256 Bella Vista Apartments - Pearl Marina
As part of the Pearl Marina mixed used development in Uganda, we have been commissioned to provide project management, contract administration and cost management services for 336 units for the 256 Bella Vista apartments development. Our work will be delivered over a duration of three years during the project implementation phase.
Pearl Marina is a 389-acre mixed use development located on the Garuga Peninsula on the shores of Lake Victoria near Entebbe, poised to be Uganda’s futuristic lakeside city. It is situated between Entebbe International Airport and Kampala, approximately 22 kilometres from the airport and 32 kilometres from Kampala. With over five kilometres of lake-frontage, the development provides magnificent views of Lake Victoria.
It is wholly owned by Centum – the largest publicly listed investment company in East Africa; listed on the Nairobi Securities Exchange and the Uganda Securities Exchange Centum invests across three principal business lines; private equity, real estate & investments and quoted private equity.
The development integrates residential, commercial, retail and social/institutional facilities to create a community in which an estimated 20,000 residents can live, play, explore, learn and entertain. The property is to be developed as a premium integrated water front destination, resort town and a premier Uganda tourism asset.
John Rogers, Regional Director, East Africa, comments:
This is our third commission with Centum – a testament to our team’s reputation on the ground and the strength of our relationships. Another fantastic project that adds to our growing expertise in mixed-use projects across East Africa.
Upon completion, Pearl Marina will be the first development of its kind in East Africa. The development will provide premium tourism and residential facilities, including hotels, conference facilities, luxury apartments, villas and marinas, as well as a golf course, hospital, international school, modern office park and a retail centre. Considered as another milestone in the real estate industry, Pearl Marina is expected to enhance the value and price of land in the area and around the shores of Lake Victoria, and boost investor confidence in the market.