KISUMU, Kenya – Kisumu is set for a major transformation by launching a multibillion-shilling waterfront housing project, which promises to redefine the region’s real estate landscape and spur economic growth.
The LV Marina development, spearheaded by GulfCap Real Estate, has officially entered its first phase of construction following a signing ceremony attended by Azimio leader Raila Odinga.
The project, which overlooks Lake Victoria, is expected to feature a state-of-the-art marina, luxury waterfront villas, urban apartments, modern schools, healthcare facilities, and retail spaces.
According to GulfCap Real Estate, the development will create thousands of jobs, stimulate local businesses, and improve access to essential services such as healthcare and education.
Today we signed off the commencement of LV Marina Phase 1 with @RailaOdinga and @SuleimanShahbal Our key developments: Marina overlooking Lake Victoria Luxury villas & apartments Schools & healthcare Retail & recreation Join us in this chapter. Call us at +254 745 47 47 47.
The company is also behind major housing projects in Mombasa and Nairobi, including Buxton Point, Starehe Point, and 289 Incity Suites.
The launch of the Kisumu project aligns with Kenya’s Affordable Housing Program, a flagship initiative under President William Ruto’s administration.
The government aims to construct at least 250,000 housing units annually, with 124,000 units already at various stages of development.
President Ruto has championed the housing agenda as a core pillar of his Bottom-Up Economic Transformation Agenda, citing the creation of 200,000 jobs within the sector so far.
The Kisumu project is expected to further contribute to this goal by generating employment and investment opportunities in construction, retail, and related industries.
