Nairobi, Sept. 22 -- Property developer Acorn Holdings is rolling out a 3,591-room hostel on a five-acre plot in Karen, targeting students from Catholic University of Eastern Africa.
Environmental impact assessment filings by the firm said the land was acquired from the university. Acorn's fully owned subsidiary Spruce Properties LLP will implement the Sh1.89 billion project.
"The parcel of land was acquired from CUEA with he sole understanding that it be developed into students hostels as the university had previously intended," said Spruce in the Nema filings.
"The proposal is to develop the property into two residential brands, namely Qwetu and Qejani incorporating amenities blocks and a retail block, which will serve the students wit...