Our objective within the Real Estate sector is to develop new urban nodes across the East African region that represent investment grade assets of scale. We seek to master plan attractive sites across the region and provide commercial impetus for investors to establish city shifting developments. Our real estate development cycle consists of 5 main gates of value creation; Feasibility Business Case, Concept Business Case, Market Validation, Pre-construction and Construction.
Market validation, an important phase within the stage-gate process, allows us to validate the business assumptions from the potential market and potential investors and fundraise with a target structure of 70% to 30%. All projects are required to meet the hurdle rate of 25% before proceeding to pre-construction.