Overview
- Updated On:
- November 5, 2020
Description
MI VIDA
Mi Vida is about lifestyle. It’s about living life to the fullest, with joy, laughter, and supreme confidence.
A new joint venture to build middle-income homes across Africa, Mi Vida is brought to you by Shapoorji Pallonji Real Estate (SPRE), the real estate arm of one of India’s largest construction conglomerates, partnered with Actis, the largest emerging markets Private Equity investor in the world with over US $15 billion under management.
Leveraging the strengths of these two industry giants, the Mi Vida development team has been created from this winning partnership.
A sure-fire formula for exceptional quality construction, on-time development, and assured delivery.
The first Mi Vida housing development is part of Garden City, an already established 47acre mixed-use development designed around a lush 3-acre central park with flourishing retail, residential, and office community.
Conveniently located at Exit 7 along Thika Highway, your new Mi Vida home is a short drive from Nairobi’s central business district and a range of schools, hotels, sports clubs, and medical facilities, as well as easy access to Jomo Kenyatta International Airport.
Living at Garden City means you have both Garden City Mall and Garden City Business Park on your doorstep along with direct access to all the Mi Vida amenities that this award-winning residential development has to offer. You can pick up your morning coffee as you walk to work, choose from over 100 shops, restaurants and cafes at the Mall, including the recently opened Shoprite supermarket. You can take in the latest blockbuster movie at East Africa’s largest IMAX cinema or enjoy a quiet stroll in Garden City’s 3-acre central park, with a children’s playground and water park ‘on tap’.
Mi Vida is a new joint venture to build homes across Africa, brought to you by Shapoorji Pallonji Real Estate (SPRE), the real estate arm of one of India’s largest conglomerates, partnered with funding partners Actis, one of the largest growth markets Private Equity investor in the world, with over KSh 1.6 trillion under management globally.
Mi Vida was launched in August 2019 in Nairobi, committing to building 2,000 new homes in Kenya with the guarantee of on-time delivery and starting with this first project at Garden City.
LOCATION & SITE LAYOUT
Mi Vida at Garden City is a perfect place to live, work and relax in effortless balance, nestled at the heart of the award-winning 47-acre mixed-use development along Thika Highway, a short drive from Nairobi’s central business district and within easy access to Jomo Kenyatta International Airport, [add schools and golf clubs that are near too?].
Set to break ground in Q4 of 2019, the project will take 24 months to complete, consisting of spacious, modern 1, 2- and 3-bedroom apartments spread over 3 phases on a 4.5-acre parcel of land. Phase 1 will have two residential buildings with a total of 208 units on 13 floors.
RENTAL RETURNS
We are anticipating excellent yields for the Mi Vida apartments, due in part to the location within the Garden City development and the advantage of not only Mi Vida’s generous amenities, but also the convenience of Garden City mall on our doorstep, with its 3-acre central park and children’s water and play parks, Nairobi’s favorite iMax cinema, 2 level food hall, and Shoprite anchor tenant, as well as the newly opened offices at the Business Park.
Below are the expected rentals on completion (based on actual rental data around the vicinity):
| TYPE | AVERAGE PRICE | RENT (UNFURNISHED UNIT) | INDICATIVE YIELD | FURNISHED UNIT | INDICATIVE YIELD |
| 1 Bedroom | 9,200,000 | 45,000 – 50,000 | 6.5% | 70,000 | 9.13% |
| 2 Bedroom Compact | 12,421,538 | 65,000 | 6.3% | 100,000 | 9.66% |
| 2 Bedroom with DSQ | 13,819,231 | 70,000 – 75,000 | 6.5% | 110,000 | 9.55% |
| 3 Bedroom with DSQ | 16,212,308 | 85,000 | 6.3% | 130,000 | 9.62% |
AMENITIES
At the heart of Mi Vida are additional amenities developed to promote happy, healthy, and sustainable lifestyles, designed for convenience and enjoyment for all the family. These will include:
- Over 1 acre of landscaped gardens
- Multi-purpose sports court and outdoor gym
- Indoor gym with yoga and fitness studio
- Adults pool and children’s swimming pool
- Jogging Track 300 meters long
- Day Care & Creche
- Kids play areas
- BBQ deck
- Social events hall
We understand that safety is a key factor for any new home buyer so we’re proud to say that Mi Vida at Garden City will also be complemented with 24-hour manned security, CCTV monitoring, and intercom, as well as free Wi-Fi connectivity for residents and 24/7 generator back up for common areas. Each tower will have its own access control and 2 high-speed elevators.
Need to Know more about Mi Vida?
To get more details on Mi Vida, contact Mark on 0715337096 or email him at mark.macharia@rm.co.ke
We hope that you will consider investing through us and we look forward to a fruitful partnership.
