Heri Capital LLP, is a subsidiary of Leo Capital Holdings Limited (LCHL), set up to specifically finance the development of Leo Capital Holdings Limited.
Leo Capital Holdings Limited specifically develops low cost houses. Having identified that other developers are building high end homes for high income earners and that that has resulted in a huge housing deficit in the middle income earners, Leo Capital Holdings Ltd wants to close the housing gap.
According to the latest National Housing Corporation Report, there is a deficit of approximately 1.9 million houses in Nairobi and 70 % of those looking to buy homes are in the middle income earning bracket. This need led to the creation of the brand Heri Homes.
Heri Homes is a Real Estate Brand under Leo Capital Holdings Limited. The Company develops quality and affordable housing units to the discerning markets using an equity model. It has it’s presence in several Counties such as Nairobi, Mombasa, Kiambu, Machakos, Kajiado, and Nakuru.
Heri Capital LLP, is seeking KES 200m, with a greenshoe option of upto KES 100m, for the financing of its various real estate projects. The funding sought will be injected as debt into the Project SPVs and secured by assignment of receivables and a negative pledge on the fixed assets of the Project SPVs.
Why Heri Capital LLP?
Kenya Real Estate Analysis | Contribution to GDP
Real Estate and construction sectors contribution to GDP has been on a rising trend from 10.5% in 2000 to 12.6% in 2010 to 14.1% as at 2017
To be part of this great venture: