”Africa’s young population is growing rapidly, with university enrollment rates increasing significantly in recent years. Providing this demographic with modern, affordable housing is critical – and these spaces must do more than merely house people. They should create environments where young people can thrive both personally and professionally,” said Bobby Patel, Global Head of CrossBoundary Real Estate
Investment firm CrossBoundary Group has unveiled a new residential complex in Nairobi, aiming to meet the increasing demand for affordable and dignified accommodation for young people in Kenya’s urban centres. Through its subsidiary, CrossBoundary Real Estate, the company has introduced Mosaic Coliving Residences, a modern 70-person residential complex located in Parklands. The facility focuses on creating living spaces that foster community and professional growth for students and young professionals.
With the launch of the Parklands location, CrossBoundary announced plans to expand to other prime locations across Nairobi. “Africa’s young population is growing rapidly, with university enrollment rates rising significantly in recent years. Providing this demographic with modern, affordable housing is critical – and these spaces must do more than just house people. They create environments where young people can thrive personally and professionally,” noted Bobby Patel, Global Head of CrossBoundary Real Estate.
The Parklands residence offers three fully furnished room categories – Standard, Deluxe, and Premier – with flexible single and shared occupancy options starting from Ksh 15,000 per month. Beyond comfortable living spaces, Mosaic provides comprehensive amenities, including high-speed WiFi, 24/7 security, utilities, appliances, and professional services. The concept embodies a “Connect, Live, Thrive” philosophy for residents.
“The supply-demand gap for affordable housing in underserved markets presents a compelling investment opportunity. With Mosaic, CrossBoundary Real Estate demonstrates that innovative solutions can deliver quality housing at accessible price points, even in markets where real estate development costs are traditionally high,” commented Tom Flahive, Managing Partner, CrossBoundary Group. CrossBoundary Real Estate, a subsidiary of CrossBoundary Group, joins other firms such as Qwetu and Kivu, which specialize in student accommodation.
