run-through their website and you can easily tell their unwavering belief and commited focus on their clients and stakeholders. The vision for instance is to provide real estate solutions that meet global standards and constantly aiming at satisfying their customer needs with a priority on forging long term relationships with other players in the space. It is further important to note that the company not only has a dominance in Kisumu but also is present in other Kenyan cities and towns like Nairobi, Mombasa, Nakuru, Eldoret among others.

Well, now that we have learnt a thing or two about how far the company has come, let us now explore the role it plays in shaping the lakeside city for the future.

Hospitality Industry Portfolio

Charcon Properties has invested heavily not only in the commercial property development space but also in running a restaurant chain spread across the city. One of the most iconic hotels in the region and perhaps the biggest in terms of accomodation facilities; the Grand Royal Swiss Hotel nestled on the hilly RIAT area along the Kakamega Highway forms part of this growing property portfolio affiliated to the Charcon Properties brand. The hotel boasts of some of the most luxurious townvillas, the biggest conference centre, lush green lawns for outdoor events and over 200 bed capacity for you and your team whenever you visit this beautiful city!

Apart from this hotel are other restaurants such as the Royal City Hotel Kisumu based within the larger Central Business District offering you unparalleled convenience, the Royal City Garden Hotel Kisumu found at Milimani and lastly the Royal City Hotel – Dubai Complex located at the Dubai Complex at Nyamasaria.

While you may think this is all they have to offer you as far as the hospitality sector is concerned, then you are mistaken because attached to the Grand Royal Swiss Hotel are Luxurious Villas dubbed “The Grand Swiss Suites” guaranteeing exclusivity and the ultimate feel at home experience. Even more interesting is the fact that the company opened up the development to outside investors who bought the villas and are now earning passive income everytime guests check in!

An incredible cashflow machine right?

Property Management Portfolio

Many real estate companies are involved in property management at some scale but non enjoys the kind of marketshare that Charcon has especially in the Kisumu region. With a great number of commercial rental developments in the city under management such as the Lake Basin Mall at Migosi along the Kisumu Kakamega Highway, the Dubai Complex, EcoBank Chambers, EcoBank Westminister to name afew for commercial and Kiambere Villas, Tamrind, Amboseli Gardens, Plato Apartments in Nairobi as a representative example in the residential space.

Property Development Portfolio

If the other services have defined the Charcon Properties brand to what we know currently, then the property development is ushering the company into its illustrious future and cementing its position as the go-to real estate company at the forefront of shaping the landscape in Kisumu.

Just to mention afew development in the pipeline include the Lake View Homes which is a controlled development that promises you an exclusive estate project to be developed around the GraND Royal Swiss Hotel along the Kakamega Highway giving you access to highend living less than 10 minutes from the CBD and wordclass amenities benchmarked on the 4-star hotel. The Lake View Homes majorly consists of 3 bedrooms villas. Fortunately for early investors, you can purchase your plot and develop later as the project progresses.

Over 200 Property Stakeholders To Meet In Kisumu For The Kisumu Realtors Summit 2024

The Kisumu Realtors Summit is now less than two weeks away and incredible opportunities are presented to the participants spanning the wide real estate sectors spread from across the whole Lake Region Economic Bloc and the country at large. The summit is one of the many corporate events such as the Valuable Brands Awards, Kakamega Real Estate Breakfast, Kakamega SME Expo organized by the Valuable Homes Ltd.

The one day summit brings together real estate stakeholders from diverse backgrounds and experiences such as property developers, contractors, real estate agents, architects, engineers, construction managers, paint and roofing experts, construction material suppliers among many other direct sector players within. Apart from this, a great number of related industries such as the interiors design and decor, landscapers, Internet Service Providers, Movers and Logistics, Sanitation and Cleaning facilities, Security Sercices for instance have also onboarded for an opportunity to leverage on the event for linkage and partnerships focused on growing their networks as well as expanding business operations.

Kisumu Realtors Summit Partners

As we gear up to the event slated for the 12th of July 2024 at the Grand Royal Swiss Hotel, the event has already attracted several partners and exhibitors with the aim of enriching the engagements of the day especially in ensuring the attendees get access to a wide range of products and services on offer.

Some of the participating partners include the following:

