Nairobi Kenya, 15th June, 2012– SHELTER AFRIQUE and OAKPARK ATHI RIVER LTD have signed a KES 376 million loan agreement. The funds are earmarked to co-finance the development of Pine City Phase 2 comprising 60 Nos. maisonettes and related infrastructure for outright sale to the public. The project is located in Athi River, Kenya. Oakpark Athi River Ltd was incorporated in 2009. The principal shareholders have a wealth of experience in real estate and have benefited from Shelter Afrique’s partnership in three other real estate developments.
