The National Social Security Fund (NSSF) is returning to large-scale property development with a Ksh.30 billion mixed-use project planned for Nairobi’s Central Business District.
The development will rise on the Fund’s 3.85-acre parcel along Kenyatta Avenue, land that has remained largely idle for decades despite sitting at the heart of the city.
The project will feature two towers, one 60 floors and the other 35, combining office space, luxury apartments, retail outlets, conference facilities and a hotel in what is expected to become one of the most prominent landmarks in the CBD.
NSSF Managing Trustee and Chief Executive Officer David Koross says the inclusion of residential apartments is deliberate and aims to restore vibrancy in the city centre by encouraging people to live closer to where they work.
The concept mirrors trends in advanced global cities, where mixed-use developments are used to revive traditional business districts.
If actualised, it will stimulate economic activity, reduce commuting pressure and reposition the area as a 24-hour commercial and residential zone.
The Kenyatta Avenue project is part of the NSSF’s renewed appetite for infrastructure and real estate investments.
The Fund is currently investing about Ksh.25 billion in the Nairobi–Mau Summit Highway, a 170-kilometre toll road being developed in partnership with the China Road and Bridge Corporation.
Also Read: Details of NSSF Plan to Build Ksh.30 Billion Apartments in Nairobi CBD
It is also behind a major housing project in Kisumu targeting both high-end and middle-income buyers.
In addition, NSSF is participating in the Talanta Sports City complex where it is developing a 300-room four-star hotel and a large shopping mall covering more than 30,000 square metres.
These new developments add to an already extensive property portfolio that places NSSF among the largest real estate owners in Kenya.
As of 2025, the Fund’s prime properties in Nairobi and Mombasa are valued at more than Ksh.33 billion.
In Nairobi, NSSF owns the NSSF Complex on Bishop Road valued at Ksh.8.8 billion, Social Security House in the CBD, Hazina Towers and the Hazina Shopping Complex, Bruce House, View Park Towers, Nyayo House, Anniversary Towers and National Bank House.
In Mombasa, the Fund owns Social Security House and Kizingo Tower, both located in the coastal city’s prime commercial zones.
The location of these assets underline how central property has been to NSSF’s long-term investment plan. However, many of these buildings were developed decades ago, with the Kenyatta Avenue project signaling a shift toward modern, high-density, mixed-use developments that align with contemporary urban planning projects.
