darproperty oct 2015

The Darproperty - August 2015 | 1The Darproperty - October 2015 | A

The

Issue No 43 | ISSN 1821-7753East Africa’s Ultimate Property GuideOctober 2015

www.darproperty.net FREE

COPYwww.darproperty.netFRFRF EEEEECOPOPO Y

Featuring Properties from Tanzania & Kenya

NOW IN MTWARA | +255 754 864 426 | +255 22 2138058 | [email protected] | www.realinsurance.co.tz

2 | The Darproperty - October 20152 | | The Darproperty - October 2015

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Arusha

FOR RENTJangwani Beach – 5 b/r

$ 1,900 / month

Dar es Salaam Arusha The Coast

Annabel Burdes

Partner Tanga / PanganiTel. +255 784 632 529

[email protected]

Anders Wehtje Raphael Nondi

FounderTel. +255 785 984 467

[email protected]

Manager Dar es SalaamTel. +255 717 032 633

[email protected]

FOR RENTNjiro – 4 b/r

$ 700 / month

FOR SALESaadani – 17 acres

$ 160,000

FOR RENTKigamboni – 3 b/r

$ 600 / month

FOR RENTMsasani – 5 b/r$ 2,000 / month

FOR RENTMikocheni – 4 b/r$ 2,000 / month

FOR SALENjiro – 6,200 sqmPrice on request

FOR SALEUsa River – 4 b/r

$ 25,000

FOR RENTCorridor Area – Commercial

$ 2,500 / month

FOR SALEKikokwe – 8,2 acres

Price on request

FOR SALEUshongo – 2 b/rPrice on request

FOR SALEPangani – 6,6 acres

$ 165,000

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Property of the month!Arusha / Kisongo - $ 150,000

This spacious property is found close to the main road app. 3-4 km passed Kisongo Village on the western side of Arusha. The house has 6 bedrooms of which 3 are en suite. Additional features include 4 car garage, staff quarters and three storage rooms. Tanesco power and water from military pipeline with three 2,000 litre water tanks. The house is located on a green and mature plot measuring app. 1,3 acres. With its location, closeness to the main road, plenty of parking and space for workshops etc. – this

property is also well suited for a tour operator or similar. The seller will be prepared to finance 50% of the property for up to 5 years on terms and conditions to be agreed with a serious buyer. The property has a clean title deed. This is a great opportunity for

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14 | The Darproperty - October 2015

Catherine Langreney.She said in Dar es Salaam yesterday that what needed is to create more demand as consumption ‘per capita is still low’ The CEO said the industry is in more danger today than previous as more players are coming in.The country’s consumption is merely at 80 kilograms per person which is very low compared to other economies in the world. In Kenya, for instance, is 120kg while in developing world goes up to 500kg per person.Experts said the low per capita has

October 12, 2015 The country’s cement industry is seen to be facing a paradox as supply reportedly exceeds demands while per capita consumption is among the lowest globally.Industrial experts have it that the sector facing production over capacity and is heading to precarious situation when demand does not expand. However, the encouraging news is that the market is there as out of population of 47 million in Tanzania only 4.5 million are cement consumers, according to the Lafarge Tanzania Chief Executive Officer, Ms

positive correlation with GDP growth, since the higher GDP pushes up cement consumption as well. The over capacity has positive effect as cement prices in the market have started to go down in recent days from 17,000/- per 50kg bag of mid 2,000’s to between 12,000/- and 13,000/-. The negative impact is risks for job loss and factory close down.The country had three cement firms up to five years ago, with installed capacity of 4.65 million tonnes annually, but to date there are eight producers.The eighth to come onboard, Nigeria’s

PARADOX IN CEMENT TANZANIA`S INDUSTRY SEEN.

The Darproperty - August 2015 | 15The Darproperty - October 2015 | 15

share drop is seen as the results of shareholders unwilling to invest more on the sector fearing dividends drop as many players are coming up.Tanzania Portland Cement Company (Twiga Cement) last year increased capacity by 700,000 metric tonnes- production line. While Lafarge Holcim, Mbeya cement, said yesterday will commission 700,000 metric tonnes vertical mill at the end of this month. Though the industry is blossoming, at the same time, cheap imports from the Middle East countries have continued to enter Tanzanian markets.These cheap imports, said Ms Langreney, are creating unfair competition as they benefit from widespread acts of tax evasion through under declaration of prices and volumes delivered into local markets.

