Latest Posts

New cannabis bill could see construction taking the high road

The proposed amendments to the Cannabis for Private Purposes bill that seeks to further decriminalise cannabis usage and legalise South…

Read More..

A root cause of flooding in Accra: developers clogging up the city’s wetlands

Christopher Gordon, University of Ghana Ghana has six designated Ramsar sites. These are wetlands designated under the criteria of the…

Read More..

Nigerian property crime could be reduced if neighbourhoods were better designed

Adewumi Badiora, Olabisi Onabanjo University Nigeria has a very high crime rate. The Global Peace Index ranked it the world’s…

Read More..

Inner cities are growth engines attracting young homebuyers

Inner city living is boosting the city residential property market and driving urban rejuvenation Inner cities. Love them or hate…

Read More..

Kenya’s push for affordable housing is creating opportunities despite barriers

Raphael M. Kieti, University of Nairobi; Robert W. Rukwaro, University of Nairobi, and Washington H.A. Olima, University of Nairobi In…

Read More..

Heron IVC: Walking the green talk

Waterfall is closing the loop on waste Waterfall prioritises sustainability and responsible environmental stewardship as a strategic imperative, keeping the…

Read More..

Italtile unpacks new Nordic wood looks

Introducing Helsinki EcoWood by EcoCeramic Ceràmica. Right now, the hybrid Japandi trend is rising fast, with its calming combination of…

Read More..

Flagstaff Square sets a new standard for rural retail

Flagstaff, located in the OR Tambo district in the Eastern Cape, began its existence as a trading post and essentially…

Read More..

6th Jun 2022

Architect Africa Online

Africa's Leading Architecture Aggregator

FBW Group and Fusion Capital to create large-scale affordable housing strategy

Leading East African planning, design, architecture and engineering team FBW Group is working with Fusion Capital, one of the region’s most successful real estate developers, to create a low-cost, affordable housing strategy in Kenya.
 
FBW has been appointed as consultant to help develop the plan. The group, which is celebrating 25 years in East Africa, has a strong track record in the planning, design and delivery of volume housing projects.
 
Fusion Capital is a private firm which started life in 2006 and has grown to be one of the largest and most successful real estate developers and asset managers in East Africa.
 
Together, Fusion and FBW are putting together a large-scale, low-cost housing strategy to deliver affordable homes for people in Kenya earning less than US$500 a month. The ultimate aim is to roll the development plan out across the region.
 
Fusion is known for its success in funding, completing, and managing East African developments across various real estate sectors.
 
It has successfully planned, funded, and developed projects valued at more than US$200m over the past 14 years.
 
An experienced commercial real estate developer, with almost 1 million square feet of living and working spaces developed, it has now decided to build on its experience in residential development and asset management to focus on the affordable housing market.
 
Housing remains a major challenge in Kenya and across East Africa.
 
Antje Eckoldt, FBW Group director and its Kenya country manager, said: “We are working with Fusion Group to create a large-scale, low-cost housing strategy that will deliver truly affordable homes and we look forward to unveiling it with them in 2021.
“It is a challenging task, but we believe that it will play a major role in the drive to close the housing gap in Kenya and other East African countries.
“We are using all our experience in the planning, design and delivery of volume housing projects to create innovative solutions that will meet budget requirements, while delivering homes of real quality.”
 
She added: “As with all our work, the design and delivery of sustainable building solutions and green principles is an integral part of our thinking, along with the use of locally sourced materials and skills.”
 
FBW has operations in Uganda, Kenya and Rwanda, as well as an office in Manchester in the UK. It is a major player in the region’s construction and development sector.
James Maclean, director of real estate at Fusion Capital in Kenya, said FBW’s experience and innovation would play a key role in developing a successful strategy.
 
He said: “We are looking to build on our extensive experience in residential development and asset management to focus on the affordable housing market. Creating a workable strategy is key to this.
“We believe there is a real gap in the sector. Much of the housing currently described as being ‘low-cost‘  is actually only affordable to those in the middle-income bracket. That is something we are looking to change.”
He added: “We’re very excited by the strategy that we are developing and the design, architecture and engineering experience that FBW is bringing to the project.
 
“Our aim is to officially launch it in Kenya and we aim to roll it out across East Africa over several years.”
 
Banner image: (Supplied) : ‘FBW’s ongoing development of affordable housing solutions in Kenya’
error

If you find this website useful please spread the word.

RSS
Follow by Email
WhatsApp