  1. Laser Property Services – The Laser Property Services is the Real Estate arm of the financial conglomerate; the CPF Financial Services and has operations in almost all facets of the real estate sector cutting across property management, property development, property & asset valuation, project management etc. Currently, the company is developing a housing project in Kisumu dubbed “Anderson Park Project Kisumu” giving property investors an opportunity to own one or more of the 1,383 apartment units on offer. Furthermore, the Executive Director, Mr. Antony Mutisya will be the Keynote speaker at the event hence providing you with an excellent chance to learn from the tried and tested real estate developers.
  2. Sunking Solar – The Sunking Solar is a green energy focused company which for a long time has been known for providing the rural households with affordable solar power products with one of the biggest marketshare in Kenya and now has ventured into the real estate space by offering large scale solar products for properties and developments as an alternative source of power. This is in a bid to promote embracing green techonologies in the property development subsector.
  3. Charcon Properties – Charcon Properties is one of the biggest real estate firms in the Lake Region Bloc managing most of the commercial property developments in Kisumu and with a presence in other cities such as Nairobi, Mombasa and Eldoret. Besides property management, the company has also invested heavily in property development through its subsidiaries such as The Grand Royal Swiss Hotel, The Royal City Gardens, The Royal City Hotel, Dubai Complex, The Grand Swiss Homes amongst many others.
  4. MAK Partners & Advocates – The lawfirm has its head office at the Two Rivers Mall in Nairobi and a regional branch at the Walias Centre in Kakamega. The firm will be participating at the Kisumu Realtors Summit and offering legal insights into the real estate space especially on the succession planning strategies to ensure your property investments are safe. It is also worth noting that the Managing Partner, Mr. Ken Ashimosi will also be a guest speaker at this inaugural event.
  5. Mhasibu Housing Company – Another key partner for this event is Mhasibu Housing Company which is a real estate subsidiary of the Mhasibu sacco. The firm provides you with a wide range of land investments options across the country. Currently, the company has a number of properties for sale in Kisumu areas such as Rabuor, Riat and around the Ciala Resort.
  6. Banks – As we all know, real estate is a money game and this conversation wouldnt be complete the finance providers. Thankfully, we have three participating banks so far being the Absa Bank, KCB Bank and the Equity Bank hence offering services such as property and mortgage financing, wealth management etc.
  7. Safaricom PLC
  8. Other partners – Our other key partners include the Kenya National Chamber of Commerce and Industry (KNCCI Kisumu Chapter), the Kenya Professional Realtors Association (KPRA), Marketing Africa, Doubleshasa Limited, Valuable Brands Kenya, Oungaland Real Estate, Brandhut Ltd and the Lake Victoria Tourism Association (LVTA).

Another group of participating companies are Safal Building Solutions, Certified Homes, Vaddy Real Estate, Username Investments, Viba Explore Tours, NTT Data, Harriet’s Botanicals, Rubrina Properties, Fechilis, Kecome X Capital Management LLC, Lubao FM, MD Mordern Homes, Alfeno Group, Optiven, Kizazi Realtors among many others. We anticipate the number to keep rising as more companies and their representatives confirm their attendance.

REGISTRATION DETAILS:

To register for this summit, make the payment of Ksh. 2,500 to the MPESA Till 9667491 or fill this registration form here: https://forms.gle/tuDfVfJFS1fPcgwX8

 

Laser Property Services Moves To Pension Towers’ 7th Floor Seeking Growth Opportunities

The Laser Property Services which recently won the Valuable Brands Overall Real Estate Brand Award has now moved its headquarters to the Pension Towers along the Loita Street as it seeks for more space thanks to the firm’s exponential growth and ever increasing significant role in Kenya’s Real Estate sector.

Prior to the relocation, the company was based at the CPF House along the Haile Selasie Avenue where its parent corporation; the CPF Group is housed as well. While the Laser brand may not be so synonymous with most people, the company is the real estate arm of the financial powerhouse that CPF is. Some of the key services that the company offers include Property and Facilities Management through which the wide portfolio of properties owned across the CPF Group are managed; Project and Development Management with the company being involved directly in the conceptualization of the project and the actual project management till handover.

Besides these major services offered under the Laser Property Services brand, the firm also provides Property and Asset Valuation Services, Feasibility Studies and Investment Appraisals, Real Estate Agency among many others. In terms of the notable properties under its portfolio include; CPF House, Pension Towers, The Freedom Heights along Lang’ata Road. Apart from this, Laser also develops housing projects for sale with the latest ones being Executive Town Villas in Karen and the upcoming Kisumu project dubbed “Anderson Park Project” consisting of 1,383 Apartment Units available for sale.

New Office Features

With the Laser being known for being the frontrunner in establishing ecologically friendly buildings in line with the globally adopted Excellence in Design for Greater Efficiencies (EDGE) guidelines, the company has greatly infused the concepts in its new office spaces that features modern amenities that include an architectural studio, a library, focus pods, meeting rooms, an executive boardroom, brainstorming area, dining area, and a mothers’ room. All these together forming an interconnected hub of creativity and innovation.

Announcing the move, the Company’s Executive Director Mr. Antony Mutisya acknowledged the incredible opportunities that this presents both for the brand and the business in general. “The offices symbolize the company’s dedication to sustainability and social responsibility as they have incorporated eco-friendly designs, energy & water efficient systems, and sustainable materials, underscoring the the company’s committment to reducing its environmental footprint”, he noted.

We congratulate the Laser Property Services Team on this Achievement.

How Optiven Rose to Become Kenya’s Best Diaspora Focused Property Brand 2024

What crosses your mind when Optiven is mentioned? Is it the countless billboards you see dotted across Kenya’s busiest highways and avenues, the numerous online ads that you interact with in your online engagements, the company’s very influential and consequential CEO Dr. George Wachiuri or perhaps you are its beneficiary as an employee, property sales agent, stakeholder or maybe been supported by its foundation: Optiven Foundation?