Dangote Cement, which went to production, last week push production capacity to over 6.0 million tonnes annually. The good news in cement industry recently are said to have impact on the two listed companies at Dar es Salaam Stock Exchange (DSE).The two giant manufacturers—Tanzania Portland Cement Company (Twiga Cement) and Tanga Cement Company (Simba Cement)—shares plunged at the time when number of new firms set plants. On the DSE cement manufacturers share prices have depreciated by between 16 and 20 per cent since the beginning of this year.Twiga cement went down by 16.25 per cent to 3,350/- a share while Simba Cement depreciated by 20 per cent to 3,400/-as of last Friday.Brokers have it that the cement’s firms

Recently Manufactures said through Tanzania Chapter of East African Cement Producers Association (EACPA) that they are now facing collapse due to the continued influx of cheap imported products in an already saturated market.They urged that their situation was being made worse because, they were competing with cheap imports at a time when their margins are squeezed by overcapacity in the market.The industry last year grew by 7.8 per cent, representing 8.6 per cent of GDP with effect across various construction aspects ranging from individual housing, transportation to mega structures.

Written by:ABDUEL ELINAZA

The country had three cement firms up to five years ago, with installed capacity of 4.65 million tonnes annually, but to date there are eight producers.

“ “

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$4000 $2200 $1000

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Tshs. 160m $3600 $4000

Tsh. 290m Tshs. 1,600,000/- Tsh. 71m

$1000 $1000

$1000 $300,000

$250,000

REAL ESTATEThe ABCs of REAL ESTATE MARKET

DUE ON SALE CLAUSE a provision in a mortgage that states that the

full amount of the loan is due upon the sale of the property.

Example: Collins owes on a $200,000 mortgage loan against her

house at an 8% interest rate. She wants to sell the house to a buyer

who will assume the mortgage. The lender says that the $200,000

loan is due upon the sale of the house so it cannot be assumed by the

buyer. The lender adds that he will waive the due-on-sale provision

if the interest rate is escalated to 10%

CONDITIONAL SALES CONTRACT a contract for the sale of property

stating that the seller retains title until the conditions of the contract

have been fulfi lled.

Example: A contract for deed or a land contact is a conditional sales

contract. Until the buyer makes full payment, the seller retains title to

the property.

EXCLUSIVE (AGENCY) LISTING employment contract giving only one

brokerage fi rm, for a specifi ed time, the right to sell the property

and also allowing the owner, acting alone, to sell the property without

paying a commission.

Example Graham gives Quick sale Realty an exclusive agency listing

on her house. If an agent of Quick sale or any other brokerage fi rm

sales the house during the time of the listing, Quick sale is entitles to

the commission. If Graham sells the house herself, no commission in

earned.

HARD SELL aggressive sales practices aimed at pressuring a customer

into completing a transaction quickly.

Example: The agent was a proponent of the hard sell. Accordingly he

tried to give buyer the impression that the home would be available

for only a short period, that the deal offered might be withdrawn any

time, and that they would not be afforded the opportunity to think

over the decision.

PRE CLOSING a rehearsal of the Closing whereby instruments are

prepared and signed by some or all parties to the contact. Used when

closing are expected to be complicated.

Example: Preclosing are used when there are many parties to an

agreement. This sometimes occurs when there are multiple loans to

be arrange and/or multiple buyers or sellers, as when syndicating

property or converting an apartment complex to a condominium.

PERPETUITY the condition of being never ending. Most states attempt

to outlaw perpetuities because of potential problems. A perpetual

income stream may cause bankruptcy. A deed that keeps property

in a family in perpetuity can cause fi nancial hardship.

Example A bank offers to pay a 5% interest rate in perpetuity. A

$10,000 deposit should receive $500 annual income for as long as

the deposit remains in the account.

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MUTHAIGARUNDA MIMOSA TO LET: )egrahc ecivreS( =/000,5.shsK .htnom rep =/000,041.shsK

Ref. 52

TO LET:Kshs.400,000/= per month.

Ref. 69

A delightful and beautifully presented double storey house set in ½ acre of

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A modern and secure FOURTH FLOOR APARTMENT conveniently situated in a development of 15 at the junction of Kabete Lane & General Mathenge. Lounge, Dining Room, 4 Bedrooms, 3 Bathrooms with bide (2 Ensuite), Cloakroom, Kitchen & Utility Room. Swimming Pool, Inverter for power backup, 1 DSQ, 2 Car Parks.

