DAR ES SALAAM, May 28 -- WATUMISHI Housing Investment (WHI) has signed an agreement with the University of Dar es Salaam (UDSM) to construct and operate a modern commercial building on the universitys main campus in a move aimed at enhancing service delivery and promoting institutional collaboration.

The project, valued at 8.3bn/-, will be financed through WHIs Real Estate Investment Trust (REIT) fund and is expected to be completed next November.

WHI Acting Director, Sephania Solomon, said the project will be developed under a build-operate-transfer model, with WHI operating the facility for 15 years before handing it over to UDSM.

“We have entered into a contract with UDSM to build a commercial building which we will operate fo...