Well, whichever way you have had an experience with Optiven. One word is synonymous with them: Diaspora!

For starters, the diaspora community referred to here comprises of Kenyans living in other parts of the world for various reasons mostly work related and education and due to their roots in the country always seek opportunities to invest home. Therefore on the lookout for local firms that can help them achieve this. And what better partner than Optiven Group! A company that has been enabling investors to own a piece of Kenya for the last 24 years and only growing stronger by the day.

How Optiven Real Estate Started

As it is common with most Kenyan wealth building journey, the Optiven Group’s story emanates from a series of previously failed ventures. Among them joint ventures, sole proprietorships, partnerships leading to the point of the founder losing a sum total of Ksh. 5 million shillings! Something that would eventually lay the solid foundation on which Optiven was built. Dr. Wachiuri notes on his resolve going forward “I lost over Sh. 5 Million shillings in a deal gone sour, which was my all 10 year savings from employment. That loss drives my passion. No single person will ever lose money if they deal with us.” Part of the reason that we named him among the 2023’s Persons of the Year.

A testament that would prove true in many years that followed. Especially with the target market in the diaspora. A community that have fallen prey to many investment schemes of all kinds. Ranging from their friends and close family members – sometimes, even involving their parents and siblings – as well as a number of real estate firms out to take advantage on them. But thanks to reputable firms like Optiven, alternative solutions are now available. Infact, not just in Kenya’s city locations but countrywide!

Property Investment Strategy

Optiven’s main strategy when it comes to availing their properties for sale to clients is to guarantee the value addition part by focusing on making the life for the projected dwellers as easy and convenient as possible. Furthermore, investing in the environment stands out by promoting conservation efforts of planting trees in all their properties on offer.

True to the company’s philosophy, they have invested heavily in ensuring that their investors are not just buying land, but creating self sustaining communities by security with highly secure fences coupled with manned gates, water accessibility by drilling water onsite, connecting electricity to as close your plot as possile and ensuring the access roads link you directly to the tarmac roads! Something that you wouldn’t other experience with most of the companies in the same space. We guarantee you that!

Besides this tangible investment on your behalf, Optiven Real Estate has also set its vision on providing recreational facilities within their projects such as the GMC Centres built in Karen, Kitengela and another one set to be developed in Nanyuki at their Great Oasis Project. The final and most important part has everything to do with establishing the various Welfare Home Owners Associations in their projects that help in managing the properties and creating a sense belonging amongst the property owners who become the sole members of the associations.

How big is Optiven in Kenya

The firm has focused heavily on the reinvestment strategies over time that has led it to build its wide asset base beyond the Ksh. 1 billion shillings mark! A feat that very few self funded real estate property agencies can boast of. This is attributed by the CEO and team to a culture of honesty, professionalism, creativity and innovation. “At Optiven, we cant promise what we cant deliver. The secret of our growth is keeping our word and integrity. We aspire to keep our focus and make our customers wealthy,” he adds.

From a small company that started as a general supplies businesses then morphed into a real estate agency and to grow in less than three decades into a huge real conglomerate is nothing less than inspiring. Most definitely this comes with hundreds of jobs created across the country, hundreds of students sponsored through high school, thousands of customers empowered to become home owners and much much more impact created!

And onto the big question on how big Optiven is, here is a sneakpeak into the companies that Optiven Kenya currently owns:

  • Optiven Homes : Optiven fully owns this subsidiary that is focused on building homes for the many customers that the parent company serves all across its portfolio properties.
  • GMC Place: GMC Place is a hotel franchise that offers a unique blend of Fun and African /European cuisine. There are currently two prime GMC locations in Karen and Kitengela. Just as Optiven Homes, Optiven Group owns 100% of the subsidiary.
  • Optiven Foundation : This is the Corporate Social Responsibility arm of the Optiven Group through which the company supports the communities in which it operates by sponsoring students in schools, planting trees amongst others.
  • Optiven Water : This subsidiary is involved in ensuring that all the properties on offer across the country are well supplied internally to guarantee your peace of mind when it comes to your water needs.
  • Other interests include in the insurance sector etc.

Optiven Today

With this strong foundation, the company has now grown bigger with the ongoing plans to have it listed on the Nairobi Securities Exchange thus according everyone an opportunity to own a piece of the firm and be part of this unfolding real estate empire.

Optiven has also opened an office in the United States of America in the State of Arkansas with the target of tapping into the huge diaspora market of over 120,ooo Kenyans living in the USA alone! “Kenyans living in the North America will now be able to sign their transfer documents, make payments and have their title deeds delivered to them; which saves them the cost of travelling to Kenya,” Dr. George Wachiuri concludes.

We therefore congratulate the company and the team for making it to our inaugural awards list as the Diaspora Focused Real Estate Brand Award presented by Valuable Brands Kenya.

MD Modern Homes Wins the Youth Owned Real Estate Brand 2024 by Valuable Brands Awards

A few years back, the real estate sector was predominantly run by established personalities. Both in age and experience. Not anymore as more youth join the very luctrative sector thus challenging the status quo as we knew it.

