A targeted KSh 110 million financing package is facilitating the construction of Seven Oaks School, a British-curriculum institution positioned as the educational anchor for the mixed-use Brookview Membley development in Ruiru, a fast-growing suburban market.
The funding is provided by Co-operative Bank of Kenya, which structured the support to align with the project’s phased delivery, reflecting confidence in Eboss Investments’ execution track record and the broader potential of the local property ecosystem.
Co-op Bank allocated KSh 80 million through a mortgage facility specifically for the school’s construction, while a revolving term loan of KSh 30 million is designated for fit-outs and finishing works for the 143-unit residential component already underway.
The dual-structure approach is designed to accelerate timelines, ensure phased delivery, and mitigate financial bottlenecks commonly associated with large-scale mixed-use developments in Kenya’s competitive real estate sector.
“Our financing approach follows the project’s natural growth. Once Eboss proved their ability to deliver in earlier phases, we structured support for the school phase through a mortgage facility,” said Vincent Kihara, Head of Mortgage Finance at Co-operative Bank, explaining the bank’s methodology for aligning funding with tangible progress.
“It’s a model that ensures sustainable delivery while matching financing to real progress on the ground. We continuously want to stamp our support towards youth-led developments.”
Construction commenced following a groundbreaking ceremony marking Phase 4 of the Brookview Membley development, which also incorporates residential housing, a commercial hub, and recreational amenities.
The educational facility is intended to serve both the residents of the estate and the surrounding communities, reinforcing the long-term value proposition of the integrated development.
Geoffrey Gitaka, Director at Eboss Investments, described the partnership with Co-op Bank as integral to operational execution.
“Co-operative Bank has walked with us from the beginning – they sat down with us, analyzed our vision, and recognized that we had something solid,” he said, explaining how the relationship has evolved beyond financing into strategic collaboration.
“For us, this is more than just a loan – it’s a strong partnership for the long journey ahead, linking our developments to their client base and growth trajectory.”
Since 2018, Eboss Investments has delivered Phases 1-3 of Brookview Membley using a combination of family resources and buyers’ deposits, including 20 four-bedroom, all-ensuite townhouses with DSQs in Phase 3, ranging from 250 to 330 sqm and priced between KSh 33 million and KSh 35 million.
The new phase adds educational infrastructure to complement the existing residential and commercial assets, enhancing the estate’s positioning in Ruiru’s expanding property market.
Co-operative Bank, listed on the Nairobi Securities Exchange since 2008, operates a network of 212 branches in Kenya, five in South Sudan, over 600 ATMs and CDMs, and more than 15,000 Co-op Kwa Jirani agency outlets.
The institution continues to leverage its financial and operational scale to support structured real estate investments, providing capital solutions tailored to phased developments while promoting broader community and economic value.
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