JV PARTNER WANTED: NAKURU CBD REAL ESTATE OPPORTUNITY — 2 ACRES, 330 UNITS, KES 2.14B GDV, LAND SECURED

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JV PARTNER WANTED: NAKURU CBD REAL ESTATE OPPORTUNITY — 2 ACRES, 330 UNITS, KES 2.14B GDV, LAND SECURED If you are a developer, real estate fund, or construction-capable HNWI looking for a JV partner in Nakuru CBD, Kenya — this article is written for you. PROAM Real Estate is presenting Nakuru Parcel 402: an exclusive Joint Venture on 2 acres in the heart of Nakuru City, on the former Nakuru Nursing Home site. The land is secured, title is clear, and feasibility is complete. We need one serious developer partner to bring 330 residential apartments to life. --- WHY NAKURU CBD IS THE SMARTEST DEVELOPER BET IN EAST AFRICA RIGHT NOW Nakuru received its city charter in December 2021 — making it Kenya's fourth largest city. Since then, Nakuru CBD has become one of the most attractive real estate development corridors on the continent. Kings Developers have already proven the market. Their Kings Summit project in Milimani is actively selling 3-bedroom apartments at KES 9,000,000 per unit — at KES 75,000 per square metre. Rental yields in Nakuru consistently exceed 10%, compared to just 3–5% in Nairobi's prime zones. Properties cost 40–50% less than comparable Nairobi addresses. The Nairobi–Nakuru–Mau Summit PPP highway is accelerating connectivity. The demand is structural, not speculative. --- THE NAKURU PARCEL 402 JV OPPORTUNITY Location: Former Nakuru Nursing Home Site, Nakuru CBD, Nakuru City, Kenya Site Size: ~2 Acres (0.81 Ha) | Title: Clear and Verified Land Value: KES 250,000,000 — Contributed in Kind by the Landowner Proposed Scheme: 330 Residential Apartments | High-Rise Development Unit Mix: Studios, 1BR, 2BR, 3BR JV Split: 30% Landowner / 70% Developer Partner Construction Period: 24–30 Months | Delivery: Off-Plan Pre-Sales --- BEST-CASE FINANCIAL MODEL Gross Development Value (GDV): KES 2,138,400,000 Land Contribution (in kind): KES 250,000,000 Construction Cost: KES 1,188,000,000 Professional / Marketing / Legal (8% GDV): KES 171,100,000 Contingency (5% of construction): KES 59,400,000 Net Development Profit: KES 469,900,000 Developer's Share (70%): KES 328,900,000 (~USD 2.54M) Developer ROI on Capital: ~23.2% over 30 months Project IRR (est. 30-month horizon): 9–11% per annum These projections are benchmarked against Kings Summit's confirmed pricing at KES 75,000/sqm. Our best-case model uses KES 90,000/sqm — conservative and achievable with premium finishes. --- WHAT PROAM REAL ESTATE BRINGS TO THIS PARTNERSHIP As your exclusive sales and marketing partner, PROAM will manage: ✅ All off-plan pre-sales documentation and buyer management ✅ Multi-channel digital marketing across Kenya, Uganda, Tanzania, and diaspora markets ✅ Facebook, LinkedIn, Instagram, WhatsApp, and property portal campaigns ✅ Diaspora buyer engagement — UK, US, Canada, UAE ✅ JV structuring, SPV setup support, and legal documentation coordination ✅ Target: 80% pre-sales before construction draw-down Your role as developer: capital and construction. We handle everything else. --- EXPRESSION OF INTEREST — REGISTER NOW We are accepting expressions of interest for a limited period. Qualified parties will receive: ✅ Full Benchmark Analysis and Best-Case Investment Pitch (PDF) ✅ Land title summary and verified site details ✅ PROAM JV Term Sheet ✅ Full Feasibility Study Phone / WhatsApp: +254 789 115737 | +254 703 115737 Email: info@proamrealestate.com Website: www.proamrealestate.com PROAM Real Estate is a full-service property agency registered in Kenya (CPR/2011/61083), operating across Kenya, Uganda, and Tanzania. --- #JVPartnerNakuruKenya #JointVentureRealEstate #NakuruCBD #PropertyDevelopmentKenya #RealEstateInvestmentKenya #NakuruCity #PropertyDeveloperWanted #EastAfricaRealEstate #DeveloperPartnerKenya #PROAMRealEstate