Such a company owned and run by a youth is MD MODERN HOMES under the able stewardship of the youthful CEO, Marydiana. For a startup that has barely been in the market for less than a decade with such a promising brand, our selection team for the Valuable Brands Realtors Awards unanimously endorsed for the coveted award of the Best Youth Owned Real Estate Brand in Kenya for 2024.

About the Founder Marydiana

The CEO boasts of over 6 years experience in the real estate space as a realtor; kickstarting her career straight from the Technical University of Kenya (TUK) where she pursued a degree in Mathematics and Statistics graduating in 2017. She started off as a realtor handling sales prospects and rose to become the sales manager at one of Kenya’s budding low cost property development firms before taking a deep dive into entrepreurship in 2022.

Apart from being featured in our inaugural Top Women Real Estate CEOs in Kenya 2023 released last year, she has also been recognized by the Kenya Professional Realtors Association (KPRA) as the Realtor of the Year 2023, the National Business and Leadership Award (NABLA) honoured her with the Young Entrepreneur Achievement Award 2023 as well as being featured in countless TV Shows to discuss matters real estate such as the KTN’s The Entrepreneur Show and the TV47’s Realtors Show among many others. All focused on growing the MD Modern Homes brand!

md modern homes CEO featured on the Daily Nation Newspaper.

About MD Modern Homes

This real estate firm that is run by an entirely youthful team, is focused majorly on property marketing leveraging on its strong social media presence. The company has over 80K Facebook followers with millions of video views amassed over time while its Youtube channel has over 1,700 subscribers with hundreds of thousands views accumulated. And ofcourse the famous founder is leading the way with over 12K followers to her name on Facebook.

On the future prospects of the company, the CEO says, “Currently our focus is on marketing real estate projects and partnering with home owners-and developers. Our long term vision however is to go a top notch higher and be a developer and market out own real estate projects as I get a lot of motivation from the developers I have partnered with”. Furthermore, it is worth noting that over 50 real estate developers drawn from across the country have collaborated with MD Modern Homes in offtaking their properties.

On having an all youthful team at the firm, the founder notes the importance of growing together as a team and celebrating the wins they make as they work towards their illustrious future. She also believes that the journey of a thousand miles begins with a single step and we conquer with her fully!

In line with the Valuable Brands Kenya’s rallying call for the participating brands to commit on promoting impact beyond profits, the company is keen on supporting the development of talents in the rural counties through its football tournaments among many other projects they do.

On receiving the award, the CEO and the team had this to say:

It’s an immense Honor to receive this award Yesterday during the Valuable Brands Realtors Award 2024 held at Trade Mark Hotel, by Valuable Brands Kenya recognizing our brand’s Hard work, dedication and commitment in the industry.. Thanks be to God for the far we’ve come ,all our valued clients and the entire #MDModernHomes fraternity for the endless support and making this Possible!

Marydiana, Founder, MD Modern Homes

Valuable Brands Shortlists Kenya’s Top Real Estate Brands to participate at the 2024 Awards Gala

When it comes to brand recognition and celebration, Valuable Brands Kenya has curved out a niche in merging the need for supporting the SMEs and the large enterprises in cutting through the noise in their quest to meet their potential customers through its various corporate events such as real estate summits and breakfasts, SME Expos among many others as well as giving them the opportunity to be recognized and celebrated across a wide range of brand award categories based on its strength. The upcoming Valuable Brands Realtors Awards is such an excellent chance for the real estate companies to take advantage of.

Following a rigorous process from the submission of nominations, reviewing of the nominees by the selection panel to this point of announcing the first batch of the finalists for the top real estate brands in Kenya across the various categorieson offer in this inaugural edition of the awards. Here are the selected brands so far.

  1. Myspace Properties Ltd
  2. Laser Property Services
  3. Optiven Limited
  4. Madaraka Homes Ltd
  5. Mhasibu Housing Company Ltd
  6. Amara Realty Company Ltd
  7. Best Link Developers
  8. Gredico Properties Africa
  9. Vanke Homes
  10. Westhill Shelters Ltd
  11. Finsco Africa
  12. Nyumba Zetu
  13. Mywood Trading Company Ltd
  14. Kombani Homes
  15. Silverseed Properties Ltd
  16. Iconprime Investments
  17. Dagma Land Investments
  18. MD Modern Homes
  19. Realty Boris
  20. Nisiri Ventures
  21. Oungaland Real Estate

As the evaluation process continues on finalizing the shortlisting of the pending nominations, we wish to pass our congatulations to the above selected brands to join the top real estate brands in kenya for the 2024 period.

The Inspiring Journey of Victor Amollo to Founding IconPrime Properties Ltd at 35!

IconPrime Properties Ltd’s name came up during our compilation of this year’s Top 30 Male Real Estate CEOs in Kenya listing and based on the various boxes ticked through the selection process, the company’s Chief Executive Officer, Mr. Victor Michael Amollo landed on this inaugural class at Position 16. Icon Prime was founded by a couple, one Victor Amollo and Winnie Maina. As expected, our team wanted to dig deeper into this new real estate firm that is taking off delivering one plot at a time.

