BBS mall owner unveils Sh65Bn mixed-use real estate project in Tatu City

Stephen Jennings, Founder & CEO of Rendeavour, and Abdiweli Hassan, OGW, EBS, Founder & Chairman of Business Bay Square, shake hands after signing a KES 65 billion deal to develop homes, retail, offices, warehousing, and a mosque at Tatu City Special Economic Zone.
Tatu City has attracted yet another investor with Abdiweli Hassan, the face behind Business Bay Square (BBS) mall in Eastleigh signing a KES65 billion mixed-use real estate plan in the Special Economic Zone (SEZ).
In an update on Monday, Hassan announced a bold project that seeks to set up homes, retail, offices, logistics facilities, and a mosque at Tatu City, all covering an area approximately 60 acres.
This investment marks one of the biggest shifts in investments in Nairobi's real estate business in the 5,000-acre Tatu City SEZ.
Hassan noted that the investment will feature high-quality residential units next to 30 acres of parks and recreation zones, commercial developments, including a pump station and offices, and warehousing and logistics in Tatu Industrial Park.
The project, which is expected to take 10 years to complete, will see a mosque come up near these homes and schools. Designs are already underway and the construction is projected to start in a year, the investor noted.
Mr. Hassan has a track record of delivering outstanding developments with Business Bay Square, in Nairobi’s Eastleigh neighbourhood as one of his signature deals.
Covering over 130,000 square meters, BBS mall is the largest shopping mall in East and Central Africa, with more than 1,000 shops and restaurant establishments.
“BBS Mall changed how people viewed Eastleigh, showing that thoughtful development can reshape neighbourhoods and improve how people live and work,” said Business Bay Square Founder and Chairman Hassan.
“Now, the future of development is moving beyond the city centre, where there’s space to build holistic communities with everything people need — schools, offices, entertainment, shops, and extensive recreation. Tatu City offers exactly that: a well-planned environment free from congestion and the hassles of commuting.”
Prime destination
Tatu City is a prime destination for residential and commercial developers seeking space, order, and modern infrastructure with proper planning and sustainable growth.
Some of the iconic residential projects at Tatu City are: Jabali Towers, Porini Point, and Kijani Ridge, offered by Rendeavour, the owner and developer of Tatu City.
Additionally, UK-Kenyan developer Unity Homes has completed and fully occupied 1,200 units at Unity West and Unity East. Its ongoing projects include Unity One, Unity Parkside, and Silver Hill.
“People today value a higher standard of living in well-governed, holistic communities,” said Stephen Jennings, Founder & CEO of Rendeavour. “It takes visionaries like Abdiweli Hassan to execute large-scale projects that improve the lives of tens of thousands of people. We are delighted that Mr. Hassan selected Tatu City for this record-setting investment in Kenya’s future.”
Tatu City, one of seven cities developed by Rendeavour, welcomes 25,000 people daily who live, work, and study within its dynamic community.
Todate, the area has attracted over KES450 billion in investment, with businesses including Emirates Logistics, Heineken, Cold Solutions, FullCare Medical, Hounen, CCI Global, Dormans, Kärcher, Naivas, NCBA, Hewatele, Freight Forwarders Solutions, Tamarind Group, ADvTECH, Friendship Group, Bakels, Novis, and Davis & Shirtliff.
Companies at Tatu City SEZ can enjoy significant incentives, including a 10 percent corporate tax rate for the first 10 years and 15 percent for the following 10 years, compared to the standard 30 percent.
Furthermore, businesses also benefit from VAT zero-rating on goods and services, as well as exemptions from import duty and stamp duty.