Commercial
Real Estate
Nairobi's Grade A office market offers a 400–600 basis point yield premium over equivalent London assets — with dollar-denominated leases that transfer currency risk to the tenant.
Minimum Mandate
$1M USD
Office Yield
8.5% – 10.5%
Industrial Yield
10% – 13%
Lease Term
5 – 15 Years
Lease Currency
USD-Denominated
Asset Management
Included
Asset Classes
Commercial Property
Sectors
Westlands · Upper Hill · CBD
Grade A Office Space
Institutionally managed office buildings with long-dated WALE, blue-chip tenants, and USD-denominated leases. Occupancy across our managed portfolio: 91–96%.
Target Yield
8.5% – 10.5%
Westlands · Karen · Two Rivers
Retail & Mixed-Use
High-footfall retail anchored by established national and international brands. Structured with base rent plus turnover rent components for income resilience.
Target Yield
9% – 12%
Mombasa Road · Industrial Area
Industrial & Logistics
Modern warehouse and light-industrial facilities serving Kenya's growing logistics sector. Triple-net lease structures with institutional operators.
Target Yield
10% – 13%
Investment Case
Why Nairobi
Commercial
Four structural factors separate Nairobi's commercial market from the broader emerging market peer group. Each is measurable. Each is defensible in an investment committee memo.
01
Structural Office Demand
Nairobi absorbs 150,000–200,000 sq ft of Grade A office annually. BPO expansion, NGO sector growth, and multinational consolidation from secondary East African cities sustain occupancy. The demand is structural, not speculative.
02
Dollar-Denominated Leases
Prime commercial leases in Westlands and Upper Hill are structured in USD. Currency exposure is carried by the tenant — a structural hedge unavailable in most emerging markets.
03
Yield Premium Over Developed Markets
At 8.5%–10.5%, Nairobi Grade A office offers a 400–600 basis point spread over equivalent London assets. The spread compensates for regulatory friction and currency translation risk.
04
East Africa's Capital Hub
Nairobi hosts 130+ multinational headquarters, the AfDB regional office, and the continent's most active private equity deal flow. Occupier demand is institutional in character.
Mandate Structure
Investment
Parameters
We structure mandates for direct ownership, co-investment, and managed accounts. Each is tailored to hold horizon, return threshold, and tax domicile. Full asset management is included across all structures.
Investor FAQs
Common Questions
Q
What is the minimum investment?
Murivest structures mandates from $1M USD. Co-investment via the Director Circle is available from $250,000 for qualified allocators.
Q
What yields should I expect?
Grade A office in Westlands and Upper Hill: 8.5%–10.5%. Industrial on Mombasa Road: 10%–13%. Retail in prime nodes: 9%–12%, on stabilised NOI.
Q
Can foreign investors own commercial property in Kenya?
Foreign nationals may acquire 99-year leasehold interests. Freehold is subject to Land Control Board approval. Title is structured for tax efficiency and exit liquidity.
Next Step
Begin Your
Mandate Discussion
Qualified investors may request a private briefing on current off-market mandates. All communications are held in strict confidence.
Minimum Allocation: $5,000,000 · KYC Required