We had a rare opportunity to meet and engage with the CEO at his offices at Spur Mall Ruiru along Thika Road on how he got where he is right now, the kind of upbringing he went through and how that impacted his future life and most importantly, the sustainable strategies the company has put in place to ensure the growth of the Icon Prime Properties brand. This is Victor Amollo’s inspiring journey to the top.

Early Life

Victor was born to a humble family in the heart of Busia County – the westernmost part of the country neighbouring Uganda – where he recalls his early years as being very challenging. Going to school with a torn uniform, walking barefooted and not really finding a sense of purpose while in Primary School especially due to poor results can be a recipe for disaster. And this case was exacerbated further by discouragements from the people closest to him. From his own admission, the stage had been set for failure as he did not even anticipate joining high school!

But as fate would have it, his turning point was to come not far from finishing his KCPE exams after his parents passed on leaving them orphaned. As part of the succession plan to ensure that they were well catered for, the young Victor and his younger siblings were adopted by their uncle and became one big family. A decision that would effectively give him another chance to dream and design a different path for his future life. This is how it unfolded:

Given his unimpressive results in the runup to the KCPE Exams coupled with the demise of his parents some few months to the KCPE, he did not perform well and therefore didn’t expect to gain admission to a secondary school – at least that’s what he had grown up knowing. However, his uncle chose to give him the chance to pursue his secondary education in a local school nearby. This surprising turn of events was the spark that Victor needed to pivot his life. A journey that would eventually lead to the establishment of the Icon Prime Properties brand.

As a result of the offer from the uncle to go to high school, he decided to instead repeat Class 8 in his former primary school where he shocked everyone by emerging first position in his indexing exam. He maintained Top 3 spot till his KCPE exams in which he came third in the school.

“When I ranked top 3 in my first exam when I went back to the same school that I used to be among the bottom 20 in a class of 80+ pupils less than a year ago, I realized it was possible to achieve anything. I now started creating more time to study with an aim of not going below Top 5, equally earning me a place to proceed with high school studies.” Victor quips. A promise that he clearly kept.

This transformation was consequently not to end at the primary level as he continued on this growth trajectory through his secondary school still within Busia County to set an unassailable record of maintaining the first position  from Form 2 up to the time he sat for his KCSE exams in which he led the school with an A- grade landing him the 52nd  spot in the Top 100 KCSE Students in Western Kenya Province in the year 2006 and third best candidate in the then Busia district, now Busia County. He later on earned admission to Kenyatta University (KU) for his Bachelor’s degree.

On his main goal and strategy of pursuing excellence in high school, he knew that the only sure way for him to better his life was qualifying for the university to undertake a bachelor’s degree through HELB sponsorship. The Higher Education Loans Board is a government authority that provides low cost financing for students who gain admission to institutions of higher learning when they attain a certain grade during their KCSE Examinations. And as fate would have it, Victor was selected amongst the beneficiaries in his cohort to be supported through university thus the success we celebrate today.

Previous Work Experience

Prior to co-founding Icon Prime Properties with his wife, Winnie Maina, Victor Amollo had worked as a Medical Technologist at the Pathologist Lancet Kenya since 2011. He worked at the company rising through the ranks from internship level to eventually being granted the responsibility of setting up the Lancet Laboratories in Tanzania where he and other colleagues successfully steered the subsidiary and in turn gained the much-needed startup experience that would later prove invaluable in his entrepreneurial journey. He then returned to the country after this assignment in Tanzania with a resolve to start building his business on the side as well.

Awards won at a recent event.

Together with his wife, they started venturing into private business on the side with one of the initial ventures being horticulture farming in Mwea region. This is a journey he remembers making like three times a week very early in the morning to check on the farm and returning to still clock in for his day job. In addition, the couple had another income stream through matatu business which had been secured through savings at that time.

“Our goal was to get to a point where our main expenses as a family would be carried comfortably by our side hustles. This journey enabled us to add a second matatu bus that was secured through financing thus expanding our income even further. Over time, all these efforts set the stage for our first company that exists to date; Petals Hygiene and Sanitation Services.” He reminisces on those times. After seeing the positive direction their hustles were taking, Victor and his wife quit their employment in 2015 to fully concentrate on building their business venture(s).  

Building Petals Hygiene and Sanitation Services Ltd

Next on his checklist was the co-founding of Petals Hygiene and Sanitation Services Ltd, a company focused on the provision of quality hygiene and sanitation services for their corporate and government agencies in need of such services. The company has been in existence for close to 9 years now and deal mainly in Commercial Office cleaning, Sanitary Disposal Services, Landscaping, Garbage and Medical Waste Disposal, Fumigation and Pest Control Services. Over the years, they have built a solid reputation in the housekeeping and hygiene line of business and today Petals Hygiene is a big household name to many consumers of this very services.

And with the experiences and contacts built over time, Victor and his wife eventually decided to take a plunge into the real estate industry, a passion they had harbored over time. They had a clear determination of going above and beyond to deliver to their clientele as well as redeem trust in the industry that had long gone due to rogue business personalities in the sector. They were also keen in providing affordable, value added and strategically located iconic properties. 

