Dubai based Group Partners with Kenyan Smart Green City project Hilshaw Group and Athi River City sign agreement

The 4.500 acre Athi River Smart Green City project is located 10 Kilometers from the Jomo Kenyatta International Airport, alongside the Nairobi - Mombasa Highway

  

Dubai: Dubai-based Hilshaw Group were onboarded as 'Exclusive Advisors' and overall project and financing consultants for the Athi River Smart Green City project in the Kenyan capital Nairobi.

The 4.500 acre Athi River Smart Green City project is located 10 Kilometers from the Jomo Kenyatta International Airport, alongside the Nairobi - Mombasa Highway. The development will be home to a self-contained community including Commercial, Offices, Retail spaces, Restaurants, Hotels & a Green Resort, Golf Course, Schools, University, Community Centers, Hospitals, Sports, Leisure, and Entertainment facilities in addition to over 4000 residential units.

Hilshaw Group is a Multi-Family Office & Investment Advisory. The Company primarily invests in low supply and finite real estate opportunities. The Company has allocated USD 175 Million towards UAE Real Estate, specifically towards the facilitation of the Remote Work Visa program.

Hilshaw Group’s UAE plans involve the customization of 'Ready to Move-in' Real Estate for the post-COVID adoption of the 'Work from Home' concept. Hilshaw is pre-negotiating remote work contracts at the employer level within international Tech and Fintech industries and is looking to relocate over 1200 employees during its first phase.

The project principals, Kenya's Jetblack Group (Jetblack Energy), have planned the Smart Green City to be a pollution-free environment where the entire city’s energy production will be done through a Waste Power Plant. Waste from Machakos County and the Athi River Project will be processed through the  Plant’s 4 Reactors to produce over 576MW in 24 hours with Zero Emissions. The projected volumes will be achieved by processing 400 tons of solid waste.

The public transport within the development will run exclusively on electric, hybrid and the Waste Power Plant produced Biogas. Residents will be issued special permits for conventionally powered vehicles upon fulfillment of emission regulations.

In addition to the City's Green infrastructure, urban planning is being done to adhere to post-pandemic requirements and social variations.

"As tragic as it is, there are some critical things we can learn from the pandemic. The world and we as a people were simply not ready or prepared for an occurrence that demanded social restrictions. And while the human race is known to be one of God's more adaptable creations, it is our creations, practices, and infrastructure that lacked flexibility. Thankfully the environment has been on everyone's mind for many years, and Green Cities are a future we are certain of. The 'Smart' component of the Athi River project is being planned to be more adaptive in the face of future uncertainties,’ said Lal Bhatia, Chairman, Hilshaw Group.

"Megaprojects like Athi River Smart Green City are only possible as a joint collaboration of experts, the public and private sectors, and like-minded visionaries. Similarly, evolutionary plans can only be achieved in the presence of teams and partners who themselves have the ability to evolve. Hilshaw Group has proven its ability to do so over the years and has its successes to prove it. We are delighted to have them as part of this monumental Kenyan dream," said Keshoney Elisha, President Jetblack Group.

The project is planned to commence development by May 2022, and the first Phase release is envisioned to be by the end of 2025.

www.athiriversmartcity.com 

-Ends-

About Hilshaw Group: - Hilshaw Group is a Multi-Family Office and Investment Advisory with an existing Fund Size of USD 500 Million. The Company primarily invests in low supply and finite real estate opportunities. It has recently allocated USD 175 Million towards the UAE Real Estate Market to exploit the recently introduced opportunity. 

At Hilshaw Group, we value the interest and security of our investors and have a tradition of delivering higher returns through untapped and innovative investment opportunities. The Group manages its global investment footprint through its offices in Thailand, Italy, Russia, and its Investment & Acquisition Head Quarters in Dubai, UAE.

www.hilshawgroup.com 

For Media Queries:
media@nfactor.global 

Send us your press releases to pressrelease.zawya@refinitiv.com


© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases