tamarind properties journey

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TAMARIND INVESTMENTS Who we are •An East African based real estate developer specialising in building low to middle income housing estates. •These estates are self-contained, so we include recreation facilities and commercial property, where appropriate. •We are the market leader in introducing green technology into our developments e.g. Solar Water Heating is a standard feature in all our projects. Tamarind Investments

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Page 1: Tamarind properties journey

TAMARIND INVESTMENTS

Who we are•An East African based real estate developer specialising in building low to middle income housing estates.•These estates are self-contained, so we include recreation facilities and commercial property, where appropriate.•We are the market leader in introducing green technology into our developments e.g. Solar Water Heating is a standard feature in all our projects.

Tamarind Investments

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THE DIRECTORS BIO DATA

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JOE MUNGAI, CHIEF EXECUTIVE OFFICER

• Joe worked with the Ministry of Foreign Affairs for 10 years during which he served as a Senior Diplomat in several Embassies overseas and represented Kenya for 5 years at the United Nations General Assembly, the United Nations Economic & Social Council and the United National Security Council. Thereafter, he worked with the United Nations Human Settlements Programme (Habitat) for 25 years as a Senior Manager where he sharpened his knowledge and expertise in the planning and development of high quality but low-cost housing. He also served as the Secretary to the World Urban Forum in Barcelona Spain.

• He holds a BA (Hon) and a Master’s Degree in Economics (Columbia University , New York) ; Diploma in International Economics and International Finance (World Bank , Washington, DC, USA); Diploma in Foreign Trade (United Nations Economic Commission for Africa, Addis Ababa); Carnegie Diploma in Diplomacy and International Relations (Columbia University, New York); Diploma in United Nations Rules, Procedures, Organizations and Agencies (United Nations Headquarters , New York) and an Advanced Diploma in the French Language (University of Madagascar) . He is a Founder Member and Vice–Chairman of the Kenya Property Developers' Association (KPDA), a Member of the Kenya Ministry of Housing’s Committee on Housing Sector Incentives, and a Member of the Housing Ministerial Stakeholders’ Forum of (Kenya Private sector Alliance (KEPSA). In addition to his CEO responsibilities, for tamarind Investments, Joe also manages Tamarind Properties, the sales and marketing arm of TI

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ROBERT DARBY: DIRECTOR, OPERATIONS AND PROJECT MANAGEMENT.

• Robert has had a career in both project and general management. He has successfully managed multi-million pound engineering businesses in the UK and has delivered a number of projects from installing new manufacturing facilities to moving whole factories. Other projects have included systems implementation, such as ISO 9000 and ISO 14000. He is well versed in quality management and lean manufacturing. He has participated in and delivered training courses in the latter.

• In Kenya he has focussed on the construction sector. In addition to managing the TI operations, he is responsible for the Technical Department. This is a wide ranging role which includes specific responsibility for creating the project feasibility studies and leading the project management team. That role entails ensuring that the projects are delivered according to the requirements of the feasibility studies i.e. on time, on budget and to a quality level that exceeds customer expectation. The total value of our current and past projects is KShs 6.5 billion.

• Robert is also responsible for researching the latest innovations in construction and development, including environmental features, and applying his lean manufacturing experience to the whole cycle of building development, from project inception to occupation.

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ROBERT BUNYI: DIRECTOR, FINANCE • Robert Holds a degree in Building Economics from the

University of Nairobi. He started his career in the Kenyan stock market as a research analyst with Equity Stockbrokers. In 2001 he moved to South Africa where he worked with Liquid Africa and pan-African investment services firm as its head of research. He was instrumental in the development of its online trading platform that allowed investors the world over to trade in any stock market in Africa.

• In 2003 he joined Standard Bank as an economist covering African economies. He was later promoted to head the Africa macro-economic research desk from where he lead a team that advised various bank clients on economic trends on the continent. In early 2007 he returned to Kenya where he launched his own advisory firm, Mavuno Capital. Today Mavuno is advising various clients on their property projects with a total value of Ksh.10bn.

• Robert is also a Director of the Nairobi Stock Exchange listed Centum Investments, as well as being the director responsible for finance within Tamarind Investments. He is involved in the strategic finance activities of the company and in developing financial suitable home purchase programmes for our customers.

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MOSES MURIITHI: DIRECTOR, PROCUREMENT & MARKETING • Moses Muriithi holds a Bachelor of Science degree in

Economics (Hons) from the University of Buckingham (UK) and a postgraduate diploma in Marketing from Middlesex University (UK)

• He is an accomplished property developer with a wealth of experience in commercial and residential properties, as a director and co-owner in Six Arms Limited, Proxima Properties Limited and Amalgamated Properties Limited.He is also an SME venture capitalist with interests in various fields such as transportation & logistics, insurance, project financing and other financial services.

• He is also well versed in the aviation industry, having served as a director and Quality Assurance manager for over 10 years at the oldest and most profitable ground support services in East Africa, Kenya Aerotech Limited.

• He is a founder owner of the innovative Oyster Village project, a prime gated community of 32 apartments and 66 maisonettes and a 25,000 square meter shopping mall.

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GERALD GITHINJI: DIRECTOR ,CORPRATE GOVERNANCE

• Gerald is a Chemical Engineer with experience in executive positions in the corporate world both in Kenya and in international blue chip organizations. He previously served as the Director – Group Supply of East African Breweries on a full time basis.

• Gerald is responsible for shaping the strategic direction of Tamarind Investments.

• Gerald’s experience in the construction industry includes Wolsely, the biggest building materials company in the UK, and Icopal, the biggest roofing and cladding company in Scandinavia, based in Denmark.

• Gerald has built deep expertise over 25 years in leading change in blue chip international assignments. Gerald specializes in Leadership, Teams and Individual Development, Organization Development and Restructuring best practice. He has applied expertise in Lean Business Processes, Culture Change and World Class Manufacturing.

• Gerald has excellent Business Performance Management and Consulting experience, covering a broad range of ‘Blue Chip’ organizations and clients based in the United Kingdom,Europe and Africa, Latin America, and Asia Pacific

Regions.

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CHARLES KARANJA: MEMBER OF THE MANAGEMENT TEAM

• Charles Karanja is a seasoned and professional banker having

worked for Barclays Bank of Kenya Ltd for 27 years. Between 2000 and 2012 Charles held a number of senior roles within the retail division in of the bank including branch manager of Westlands branch after which he was promoted to be Chief Manager of Queensway branch, the largest Barclays Bank branch in Africa where he drove profitability through sales and operational excellence.

• There after he was promoted to Area Manager for Mt. Kenya Region overseeing 12 branches and over 300 staff. Under his leadership the region was not only able to surpass its targets but was able to develop engaged teams and future leaders for the bank. Consequently in 2006 Charles was appointed as the Regional Manager Emerging Markets entrusted to drive the bank’s expansion program. In his tenure he opened over 35 new branches in 2 years majority of which became profitable in less than a year.

• In 2009 he took on the role of Head of Direct Sales where he headed a strong direct sales force of over 3000 sales executives, 200 sales managers and 7 Area Sales managers, which contributed to 70 percent of the Consumer Banking sales revenues. In 2010 he was appointed to be Head of Sales a position that merged direct sales staff with relationship managers for work place banking into one. He held this position until February 2014 when he left the bank to join Proxima and AVLC Group as an Executive Director.

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OUR COMPLETED PROJECTS

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TAMARIND COURT

Our maiden development, a middle class apartment block of 20 three bedroomed apartments and penthouses in Lavington, Nairobi. Completed in November 2007 and sold out.

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Tamarind Court

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Tamarind Court

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TAMARIND GARDENS

Comprises of 17 deluxe townhouses in lavington, off kabarsiran road, and next to kianda school.

Completed in march 2009 and sold out.

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Tamarind Gardens

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Tamarind Gardens

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Tamarind Gardens

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Tamarind Gardens

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TAMARIND MEADOW

A 370 units residential estate targeted at the middle income household in nairobi on mombasa road. Phase one consisting of 69 houses completed in march 2010.

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Tamarind Meadows

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Tamarind Meadows

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Tamarind Meadows

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EVERGREEN COURT

A modern luxury apartment complex of 24 units (220 sqm each) in the leafy suburb of kileleshwa, nairobi.Completed in october 2011 and sold out

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Evergreen Court

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Evergreen Court

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Evergreen Court

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Evergreen Court

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ONGOING PROJECTS

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TAMARIND VALLEY

A well planned residential estate targeting low income household and comprising of 850 units of varying configurations each unit size between 65 and 115 sqm.Construction has started and the maisonette show house is ready for viewing. The project includes a shopping mall

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Evergreen Court

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Tamarind Valley

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Tamarind Valley

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Tamarind Valley

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UPCOMING PROJECT

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TAMARIND VALLEY NAKURU

A plot of 50 acres has been identified. It is proposed that a total of 750 housing units be built.

In addition, there will be a shopping mall and community centre.

The development will be constructed over four phases over a total period of six and a half years, which includes planning and approval, construction and final completion.

There will be clusters within each phase to allow early completion

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TAMARIND ESTATE BAMBURI

A plot of 60 acres has been identified. It is proposed that a total of 1,200 houses will be built. The

development will be built in four phases over a total period of six and a half years, which includes planning and approval, construction and final completion.

There will be clusters within each phase to allow for early completion

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A development of 96 mid to upper market maisonettes and villas, each set on up to one quarter of an acre, at Kigo, on Lake Victoria, Uganda.

Residential construction to be in two overlapping phases.

The plot is in a good location close to Entebbe/ Kampala with intended tarmac access. It also projects into Lake Victoria and is very attractive.

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OUR MARKETING STAND

Our Marketing Stand at the Kenya Homes Expo held on May 23rd to 26th 2013, at the Kenyatta International Conference Centre, Nairobi.

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OUR AWARDS

• The C.E.O, Mr. Joe Mungai, receiving one of the Awards from the Minister for Housing, Hon. Soita Shitanda, during the 14th Kenya Homes Expo at the K.I.C.C.

The company has won a total of 15 Awards in the real estate industry during the Kenya and London Homes Expos during the last six years. These awards are displayed at our offices in Westlands.

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Hon. Njeru Githae, Minister for Nairobi Metropolitan Development, presents Mr. Joe Mungai C.E.O. Tamarind Investments with the first prize at the 10th Kenya Homes Expo at K.I.C.C. on 1st October 2009.

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Mr. Joe Mungai, C.E.O. of Tamarind Investments Ltd, receiving the first prize from the Assistant Minister for Housing Hon. Dr. Bishop Margaret Wanjiru during the 11th Kenya Homes Expo at K.I.C.C. on 22nd April 2010.

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• Tamarind Valley Embakasi

Well planned residential estate targeting low income households and comprising of 850 units of varying configurations (apartments, maisonettes and bungalows) each unit size ranging between 71 and 128 sqm. Construction started in March 2012. The project includes a shopping mall.

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Location Map

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• Tamarind Valley Embakasi and Hot Point Appliances Ltd, have partnered to give this great special offer on kitchen bundle that is worth approximately Kshs. 200,000/=.

• The offer consists of: LG Fridge - 2 Door LG Solo Microwave - 23Ltr, Silver

Colour Russell Hobbs Electrical Kettle Simfer Chimney Hood Simfer Oven, Z Series mechanical

Timer Inox Flotal Simfer Hob, Bizote 60cm H6400

QGRM

Hot Point Offer

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PRICES

TYPE DESCRIPTION Kshs

1 2 Bedroom apartment 4.35 M

2 3 Bedroom apartment 6.00 M

3 2 Bedroom semi-detached bungalow 5.20 M

4 2 Bedroom detached bungalow 5.50 M

5 3 Bedroom semi detached bungalow 6.50 M

6 3 Bedroom detached bungalow 6.80 M

7 3 Bedroom master ensuite detached bungalow 7.50 M

8 3 Bedroom Maisonette 8.25M

Options & additional costs

DSQ ( type 7 and 8 only ) 500,000

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Joe Mungai - Chief Executive Officer

Address: Tamarind Investments Ltd. PO Box 39762-00623 Nairobi

Landlines: +254 20 444 2455; +254 20 444 4704 - Fax: +254 20 444 2454

E-mail: [email protected]

Website: www.tamarindproperties.co.ke

Physical address: Suite A4, Haven Court, opposite Lion’s Place, Waiyaki Way, Nairobi

Contacts

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Thank you

Tamarind Investments