'Raising the bar in the Kenyan real estate market' with TripleOKLaw and Hayer One Dec 2023

In this podcast, Tom Pearson chats to Tom Onyango and Chetan Hayer, the experts at the forefront of Kenya’s internationally recognised real estate development, The Marquis. Leading Kenyan law firm TripleOKLaw LLP has collaborated with Hayer One, a property development company, to deliver a landmark residential property in Nairobi, The Marquis. Recognised for its architectural design, superior build quality, ultra-modern finishes and a range of amenities, The Marquis has set new standards in the Kenyan property development sector. Chetan Hayer, the CEO of Hayer One, says their vision was to create a desirable, high-value real estate development to cater for those who want to experience a high-end lifestyle. What’s more, Hayer says that the entire project, from start to finish, has been delivered by Kenyans for Kenyans through Kenyan financing. “It is the people of Kenya who, through their hard work, their skill and, most importantly, their resilience, have shown to the rest of the world that we can produce an extremely high, Grade A quality residential development in the heart of Nairobi which, when you put it next to any Grade A development in any other developed city in the world, would compete very well,” Hayer shared. Tom Onyango, a senior partner at TripleOKLaw, has a wealth of experience and insight into the legal intricacies of real estate development and worked alongside Hayer on The Marquis. Onyango says having a reputable developer, ensuring the proper title documents and approvals are in place, and understanding the interest rates when borrowing for purchase, should be among the key considerations for investors. He adds that when it comes to legislative changes, further clarity is needed on taxation, and he explains why better financing models are needed for buyers who want to purchase properties sold off plan. He says the legal team at TripleOKLaw is uniquely positioned to assist in the success of real estate projects in Kenya because of the team’s dedicated resources, and explains that the firm’s aim is to minimise the risks and ensure the projects succeed. The conversation wraps up with Hayer sharing his future development plans.