Nairobi, Kenya 09th October, 2012 – SHELTER AFRIQUE and CHIEDO DEVELOPERS LTD have signed a KShs 205 million loan agreement. The funds are earmarked to co-finance a furnished housing development, Lake Breeze Apartments, comprising forty-eight (48) nos 1 & 2 bedroom units in Kisumu, KENYA.
Chiedo Developers Ltd (CDL) is a special purpose vehicle company incorporated on 13th October, 2009 to carry out real estate development. Its shareholding comprises family members’ intent on venturing into the Kenya real estate market in a bid to contribute towards meeting the housing deficit in the country.