The Oltepesi Syndicate was launched in December 2004 to provide investors with strong capital growth through the acquisition of underdeveloped property and its redevelopment into studio apartments providing accommodation for new entrants into the job market. Rental housing targeted at Oltepesi’s target market, which seeks quality, affordable and secure accommodation located close to working districts, remains an underserved market in key urban areas in Sub-Saharan Africa.
Total Equity Investment: Kshs 76.5 million.
Date of first close: December 2004.