A prime FREEHOLD plot for development of MULTISTOREY FLATS. – 0.759 ACRE. There is a delightful old style house which will sadly be lost.

RUNDA – RUAKA DRIVE

RUNDA – BENIN DRIVE

LOWER KABETE – OFF GENERAL MATHENGE DRIVE

LAVINGTON, OTHAYA ROAD

FOR SALE:Kshs. 93 Million.

Ref. 59

FOR SALE:PRICE GUIDE:Kshs. 42 Million.

Ref. 12

FOR SALE:Kshs. 38 million.

Ref. 47

FOR SALE:PRICE GUIDE Kshs. 250 MILLION

(Offers Invited)Ref. 73

A FREEHOLD plot of 0.786 OF AN ACRE with an old style house. AN IDEAL PLOT FOR THE REDEVELOPMENT OF TOWNHOUSES.

LAVINGTON, O WASHIKA ROAD

– OFF ISAAC GATHANJU ROAD

FOR SALE:PRICE GUIDE: Kshs. 190 Million.

(Offers Invited)Ref. 74

Located close to the Sarit Centre, the CBD and schools, a spacious DUPLEX in a secure compound. Living & Dining Room, Family Room, 4 Ensuite Bedrooms, Cloakroom, Laundry Room & Kitchen. Can be sold fully furnished.

A well presented double storey house on 1 ACRE of mature garden in

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WESTLANDS FOR SALE:Kshs. 45 Million.

Ref. 77

RUNDA TO LET:Kshs.350,000/= per month.

Ref. 52

A cozy house on ½ acre of mature garden in this secure part of Runda Estate. Living Room, Dining Room, 4 Bedrooms, 2 Bathrooms (1 Ensuite), Kitchen & Study. Includes 2 Ensuite Guestrooms.

RUNDA – OFF RUAKA ROAD

FOR SALE:Kshs. 100 million.

Ref. 10

A double storey house in a development of SIX each with private compound. 2 Living Rooms, Dining Room, TV Room, 4 Ensuite Bedrooms, Study, Kitchen (includes dishwasher, electric oven, hob and extractor). 1 Staff Room.

LOWER KABETE FOR SALE:Kshs. 80 Million.

Ref. 48

A stunning 10.4 acre Freehold plot on Miotoni road, close to the Ngong Road junction. Masses of beautiful trees and an old double storey house. Frontage to a dam. A VERY IMPORTANT DEVELOPMENT SITE.

FOR SALE:Price Guide Kshs. 640 Million (Offers Invited)

Ref. 104

KAREN, MIOTONI ROAD

Price:

Ksh. 16 M

th4 Floor, Nginyo Towers, Koinange St.

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Authorities Pension Trust and three other schemes.The schemes had invested Sh130.39 billion in property as at December 2014 - Sh10.55 billion more than a year earlier - the RBA said in an industry report on August 26.This is 16.54 per cent of the Sh788.15savings by workers held by the pension funds as at the end of last year - nearly half of the regulatory cap.“A comparative breach status from December 2013 to date shows the overall comparative breach has continually improved by one per cent over the one year period with only 114 breaches across the different asset classes,” the RBA said. “However, there were changes in the distribution of breaches amongst asset classes with noted increases in the schemes breaching the property asset class.”Kili said while the investment caps in property were good to safeguard against governance malpractices in the past, the Pension Funds are now well regulated. This leaves little room for mismanaging workers’ savings, he argued.“It should be lifted to a higher level, maybe to at least 40 per cent,” he said in an interview. “Eventually it should not even be controlled. It should be left to trustees working with fund managers to decide because, before they make any decision, they have to engage with the

Pension schemes may in the near future be allowed to invest more than 30 per cent of workers’

savings in property if the sector becomes more liquid through a secondary market, the regulator has said.The Retirement Benefits Authority said it is willing to lift the 30 per cent limit on assets trustees of pension funds can hold in real property - land and buildings.A section of trustees of Kenya’s 469 segregated schemes have been pushing for the cap to be increased, arguing that the sector offered more returns than other asset classes.The Retirement Benefits Regulations favour investment in guaranteed funds, government securities and quoted stocks where the trustees can hold up to 100, 90 and 70 per cent of the assets.They can only invest as much as a third of their assets in property, fixed income and deposits assets.Pension Trustees agitating for the cap on investing in property to be raised have pointed at the huge housing gap of more than 200,000 units for low- and middle-income earners in urban areas as the reason for their clamour.“We are unable to do much [bridging the housing gap] because of that limitation,” Hosea Kili, the chief executive of the giant CPF Financial Services and chairman of the Association of Pension Trustees of Kenya, said. CPF administers the Local

