THE NEW TREND:

SERVICED
APARTMENTS
5th April 2017

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Introduction

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Introduction Serviced Apartments – SOHO, KILIMANI

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Introduction Branded Residences – CAPITAL M, Westlands

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Introduction ApartHotels – EXECUTIVE RESIDENCY BY
BEST WESTERN, RIVERSIDE

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 Trends

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 Trends Distribution of Supply

Kileleshwa Runda -
CBD 6% Gigiri
2% Westlands
2%
Valley 27%
Arcade
12%

Upper Hill
13%

Lavington Kilimani
10% 28%
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 Trends Industry Growth

2014 2016 % Change

Supply - #
2,790 3,593 29%
of keys
Average
Units per 30 42 40%
Complex
Occupancy 65% 71% 9%
Average
Gross
$2,100 $1,800 14%
Monthly
Rate (1BR)

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Discussion

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 Discussion Key Issues

• Demand and supply factors

• Forms of financing the development
• Buy-to-let investments
• Occupancy and revenue growth
• Yields
• Operating cost margins
• Existing challenges

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