Ushuru SACCO office block set to open in November.
The Sh274 million eight-floor Ushuru SACCO Kilimani headquarters is scheduled to open for tenants next month.
Chief executive William Pudha said leasing of space to State agencies, corporates and NGOs would see tenants design the space to suit individual brands.
The SACCO already partitioned the second and third floors as offices for its 19 employees in May ahead of the planned opening of a front office services activity (Fosa) complete with a banking hall.
“Our investment is purely financed from internal sources where members have no burden of interest loan repayment risks and it took us 12 months to construct the property,” said Mr Pudha.
Ushuru Sacco draws its membership from Kenya Revenue Authority, National Hospital Insurance Fund, PZ Cussons, Fly540 Aviation, Kenya Airport Authority, Kenyatta National Hospital, National Transport and Safety Authority, Retirement Benefits Authority, Kenya Literature Bureau, Kentrade, East Africa Safaris and National Housing Corporation.
Ushuru said the property sitting on a parcel of land bought for Sh80 million is a lifetime investment for the sacco that has since ushered in a sister co-operative, Ushuru Investment Co-operative.
The new entity has helped members acquire residential parcels of land in Kisumu and Kitengela, Kajiado with land in Mombasa expected to be unveiled soon. “SACCOs are drivers of socio-economic development and that spirit needs to be secured via continuous programmes that uplift the livelihoods of members,” he said.
The incoming tenants, he said, would have access to the open rooftop that can be used for official ceremonies as well as an underground and ground level secure parking bay manned round the clock.
“We have received many enquiries and will in November open up the facility for occupation as we have completed the development. We have installed two elevators as well as round the clock CCTV system for all areas,” said Mr Pudha.
The SACCO which started its operations 1970 has a Sh3 billion asset base with 5,946 members who as at last year had saved up to Sh2.7 billion.
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