members.”Lazarus Keizi, the RBA manager for research and strategy, said some schemes could have breached the limit were it not for the regulations.State-owned National Social Security Fund and the Kenya Ports Authority Scheme, he said, have in the past shown an increasing appetite for property.“The reason why we have kept the limit at 30 per cent is because real estate is highly illiquid,” he said. “Sometimes, we may require a large amount of money and when it is invested in real estate, it becomes a problem to get it immediately.”Keizi also said the limit on property is cushioning workers’ savings from the risk posed by “controversies and governance issues” that have historically dogged the management of the land sector.He however backed the introduction of Real Estate Investment Trusts and Mortgage-Backed Securities to help unlock more pension funds into property.The products, he said, will provide the liquidity - the ability to quickly dispose off an asset without eroding its fair value - which is needed to pay off workers leaving the schemes.The Capital Markets Authority on October 2 allowed Stanlib Kenya to raise as much as Sh12.5 billion in an income REIT through an initial public offering on the Nairobi Securities Exchange.The offer, set before the end of

KENYA: PENSION FUNDS FOR A BIGGER

PROPERTY SHARE


good portfolio for diversification.”Kenya Commercial Bank, on the other hand, has plans to offer institutional and high net-worth investors a chance to trade in mortgage-backed securities.“We want to be able to take up mortgages in the market and list them in the capital markets,” chief executive Joshua Oigara said last year.

November, will be the first in Kenya and the second in Africa after South Africa. The REIT will allow pension schemes to invest in property and exit as they will be traded on the NSE.“We are keenly monitoring how the REIT will go, with a focus on how it is going to be structured,” Keizi said. “Investment in property provides a stable return and a

The big-ticket transactions will be done through KCB Capital, the bank’s investment banking subsidiary licensed February last year.

Written by:Constant Munda

The schemes had invested Sh130.39 billion in property as at December 2014 - Sh10.55 billion more than a year earlier - the RBA

said in an industry report on August 26.“ “


Do not take chances with yourReal Estate Investment.

Go for TBS approved products.

Tanzania Bureau of Standards -TBSUbungo, Morogoro / Sam Nujoma Rd

P.O. Box 9524 Dar es Salaam, TanzaniaTel: +255 22 245 0298 | +255 22 245 0206

Fax: +255 22 245 [email protected] | www.tbs.go.tz

We approve standards of all kinds of building materials.From Institutions and Individuals.


Brief Background yourself.The course leader is Mr Henry LOO from Mauritius. He is a registered Architect who specialized in Master planning and Property Development and graduated from Marseille, France. He has over 20 years of experience in architecture, project management and the property sector. Mr LOO is a business investor, property developer and financial consultant. He has built a successful architecture practice and property development firm in Mauritius, leading in setting high industry standards of innovation in designing and property development.

What is “International Property Masterclass” in Tanzania all about?The International Property Masterclass training will aim to accelerate knowledge transfer and experience sharing in the real estate sector. It is the 1st of its kind in Africa and will enable stakeholders to get in depth knowledge and trade secrets of the property development sector, through sharing local and global international experience. Why and how do property developers become richer? What are their secrets? How to become wealthier? How to achieve financial freedom and get continuous income even when retired?Interaction between participants and course leader will be possible through question and answers session and B2B meetings will be held after the training. This 2 day training is followed by a graduation at the end of the Masterclass. The International Property MasterClass will be held in 12 and 13, November at the Holiday Inn Hotel in Dar Es Salaam. This is a unique investment training event designed to help delegates create wealth using land and property.

What will the event achieve?Throughout the training, participants will actively explore tools and techniques used throughout the Property investment lifecycle, gaining insight on practical experiences that drive current Real Estate development practices. Introduction to investment and finance will be analyzed. Understanding property investment under its various types. Analysis of property development process from bare land to market analysis, financing, concept design, design development, approvals, marketing, sales, construction,

completion and property management. Land value creation strategies, from master planning to wealth creation. Financing and joint venture possibilities. Property marketing, advertising campaigns and sales. How to build a passive income, create capital appreciation and make property work for you and your future generation. The training will also provide insights into how institution investors such as pension funds and insurance companies can leverage investment opportunities in Mauritius property market to diversify their investment holdings and create a resilient profitable investment portfolio.

