Turner & Townsend has announced that its Kenya business is to merge with Nairobi-based project management firm Mentor Management Limited (MML) after Turner & Townsend acquired a majority stake in MML from leading growth markets investor \u2013 Actis.<\/p>\n
The new entity, MML Turner & Townsend, will operate across the real estate, infrastructure and natural resource industries.\u00a0 The merger comes as global investment is fueling Kenya\u2019s diverse economy and\u00a0construction activity, most notably in infrastructure, is being driven by institutional and private investment from overseas.<\/p>\n
Major projects have been helping to grow inbound investments in surrounding construction developments, including: the Northern Corridor Transport Improvement Project (NCTIP); the Lamu Port and Lamu Southern Sudan-Ethiopian Transport Corridor (LAPSSET); Lokichar to Lamu pipeline corridor; the new Mombasa-Nairobi Expressway and the Mombasa-Nairobi Standard Gauge Railway Project.\u00a0 LAPSSET in particular will expand port access to Kenya, boost rail construction and include a pipeline for recently discovered oil in the country.<\/p>\n
\u201cThe merger of our Kenya operation with MML, sees MML Turner & Townsend become the largest independent project and programme management company in East Africa.\u00a0 This is the next step in our Africa expansion plan as we continue to grow across the continent,\u201d says Turner & Townsend Chairman and CEO Vincent Clancy.<\/p>\n
MML which has been operating from Nairobi since 1987 is\u00a0well respected in the commercial and residential sectors, having delivered a number of prestigious projects in Kenya including: Garden City Nairobi \u2013 one of East Africa\u2019s largest shopping malls; an 11,000 sq m cargo handling facility for Swissport and a new chancery for the Australian High Commission.<\/p>\n
\u201cJoining Turner & Townsend is a significant step for our employees and clients.\u00a0 Turner & Townsend\u2019s global expertise combined with MML\u2019s local knowledge and reputation, will deliver a unique proposition to clients,\u201d MML Managing Director John Rogers commented.<\/p>\n
The transaction is subject to regulatory approval.<\/p>\n","protected":false},"excerpt":{"rendered":"