Real Estate 2024

KENYA Trends and Developments Contributed by: Lorna Mainnah, Joseph Omwenga, June Lomaria and Herbert Karanja, Dentons Hamilton Harrison & Mathews

struction projects to promote healthier living and working environments. • Incorporation of health and wellness ameni- ties . Projects are designedwith amenities that support the wellbeing of occupants, aligning with the social pillar of ESG. • Accessibility to essential services .This ensures easy access to hospitals, schools and shopping centres, thereby contributing to social infrastructure and community welfare. • Retrofitting instead of demolition .Choos - ing the retrofitting of existing structures over demolition aligns with sustainability goals by reducing waste and conserving resources. • Adoption of ESG benchmarks and certifica - tions . Certifications such as the Leadership in Energy and Environmental Design (LEED) and the Excellence in Design for Greater Efficien - cies (EDGE) green building rating system for real estate are sought for projects. For exam - ple, Africa Logistics Properties’ ALP North development in Kenya has been certified as EDGE compliant being the first green sustain - able warehousing in Africa.

Conclusion The integration of ESG principles within Kenya’s real estate sector exemplifies a holistic approach to sustainable development, balancing environ - mental stewardship, social responsibility and ethical governance. Through a combination of legal mandates and industry initiatives, Kenya is fostering a real estate sector that not only contributes to economic growth but also pro - motes the wellbeing of its communities and the environment. As these trends continue to evolve, the Kenyan real estate industry is set to play a pivotal role in the global movement towards sus - tainable development.

537 CHAMBERS.COM

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