Who should attend?Land owners looking for value and wealth creation strategies, financing and joint ventures. Investors looking for local and international investment opportunities and partnership. All consultants in the construction industry who seek development opportunities. Property developers willing to broaden horizon of opportunities. Contractors and building materials suppliers. Real estate agents and brokers. Banks and financing institution. Pension and Fund management. Government & Private sector officers linked to the property sector. Everyone who wish to get insights and work in this dynamic sector.

How do you compare Mauritius Property Market to Tanzania?Mauritius is acclaimed to be a world leading investment destination and ranked 1st in Africa by the World Bank Doing Business 2015. It is also ranked 1st in Africa by the Mo Ibrahim Index of African Governance 2014, and 2nd in Africa for the International Property Rights Index 2014. Its GDP (PPP) per capita is USD 17,716 compared to Tanzania GDP (PPP) per capita which is USD 2,591. Mauritius property market is quite mature and has gone through several development cycles with the development of the various sectors of the property industry such as; industrial parks, hotels, office park, residential developments and recently the Shopping Mall industry. The country offers state of the art infrastructure, a cyber city

and is an up market tourism destination. The government is now heading toward creation of Smart Cities as a future of sustainable urbanization.There are a lot of development opportunities in Tanzania property market. As a world traveler visiting most developed countries like Singapore we can see how Tanzania could be in the next 25 years. The growth of mortgage lending by Tanzania commercial banks clearly sets high pace for modern housing development and new investment opportunities are emerging in sophisticated commercial and industrial real estate. I am particularly in Tanzania to see investment and development opportunities.

What are current trends for Global Real Estate investors? Global investors are looking to invest in less developed countries and create a diversified portfolio in various parts of the world. This strategy helps to hedge against inflation in local real estate market and tap relative high, stable cash flow returns offered by frontier markets such as Tanzania. Global diversification also reduces systematic risks that impact real estate markets. The main criteria investors look is security of their investment and stability of the country. They can bring investment funds and technology transfer to Tanzania which can beneficiate through employment creation, value and wealth creation to the locals. Tanzania needs to develop its capital markets to attract overseas capital flows into its property market. In the future Tanzania real estate market needs to be liberalized to allow foreigners to own houses and properties through well designed investment schemes and regulations this will attract global real estate investors to invest in the country as part of portfolio diversification strategy.

What International Achievements have you achieved in your career?I have received several international awards as architect and property developer. Honorable Mention for the Master Town Planning of Port Louis City, Mauritius among 34 International participants (Union of International Architecture), in 2004. Award for Advancement of Architecture and Master Planning (International Architects Salon Award, Beijing, China), in 2005. Best Office Development Award (International

Interview of Mr Henry LOO from Mauritius for the “International Property Masterclass” seminar which will be held on the 12 & 13 Nov 2015 at the

Holiday Inn in Dar es Salaam.

Property, UK, London), in 2010. Highly Commended, Architecture Multiple Residence Award (International Property, UK, Dubai), in 2011. Highly Commended, Mixed Use Property Development Award (International Property UK, Dubai), in 2011.

I also received several International Leadership recognitions such as the International Star for Leadership Award (Business Initiative Directions, Paris), in 2012. International Diamond Prize Award for Customer Satisfaction (European Society for Quality Research, Rome), in 2012. Award of Excellence in Business Management & Selected as World Leader Business Person for successful leadership and innovation (BIZZ Award, World Confederation of Businesses, Dubai), in 2013

What advise you will you give local investors looking to invest in real estate?Any investor and land owner should get good advice from experienced people. They should make it a MUST to attend this first International Property Masterclass to expand their knowledge horizons and build new investment capabilities. They will be saving costs instead of traveling abroad to attend such international conferences. Real estate is the fastest growing investment asset class in Tanzania that has tremendous potential to create wealth for investors and transform the economy toward the path of middle income country.

Do you plan to set up an office in Tanzania and how can people contact you?Yes, we do plan to open a permanent and investment office in Tanzania and we can also bring other strategic investors in the country. We are looking for the right investment opportunities, land owners and local business partners for evaluating investment opportunities into the property sector. I can be contacted on [email protected]. We can help create a wealth value chain from concept design, development, marketing, construction, sourcing of materials and project management.What else are you doing in Tanzania?As a past CEO of a Top 100 company

in Mauritius. I will be also conducting a “Masterclass Management Academy” seminar in Mwanza on the 17 & 18 Nov 2015 for all those who wish to develop their leadership and management skills and capabilities through innovative and practical learning including departmental supervisors, managers, administrative officers, personal assistants. All those who wish to unlock their potential to be able to grow within their organisation and climb the ladder of success.

