LV Marina

LV Marina is a mixed-use development under construction in Kisumu, Kenya, on the shores of Lake Victoria. The project spans 285 acres (approximately 115 hectares) on the former site of the Kisumu molasses plant, an industrial parcel that was later repurposed for large-scale real estate. It is being developed by GulfCap Real Estate in partnership with the Odinga family, who own the land and initiated the conversion. The groundbreaking ceremony took place in January 2025. According to Construction Kenya, the first phase is expected to span six years from that date. Press estimates place the total investment between KES 120 billion and KES 128 billion for the entire scheme. The site is designed as a master-planned community integrating residences, commerce, services and leisure within a single boundary.

GulfCap Real Estate is the lead developer of the scheme. The company is led by chief executive Chris Ochieng and chairman Suleiman Shahbal, according to detailed industry press reports. The developer anticipates a resident population of more than 15,000 people once the community is fully built out and occupied. The residential offering comprises several distinct typologies: spacious waterfront villas overlooking Lake Victoria, maisonettes, townhouses, row houses and apartments in various configurations to suit different household sizes and income levels.

Commercial spaces include a retail center, an airport hotel, office parks, restaurants and light industrial parks intended for local business activity and employment generation. The project also integrates social and health facilities, including a school and a hospital available to future residents and workers on site. Planned recreational amenities comprise extensive landscaped parks, a marina with boating facilities, a convention center for professional and social events, jogging tracks along the lake and outdoor gyms for public use.

Security is provided by gated precincts with controlled vehicle and pedestrian access and continuous 24/7 surveillance throughout the entire site. The developer's website mentions trained security personnel, well-lit pathways and monitored entry points at all times of day and night. The stated aim is to maintain a secure environment for residential homes, commercial operations and leisure precincts alike, reducing risks for families and businesses operating within the development.

The location places the site five minutes by road from Kisumu International Airport, ten minutes from Kisumu Port and twenty minutes from Impala Park by car. Nyanza Golf Club, Kisumu City center and Dunga Beach Park are in the immediate vicinity, offering additional leisure options for residents and visitors. This lakeside position, adjacent to the water and close to land, sea and air transport infrastructure, defines the geographic scope of the project and its regional connectivity to western Kenya.

GulfCap Real Estate does not publish the total number of residential units to be delivered, the exact floor areas for each housing typology, or individual sale and rental prices. Press reports mention a target of 1,200 affordable housing units within the broader scheme. Precise delivery timelines by construction phase or building typology are also not disclosed to the public. To obtain this information, prospective buyers and tenants must contact GulfCap Real Estate directly through the contact form or WhatsApp chat available on its official website.