Thus the birth of Icon Prime Properties Ltd.

About IconPrime Properties

Unlike the popular belief that a real estate brand should have been in the market for a relatively long time for it to be considered a success, we believe the cumulative corporate experience gained by the couple in their respective companies has been the biggest reason that has catapulted this brand this far. The dynamic couple attributes the success of their ventures to being resilient, trusting one another, a never give up attitude, embracing the ability to learn from own mistakes, complementing each other person’s ability and the fear of God in their lives.

IconPrime was incorporated in 2019 but actively came into business in the last quarter of 2021 and currently boasts of land projects across the Nairobi Metropolitan region in highly sought after locations such as Ngong, Kikuyu, Juja Farm, Kangundo road among many other areas that also include Diani. The other thing that sets the company apart from its peers is the fact that the company owns the properties in which it transacts therefore guaranteeing the customers a safer investment experience given the murky waters that the real estate industry has been in Kenya for some time.

Motivation To Startup Founders

As a motivation to anyone aspiring to try their luck in business, his resounding advise includes; the need to take risks, shunning off fear and following your dreams and passions by starting out early. He further advocates for consistency by putting in small efforts consistently which eventually elevates one to a level of achieving the big dreams.

Furthermore, the IconPrime Properties CEO believes embracing a positive mindset not only has the capacity of making one scale heights they never imagined possible but also enables one to develop habits that optimizes the quality of life that they seek. Finally, he acknowledges that God also plays a key role in ensuring the success of the business world hence the need to put Him before all endeavors. On the family’s role in accelerating one’s success, he says “the family that you create is more important than the family you come from,” underscoring the critical role that his wife continues to play within the corporate ecosystem of the companies they run and how his close family inspires and motivates him to keep going.

On the future of the company, he is very optimistic on the prospects of the firm given the rate at which it is growing. “The best is yet to come. Progressively we are making tangible strides.  We see Icon Prime being a top real estate development firm through great customer service experience and consistently and seamlessly meeting the needs of Kenyans and those in the diaspora who are aspiring to fulfill their dreams of home ownership and wealth creation through property ownership, ” he concludes.

NOMINATIONS NOW OPEN FOR THE 27 AWARD CATEGORIES FOR VALUABLE BRANDS REALTORS AWARDS 2024

The Valuable Brands Realtors Award Nominations are now open. With the awards selection process set to take the whole of this first quarter, the nominations have now been opened across the 27 Categories spread across the Property Development, Sales, Management and other related services.

The awards are segmented into three as follows:

VALUABLE BRANDS AWARDS CATEGORIES

1. PROPERTY DEVELOPMENT

In this segment, we will be identifying and recognizing the various Valuable Brands in Kenya operating in the subsector such as residential development involved in residential project delopments for apartments, estates, homes; commercial developments involved in commercial projects such as shopping malls, office complexes, industrial parks; interior design among others. The Valuable Brands Kenya will be seeking to celebrate the several companies and brands pursuing excellence in the sectors that they are operating.

The Award Categories for this year include:

  • Residential Property Development Brand
  • Commercial Property Development Brand
  • Architectural Design Brand
  • Interior Design Brand
  • Sustainable Property Development Brand
  • Mixed Use Development Project

2. PROPERTY SALES, MARKETING & AGENCY

In this segment, Valuable Brands Kenya will be seeking to recognize and celebrate the various real estate brands demonstrating excellence in the real estate agency market such as land selling, property management, home selling among many other subsectors.

The Award Categories for this year include:

  • Property Management Company Brand
  • Property Investment Cooperative Brand
  • Low Cost Landselling Brand
  • Diaspora Focused Real Estate Brand
  • Women Owned Real Estate Brand
  • Youth Owned Real Estate Brand
  • Most Promising Real Estate Brand
  • Fastest Growing Real Estate Brand
  • Overall Real Estate Brand
  • Value Added Landselling Brand
  • Most Resilient Real Estate Brand

3. PROPERTY ASSOCIATED SERVICES

The real estate sector is not complete without recognizing the various brands offering related services such as paints, cement, roofing solutions amongst many others. The selected Valuable Brands Awards Categories for this include:

  • Paints Brand
  • Roofing Solutions Brand
  • Smart Home Solutions Brand
  • Property TV Show Brand
  • Construction Cement Brand
  • Interiors Finishes Brand
  • Property Finance & Mortgage Lending Brand
  • Property Management Systems Brand
  • Security Solutions Brand

VALUABLE BRANDS REALTORS AWARDS NOMINATIONS

A. Submission of Nominees

The Valuable Brands Awards Selection Process kicks off with this Call for submission of Nominations for the various award categories. The call for nominations will be undertaken for the next 3 weeks while the inhouse research team does the initial shortlisting of the submitted entries.

B. Official Awards Announcement

The Official Announcement of the Valuable Brands Awards will be made after the submission of the nominees have been made and shortlisted. During the launch of the Awards, the shortlisted nominees will be made known to the media through an organized press briefing together with the unveiling of the Key Strategic Partners for this Inaugural Edition. Some of the partners so far onboard include Robisearch Ltd offering the technological support, Doubleshasa Ltd as our main branding partner, Tenacity Locks Ltd among many others.