I will then move to Arusha to conduct a “Masterclass Business Academy” seminar on the 20 & 21 Nov 2015. This course will benefit anyone who wishes to improve their entrepreneurship skills to be more effective within their business through innovative and practical learning. Entrepreneurs who need to create their business and enter the market. University Graduates looking forward opening their own business. Business Owners who need to restructure and reinvent their business.

Attendees can get more info on www.varsity-school.com to download registration forms or contact [email protected]. A certificate of attendance will be given to all attendees.

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NO PHOTO

MOROG

ORO

100 acres located at Bagamoyo town in Sanzale area,ideal for residential and commercial houses at very

potential area

$2,000,000

BAGA

MOYO,

Beach plot for sale at bagamoyo near Millennium Hotel100 meters from the indian ocean view with a residential building with government offer of 35 years

SALE $177,000.

BAGA

MOYO

RENT $6000 Vat Inc.

MASAK

I

RENT $ 1500

MIKOCH

ENI A

RENT $ 1500

MIKOCH

ENI A

OYSTE

RBAY

KINON

DONI

SALE TSHS 120m

SALE $420,000

KIBAH

A

MBEZI B

EACH

RENT $650

MLANDIZ

I

Oysterbay near goat race grounds,6 bedroom with bathrooms,

fully airconditioned, servant quarter,0717 520 111/ 0685 441 505

RENT $ 1500

MIKOCH

ENI A

Town houseswimming pool, standby generator,

parking, securitycontanct: +255 684 468 468

RENT

CITY C

ENTER

2 Bedroom Apartments Parking, Generator, Security affordable price.

+255 715 000 642

RENT

CITY C

ENTER

MLANDIZ

I

RENT

MASAK

I

RENT

UPAN

GA

RENT

NYER

ERE R

OAD

RENT $ 10,000

Real Estate Agents Directory in Tanzania

Real Estate Agents Directory in Kenya

ENHANCE YOUR VISIBILTY & CREDIBILITYGET LISTED HERE WITH YOUR LOGO

Tshs. 48,500/= Monthly / Tshs. 500,000/= Annually+255 784 23 89 62, 688 75 18 68 | [email protected]

+255 756 960 960, +255 714 444 250, +255 752 444 606.

ARUSHA +255 653 005 530, MWANZA +255 653 005 535,

[email protected] TZREALESTATE.CO.TZ

ABLA ESTATE DEVELOPERS & AGENCY CO.LTDMikocheni Opposite Shoppers PlazaP.O BOX 3810, Dar es Salaam Tel +255 22 2772506, E-mail: [email protected]

CHINESE PROPERTY AGENT TRANSLATORMsasani Road, Masaki, English Chinese TranslatorDealing with your chinese clientsms 0756 50 11 37, [email protected]

GIMCO ESTATE AGENCY LTDSamora Ave, NIC Investment Hse,P.O BOX 8382 Dar es salaamTel +255 22 2120988, Mob +255-784 900041

GOLDBERG COMPANY LTDReal Estate & Mining TradeP.O. Box 22159 Dar es Salaam Old Bagamoyo Rd, Mikocheni B,0715 270 517 / 0754 270 [email protected], www. goldbergtz.com

NEW DAY PROPERTY AGENCY COMPANYMwinyijuma Road - Kinondoni,Room no.84, UVCC Complex+255 753 645 434, +255 717 035 552+255 767 575 758www.facebook.com/ raymond samson Laizer

KEY REAL ESTATE SOLUTIONSRegent Chwaku North UrsinoTel: +255 22 2701674, 0715 053 803, 0786 053 803, 0754 28 46 84mariam@keyrealestatesolutionstz.comwww.keyrealestatesolutionstz.com

MY BEACHOld Bagamoyo Rd. opp Yuasa auto impexP.O BOX 105200. Dar es SalaamTel; +255 22 2701710

AXIS REAL ESTATE48209 Nairobi Kenya0727 572836, 0713 908 [email protected], www.kenyavaluers.com

