Real Estate Investor Qwetu Builds KES. 800 Million Modern Hostel

By Korir Isaac / April 19, 2018



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The real estate local firm Qwetu limited has injected a total of 800 million shillings in a project for the construction of two-story modern hostels in Ruaraka and Jogoo Road.

Combined, the two self-contained state-of-the-art hostels will have 734 rooms each equipped with a refrigerator, a cooker, a bed, a microwave, a wardrobe at a cost of 22,000 shillings per month for students.

The hostels will also have WiFi as well as free shuttle services that will pick and drop students to and from school.

“Qwetu presents a motivational place for students to live and study. It isn’t just about living and buildings. It is about homes with safety and security where one can study, live and socialize in comfort. We ensure that you have everything you need to feel safe, calm and at home than any other student accommodation out there,” said Iain White, Sales and Marketing Consultant.

The model of the project, White says, was borrowed from other countries like the U.S, UK, South Africa and Australia.

Qwetu utilized debt financing from banks to facilitate the buildings with plans to construct about 40 more hostels in Kenya.

Access to the hostel is through biometric systems for security. Exclusive access to rooms will be through a keycard.

According to Mr White, the implementation of the investments was to mirror the worldwide trends in hostel development where students were constantly looking for accommodation and transport solutions as a package.

“There is a huge gap in the hostels’ sector in Kenya, that is why we are bringing these modern models in Nairobi to resolve the issues parents go through in finding a suitable place for their children to study comfortably without fear,” White added.

The buildings are not short of entertainment spaces. They have common social lounges with music, TV and games, open study rooms and roof terrace. Additionally, students will be able to engage in fitness activities through a private on-site fully equipped Gym for its residents.

He notes that they have contacted university authorities and are focused on partnering with any willing academic institution looking to enhance their student experience on matters secure and safe hostels.

“So far, the uptake has been good with about 400 students already in our two premises, since we launched in 2017. Students are from 26 institutions and 20 nationalities,” White concluded.

 



About Korir Isaac

A creative, tenacious, and passionate journalist with impeccable ethics and a nose for anticipated and spontaneous news. He may not say it, but he sure can make one hell of a story.

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