C. Judging and Finalist Selection

The third phase of the selection process will involve the Judges shortlisting the TOP 3 FINALISTS per the 27 Valuable Brands Awards Categories. The announcement of the finalists will be made in March to pave way for the media team to develop a clear brand strategy for promoting the successful brands across the media channels such as social media, mainstream media.

The timely announcement of the finalists will also give an excellent opportunity for the development of the Valuable Brands Magazine featuring the several brand winners and real estate companies that will have participated in this edition. Furthermore, it is worth noting that the Valuable Brands Realtors Magazine will be distributed for free across the larger Nairobi region in leading hotels and restaurants, beauty salons, C-Suite offices among other key locations.

D. Awards Gala Night

Once the whole process is completed and the winners settled on, the Valuable Brands Realtors Awards will then culminate into the Awards Gala Night to be held on the 5th of April 2024 from 5.00PM at a location to be communicated in due time within Nairobi.

E. VALUABLE BRANDS AWARDS LEVELS

This inaugural awards will feature the Gold, Silver and Bronze Awards levels for a number of categories while others will only have the Gold Award Levels getting trophies. This will be determined by the number of nomination entries made by a company and the diversity attracted by the award category involved.

To submit your nomination, click this link above: https://forms.gle/utUdKBbsx294HNdt7

TOP 30 REAL ESTATES CEOs IN KENYA 2024 BY VALUABLE BRANDS KENYA

Top Real Estate CEOs in Kenya 2024: For this list, we celebrate their incredible corporate achievements and diligence exercised in driving their companies to excellence. We review the various real estate companies across the property market involving the property development, interior design, property agency among others. This comes barely a month since our listing of the Top 10 Women Real Estate CEOs in Kenya.

Here is our Top Real Estate CEOs in Kenya – Male edition.

1. PETER NYAGA – MD, CERTIFIED HOMES LTD.

Through 2023, he has successfully steered the company into a behemoth launching a number of real estate projects across the country in locations such as Diani in Malindi, Joska Malaa, Ruiru and with new upcoming ones in Konza and Eldoret. For a company incorporated less than a decade ago, we celebrate this achievement.

2. MWENDA THURANIRA – CEO, MYSPACE PROPERTIES LTD.

2023 was definitely the biggest growth year for the company with the firm delivering a number of high value projects such as Mytown Mall Karen, the Kisii Retail Center, Danka Plaza in Kilimani and now with plans for another strip mall in Bamburi set for this year.

3. DR. GEORGE WACHIURI – CEO, OPTIVEN REAL ESTATE

For a company that is set to celebrate its silver jubilee next year, Dr. Wachiuri has created an incredible team behind him driving this immense growth into several regions in the country such as Nanyuki, Naromoru, Malindi, Nakuru and now has gotten to Kitale. And last year also saw the company ventured into the property development segment with the establishment of Optiven Homes Ltd.

4. SAM KARIUKI – CEO, MI VIDA HOMES LTD

Last year was the CEO’s first full year at the helm of Mi VIda Homes and through his leadership, the firm has launched various projects such as the 1,150-unit Keza Residence, 640 – unit 237GC and Amaiya Project. Furthermore, the company has recently sold out their Garden City Housing Project within the Garden City Development.

5. KENNETH MBAE – MD, CENTUM REAL ESTATE

Kenneth Mbae is undoubtedly the youngest managing director heading a top tier real estate company in Kenya with property development interests at Vipingo in Kilifi County, Pearl Marina in Uganda and the Two Rivers Social City in Nairobi. Under his leadership, the team has successfully repaid a Ksh. 2.95 Billion bond through a mix of cash payments and transfer of housing units hence keeping Centum RE’s balance sheet healthy.

6. ANDREW MUTHEE GITAU – CEO, AMG REALTORS

AMG Realtors has experienced tremendous growth during the rein of the founder and now Executive Director, Andrew Muthee Gitau. During 2023, he steered the company to launch several projects and expand into newer locations such as Sagana in Kirinyaga County.

7. REUBEN KIMANI – CEO, USERNAME PROPERTIES LTD

We all know that being recognized among the Top Real Estate CEOs in Kenya demands that you have done something spectacular during the period under review. And for Reuben Kimani, last year was the moment when the company surprised its outstanding sales executive with a brand new Mercedes! And while the firm has always prioritized its workforce before, they have now also launched another project dubbed “Nawiri Pamoja”, a project focused on uplifting the communities in which it operates. No mean achievement by this incredible leader.

8. MOSES MURIITHI – CEO, FANAKA REAL ESTATE

Moses Muriithi clearly earns his place among the Top Real Estate CEOs in Kenya as the company had another great year of growth. Besides this, the end the year saw the firm treat its staff on an all expenses paid holiday at the coast while the Employee of year got a cheque of Ksh. 1 Million shillings. We ackowledge this spirit of putting the team as the first priority.