ARK CONSULTANTS LTDNo. 16 Nas Apartments, Milimani RoadP.O. Box 42093, 00100, Tel: +254 20 2726870www.arkconsultantsltd.com

CORAL PROPERTY INTERNATIONAL LTD+254 735 801077, [email protected], www.coralpi.com

DUNHILL CONSULTING LTDHevea Court, Block A3, No.15, Eldama Ravine Road, WestlandsTel: +254 786 386 445, www.dunhillconsulting.com

FINANCIAL AND PROPERTY CONSULTANTS LTDArbor House, Arboretum DriveP.O.Box 14459-00800 NairobiTel: +254 722 524383, www.fapl.com

HASS CONSULT LTDABC Place, 1st Floor, P.O. Box 14090, NairobiTel: +254 20 4446914, www.hassconsult.co.ke

KARENGATA PROPERTY MANAGERSHead office: No.47 Marula lane, KarenP.O BOX 1552, Karen. 00502,Nairobi.0733613744 / 0735099932

KENYA VALUERS AND ESTATE AGENTS LTD3rd Floor, Museum Hill Centre, P. O. Box 48209, NairobiTel: +254 20 3745697/512, www.kenyavaluers.com

KNIGHT FRANKLion place, Waiyaki wayTel +254 20 4239000 / 0733 [email protected]

PENTA KENYA LTDTropical lane off Wood AvenueP.O Box 101493 00101, NairobiTel 0731471872 / 0711 [email protected]

PROLAND REALTORS LTD6th Floor, Maendeleo House, Monrovia StreetP.O Box 29509-00100 NairobiTel: +254 720 353437, www.prolandrealtors.co.ke

NIKUZE REAL ESTATE AGENCYMorogoro RoadP.O Box 10032 Dar Es SalaamTel: +255 789/754/715/ 363 800Email: [email protected], www.nikuze.com

PHOTO & CO.ESTATEKahama Road/Msasani peninsulaP.O BOX 105121 Dar es Salaam.0786 962 444, Email; [email protected].

PROPERTY CONSULTANCY & SERVICES LTD2nd Floor Kevin House - Samora AvenueP.O BOX.7152 - Dar Es Salaam+255 22 2120402, +255 713 690 [email protected], www.pcsltd.co.tz

PRESTIGE PROPERTIESPhone: +255-713-764-447/ 0767471293Tel:+255-22-266-4373Email:[email protected]

TANGANYIKA ESTATE AGENTSVillage Walk, close to Sea Cliff Hotel+255 717 032 633, [email protected]

TRELD COMPANY LTDP.O BOX 7656 Dar es SalaamLocation Msasani Peninsular off toure drive+255 732 222 888, +255 716 777 [email protected], www.treld.co.tz

ARUSHA AWESOME HOMES AND PROPERTIES. Shanti House, Plot 58 Block E Sokoine RoadP. O. Box 249 Arusha, [email protected], www.arushahomes.com+255 754 337 899 / +255 786 337 899

HOMES & PROPERTY AGENCIES LTDLand Surveyors & Property ManagersP. O.Box 10079 ArushaBoma Rd. Arusha0787 805566, [email protected]

TANGANYIKA ESTATE AGENTSShoprite Complex,+255 785 984 467, [email protected]

ZIPO HOMESRivergardens Business Park, Rm 4P.O Box 20 Usa River, Arusha+255 787 474 580/+ 255 754 320 [email protected], www.zipohomes.com

MWANZAESTATEMwanzaestate.com +255 714 245 779 [email protected]

Zanzibar - properties.comTel: +255 774 44 19 07Hotel Marine - Malindi Zanzibar

PROFESSIONAL PROPERTY MANAGEMANT LETTING & SALES0708 848481, 0733 785698160662 Nairobi Kenya

SEMA ESTATE AGENTSSpringette Office park, Block H2, Lower Kabete Road.Tel 020 2017940 / 0725 [email protected]

DAR ES SALAAM ARUSHA

MWANZA

ZANZIBAR

COMING SOON RWANDA

REAL ESTATE AGENCY

DIRECTORY


real estate investments and a meaningful way to reduce the risks of illiquidity.

REITs are traded like stocks and investors can buy and sell shares and are regulated by the Capital Markets Authority (CMA) of Kenya and The Capital Markets and Securities Authority (CMSA) of TanzaniaTo enable smooth capital raising through REITs, the Capital Market Regulator in Tanzania has put up the regulatory framework (Real Estates Investment Trust Rules of 2011), this legal framework provides rules for eligibility, responsibility and operationalization of REITs.

