Gateway Real Estate and Verdant Ventures Secures US Embassy as Major Tenant in Nairobi Development

1,100 direct and 500 indirect jobs to be created during the construction phase

The complex marks Gateway Africa and Verdant Ventures’ first development in Kenya

Follows successful partnership with Verdant Ventures on similar project

The Nairobi urban fabric will soon feature a new landmark with the development of a world-class medium density housing complex for the U.S. Department of State.

The complex marks the first development in Kenya in a joint venture by Gateway Real Estate
Africa (“Gateway Africa”) and Verdant Ventures, following a successful collaboration on a
similar project in Ethiopia.

Gateway Africa is a Mauritius-based private real estate development company specializing
in the turnkey construction of accommodation for multinational corporations and retailers
wishing to expand their operations on the African continent. Verdant Ventures is a US-based
real estate development company focused on diplomatic housing in Africa. The landowner,
Nebange Limited, will be a profit participant in the partnership.

Greg Pearson, founding member and CEO of Gateway Africa, and Russ Murphy, CEO of
Verdant Ventures released a joint statement, commenting:

“We are particularly proud to have the US Government as a major tenant. This project
further cements the relationship between Gateway Africa and Verdant Ventures following
our successful collaboration in the past. Kenya represents an important base for us from
which we can build into the rest of East Africa, and we are excited about the real estate
prospects in Nairobi.”
Aevitas Group, in collaboration with a local Kenyan architecture firm, Design Partnership Ltd,

has been tasked to design this quality development. Construction is set to commence
October 2020 and will create an estimated 1,100 direct and 500 indirect job opportunities.
The completion date is earmarked for April 2022.

“We will be making use of both local and international architects, mechanical and
electrical consultants as well as civil and structural engineers. Services such as quantity
surveying, project management, construction and other sub-contracting services will be
sourced locally, as we have had success previously with local companies such as MaceYMR.
Materials will be sourced locally as far as possible, with only specialist items being
imported,” Pearson concluded.