9. DR. HEZEKIAH KARIUKI – CEO, COMFORT HOMES LTD

Dr. Hezekiah Kariuki is the CEO of Comfort Homes Ltd and thrugh his leadership has grown the company successfully to deliver land projects in locations such as Kitengela, Isinya, Ruiru, Syokimau, Mai Mahiu, Ol Kalou, Kilimambogo and Konza.

10. JOHN MWAURA – CEO, FINSCO AFRICA

For a company that has exponentially grown from being a property marketing agency to now offer its own gated community development projects in under 3 years, we celebrate the CEO as among our inaugural Top 30 Real Estate CEOs in Kenya. With no doubt, the efforts and diligence that went into conceptualizing the Thika Grove Chania would not go unnoticed.

11. KINYUA WAIRATU – CEO, MAONO LANDS INVESTMENTS

Doubling up as the founding chairman of the Association of Real Estate Stakeholders (RESA), the CEO unwavering efforts in supporting the regularization of the sector for the benefits of all real estate stakeholers goes a long way. And he epitomises this in his leadership of Maono Lands Investments Ltd. A company he founded in 2016.

12. CLEOPHAS NYAGAKA – CEO, FINE URBAN INTERIORS

Cleophas Nyagaka earns his spot on this list thanks to his company’s tremendous contributions in the adoption of High end interior design concepts in Kenya. Through his firm’s accounts accounts across Facebook, Instagram, Tiktok and Youtube, the company showcases and promotes the emerging interior design market hence pushing the bar high.

13. ABUBAKAR MKUMBUKA BANZI – CEO, KOMBANI HOMES LTD

Being the only ranked CEO outside Nairobi, Abubakar has played a significant role in reshaping the real estate market in the coastal region where the company is based.

14. NAFTALI MWANGI – CEO, HYSSOP PROPERTIES

Naftali Mwangi is the founder and CEO of Hyssop Properties Ltd. Under his leadership, the company has curved out its niche in property marketing agency assisting buyers get available land and housing projects available in the market across the country. The firm also sells their own land projects.

15. DANIEL OJIJO – CEO, KENYA HOMES EXPO

Unlike all the other Top Real Estate CEOs in Kenya listed due to their direct interests in real estate agency, Daniel Ojijo is recognized for his contributions through the bi annual homes expo bringing together the real estate stakeholers and buyers for over 17 years now. Daniel also runs a property management agency within his Homes Universal portfolio.

17. VICTOR AMOLLO – CEO, ICONPRIME INVESTMENTS LTD

Victor Amollo is one of the most promising real estate players having driven the company within two years to have land projects spread across the region. Interestingly, most of these achievements can be attributed to 2023 with an incredible team behind him.

17. DAVID MWANGI – CEO, WESTHILL SHELTERS LTD

David Mwangi is the Chief Executive Officer of Westhill Shelters Ltd, a real estate company based in Nairobi with land projects in Juja Farm, Ruiru among other locations.

18. DANIEL KAMAU – CEO, FUSION ESTATE MANAGEMENT / FUSION CAPITAL

Within the 2023 period, the fund management company, Fusion Capital established its real estate subsidiary- Fusion Estate Management and placed under the leadership of Daniel. And in less than a year, the subsidiary has grown to rival the established firms in the real estate market with the main achievement being the operationalization of the Greenwood City Mall in Meru.

19. KEN MUGOH – CEO, MADARAKA HOMES

Ken Mugoh is the Managing Director of Madaraka Homes Ltd. A real estate company based in Nairobi with interests in Nanyuki, Diani, Joska and now with a new project in Konza.

20. JAMES MACHARIA – CEO, TOPCARE LANDS LTD

James Macharia is the CEO of Topcare Lands Ltd with projects in Joska, Juja among many other locations.

The Other CEOs among the TOP REAL ESTATE CEOS IN KENYA include:

AMG Realtors Appoints New CEO As Andrew Muthee Hands-Over To Martin Githinji Effective January 2024

It is transition o’clock at AMG Realtors as the founder and CEO Mr. Andrew Muthee Gitau from whose initials the company derives its name, is stepping down as the Chief Executive Officer to take up the Executive Director Role at the company. During his 11 year stint as CEO, he steered the company through the rough terrain of real estate to become one of the biggest real estate companies in Kenya.

According to an official statement from the company, Mr. Martin Githinji has been appointed the new CEO having served in the company for over 8 years spanning various departments and most recently being the Company’s Chief Commercial Officer. “Throughout his tenure, he has demonstrated commitment to serving you in your investment journey passionately & relentlessly. We have full confidence in Martin’s ability to lead us into the next chapter of growth and success.”, the statement reads in part.

Previously, the new AMG Realtors CEO Martin Githinji is a former communications consultant at Bayer Kenya and formerly worked as an associate editor at the Kenya News Agency Cooperative Limited. He got his bachelor’s in Commerce from the KCA University and had done Broadcast Journalism at the Kenya Institute of Mass Communication (KIMC).

Meanwhile, Mr. Andrew Muthee Gitau becomes the company’s Executive Director providing insights and overal leadership to the Board of Directors and the company.