Property developers may use REITs to facilitate in enabling investors to invest and have ownership in the vibrant real estate industry and also to enable real estate developers to access more efficient, effective and less costly public funding for speedier development of properties. Usually affordable houses in any economy is the results of availability of less costly funding hence lower cost for real estate properties.Housing Finance Ltd, KCB and Co-operative Bank Ltd are the banks with Reit trustee licenses while Centum, UAP,

What it is and how it works.

REIT is a Real Estate Company which owns, develops or manages different types of properties.

REITs are investment instruments that source funds to build or acquire real estate assets which they sell or rent to generate income. The income generated is distributed to the shareholders at the end of a financial year.

REITs are investment vehicle in which investors purchase certificates of ownership in the trust, which in turn invests the money in real property and then distributes any profits to the investors. The trust is not subject to corporate income tax as long as it complies with the tax requirements for a REIT.

One of the advantages of Real Estate Investment Trusts is that they are exempted from double taxation, REITs schemes are exempt from corporate tax and are also exempted from income tax except for the payment of withholding tax on interest income and dividends, REITs also provide an effective way for professional investment managers to manage their

Fusion, UAP, CIC and Stanlib have Reits management licenses in Kenya. Where by Trustees act as the custodians for the REIT unit holders by making sure the REIT manager invests carefully in exchange for a fee.

In Tanzania, The Capital Markets and Securities Authority (CMSA) has been approved the Watumishi Housing Company to act as a Real Estate Investment Trust (WHC-REIT)

As a result of public market liquidity REITs and listed real estate equities have become the most efficient and accessible way for investors and investment managers to invest in real estate. REITs give all people the opportunity to invest in income-producing real estate without owning the actual properties. Development of REITs in East African countries will make real estate investing easy and efficient.

Prepared by: Yussuph [email protected]

ALEXANDRA....................................................10

AMVERTON......................................................22

AVIC.....................................................................5

BERGER ...............................................................2

CES......................................................................32

CHESAN..............................................................30

CHOKOLE...........................................................28

CRDB BANK..........................................................3

DAVIS N SHIRTLIFF..............................................26

DCB BANK...........................................................17

EVANS...................................................................18

FNB BANK............................................................44

FOOD PLUS.........................................................39

HENRY LOO.........................................................36

IVORY TOWER......................................................9

JAMII FORUMS FN.............................................43

KENYA VALUERS.................................................29

LONGONOT GATE............................................23

MEK ONE ...............................................................4

MINJA...................................................................34

MWANZA.............................................................24

PROLAND.............................................................30

REAL INSURANCE...........................................1&19

REEF..........................................................................8

REMAX..................................................................21

RIWA MAREALE .................................................30

SAMSA REAL ESTATE.........................................16

SIMBA CEMENT.....................................................1

SKYMARK............................................................38

TANGANYIKA ESTATE AGENT......................6&7

TBS.........................................................................33

TEMEKE PLAZA.....................................................11

THE LUMINARY................................................1&13

PATRON PAGE NO

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PublisherDarproperty Tanzania

Editor In ChiefLarson Chumi

[email protected]

Business Development & ProductsAbdallah MugasaYusuph MhandoJaneth Samwel

Designs & Layouts Dennis MaungaMussa Khamis

[email protected]

Marketing & SalesMichael Francis

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DistributionBoniface Metta

Online Content ManagerMbwana Mbura

Public Relation OfficerMaria Urassa

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Accounts ExecutivesGrey Mateni

Moreen MremaFaraji Senkoro

Office Assistant.Brigita Laurance

Regulatory & Legal AdvisorsABC Attorneys

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Country Director - KenyaXavier Nanchengwa

This magazine is registered by the government of United Republic of Tanzania under the newspaper Act no. 3 of 1976 and the Postmaster General. Registration No. 00005562

The Darproperty is published by Darproperty Tanzania Company. All rights reserved.The contents and opinions expressed herein are not necessarily the representation of publisher’s view. All material published is deemed to originate from the author and will not accept any liability whatsoever in respect that have been sourced from contributors. Users are required to make their own judgement on the details contained in each advertisment. While every caution is taken in compiling the contents of this magazine, the publisher will not accept any liability for the effects arising thereof. No part of this publication will be reproduced with out written consent from Darproperty Tanzania Company.

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darproperty oct 2015

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