New Investments

Vantage Capital Pumps $47.5 Million into Expansion of Kenyan Business Park Two Rivers

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Two Rivers International & Innovation Centre (TRIFIC SEZ), a unique services-oriented business park within Nairobi’s diplomatic zone, has secured a $47.5 million investment from Vantage Capital, Africa’s largest mezzanine fund manager.

This funding will fuel TRIFIC SEZ’s growth, allowing them to acquire and renovate a 14,975 square meter office tower.

Additionally, two new Grade A office towers boasting a combined 76,800 sqm of leasable space will be developed.

Tenants will enjoy a vibrant business ecosystem within the wider Two Rivers precinct, offering residential areas, restaurants, shops, and entertainment.

“We’re proud to partner with Centum, a reputable investment group, on this project,” said Warren van der Merwe, managing partner at Vantage Capital.

“This collaboration will create jobs and attract foreign investment to Kenya.”

James Mworia, CEO at Centum, expressed his satisfaction with the partnership.

“Vantage Capital’s investment will allow TRIFIC SEZ to deliver exceptional facilities, attracting businesses and boosting Kenya’s economy through job creation, foreign investment, and export revenue.”

TRIFIC SEZ aims to provide businesses with a competitive edge by offering world-class infrastructure, advanced technology, and a supportive regulatory framework.

Companies operating within the zone will benefit from tax incentives, including VAT exemption, import duty and stamp duty waivers, and a reduced corporate tax rate for the first decade.

Werksmans (South Africa) and Bowmans (Kenya) provided legal counsel for Vantage Capital. JLL, PWC Kenya, Turner & Townsend, Webber Wentzel, and IBIS Consulting also advised on the transaction.

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