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CategoriesMedia Appearances and Mentions Properties

Getting candid with Myspace Properties CEO Mwenda Thuranira

Myspace Properties helps buyers, investors, owners and developers meet their needs.

“Our mission is to be the first pick when it comes to you venturing into real estate, property development and the housing industry in Kenya. Our aim is to deliver to you the best services and cater for the real estate boom in Kenya; specifically Mombasa,” says Thuranira.

The firm’s website attracts over 5,000,000 unique hits per month ensuring properties for sale get the best visibility.

Recently, the firm partnered with Cytonn investments in a bid to bring together investors to finance development and landowners in the county in order to boost real estate development on Kenya’s Coast.

Thuranira shares with Capital FM Business about his entrepreneurship journey.

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We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods at the foot of the hill. We pushed through these towards the railway without meeting a soul. The woods across the line were but the scarred and blackened ruins of woods; for the most part the trees had fallen, but a certain proportion still stood, dismal grey stems, with dark brown foliage instead of green.

On our side the fire had done no more than scorch the nearer trees; it had failed to secure its footing. In one place the woodmen had been at work on Saturday; trees, felled and freshly trimmed, lay in a clearing, with heaps of sawdust by the sawing-machine and its engine. Hard by was a temporary hut, deserted. There was not a breath of wind this morning, and everything was strangely still. Even the birds were hushed, and as we hurried along I and the artilleryman talked in whispers and looked now and again over our shoulders. Once or twice we stopped to listen.

After a time we drew near the road, and as we did so we heard the clatter of hoofs and saw through the tree stems three cavalry soldiers riding slowly towards Woking. We hailed them, and they halted while we hurried towards them. It was a lieutenant and a couple of privates of the 8th Hussars, with a stand like a theodolite, which the artilleryman told me was a heliograph.

We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods at the foot of the hill. We pushed through these towards the railway without meeting a soul. The woods across the line were but the scarred and blackened ruins of woods; for the most part the trees had fallen, but a certain proportion still stood, dismal grey stems, with dark brown foliage instead of green.

On our side the fire had done no more than scorch the nearer trees; it had failed to secure its footing. In one place the woodmen had been at work on Saturday; trees, felled and freshly trimmed, lay in a clearing, with heaps of sawdust by the sawing-machine and its engine. Hard by was a temporary hut, deserted. There was not a breath of wind this morning, and everything was strangely still. Even the birds were hushed, and as we hurried along I and the artilleryman talked in whispers and looked now and again over our shoulders. Once or twice we stopped to listen.

After a time we drew near the road, and as we did so we heard the clatter of hoofs and saw through the tree stems three cavalry soldiers riding slowly towards Woking. We hailed them, and they halted while we hurried towards them. It was a lieutenant and a couple of privates of the 8th Hussars, with a stand like a theodolite, which the artilleryman told me was a heliograph.

CategoriesHome Design

Real estate gives pilot solid financial footing

When Mr Mwenda Thuranira arrived in Mombasa in March 2008, he did not even know the geography of the place well.

Getting an office to do his work was not an easy task and he had to first settle in a small room near the port for two months before acquiring a better place.

That was three years ago. Mr Thuranira is now the managing director of Myspace Properties, one of the flourishing real estate businesses in the coast region.

The man, who first studied to a pilot before changing his career to pursue a course in real estate investment worked in the USA for eight years before flying back home to start the long process of establishing his now multi-million shilling empire, Myspace Properties.

He shares his story on making money in the real estate business.

Does it pay to invest in real restate?

Yes, it does. However, though there are plenty of opportunities for making big gains, buying and owning real estate is a lot more complicated than investing in stocks and bonds. One has to be very creative. Those who understand the business well will tell you that there is good money investing in property.

Does working with other people influence the way you make money?

This depends on the people one chooses to work with. Committed workers can grow the business but those who take you for granted can derail your efforts. I have a group of dedicated individuals in my company.

What is your company’s monthly net-worth?

Between Sh50 million to Sh60 million. But this also depends on the number of clients I get every month, and like most other businesses, we also make loses. There is no direct road for success in business. To make a good profit, you have to be strong and patient.

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We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods at the foot of the hill. We pushed through these towards the railway without meeting a soul. The woods across the line were but the scarred and blackened ruins of woods; for the most part the trees had fallen, but a certain proportion still stood, dismal grey stems, with dark brown foliage instead of green.

On our side the fire had done no more than scorch the nearer trees; it had failed to secure its footing. In one place the woodmen had been at work on Saturday; trees, felled and freshly trimmed, lay in a clearing, with heaps of sawdust by the sawing-machine and its engine. Hard by was a temporary hut, deserted. There was not a breath of wind this morning, and everything was strangely still. Even the birds were hushed, and as we hurried along I and the artilleryman talked in whispers and looked now and again over our shoulders. Once or twice we stopped to listen.

After a time we drew near the road, and as we did so we heard the clatter of hoofs and saw through the tree stems three cavalry soldiers riding slowly towards Woking. We hailed them, and they halted while we hurried towards them. It was a lieutenant and a couple of privates of the 8th Hussars, with a stand like a theodolite, which the artilleryman told me was a heliograph.

We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods at the foot of the hill. We pushed through these towards the railway without meeting a soul. The woods across the line were but the scarred and blackened ruins of woods; for the most part the trees had fallen, but a certain proportion still stood, dismal grey stems, with dark brown foliage instead of green.

On our side the fire had done no more than scorch the nearer trees; it had failed to secure its footing. In one place the woodmen had been at work on Saturday; trees, felled and freshly trimmed, lay in a clearing, with heaps of sawdust by the sawing-machine and its engine. Hard by was a temporary hut, deserted. There was not a breath of wind this morning, and everything was strangely still. Even the birds were hushed, and as we hurried along I and the artilleryman talked in whispers and looked now and again over our shoulders. Once or twice we stopped to listen.

After a time we drew near the road, and as we did so we heard the clatter of hoofs and saw through the tree stems three cavalry soldiers riding slowly towards Woking. We hailed them, and they halted while we hurried towards them. It was a lieutenant and a couple of privates of the 8th Hussars, with a stand like a theodolite, which the artilleryman told me was a heliograph.

CategoriesHome Design Media Appearances and Mentions Properties

Meet the real estate mogul who has changed the face of Mombasa

Decent houses are no longer just simple structures, with time they have evolved to become a status statement; the epitome of affluence, sophistication and class.

It is for this reason that the name Mwenda Thuranira, the CEO of Myspace Properties, comes to mind when one thinks of owning a decent house.

He went through the normal phase of career indecision’s like most of us do, from working with Air France in customer service, taking an aviation course in Orlando, a construction and real estate course in Texas before eventually making a breakthrough and returning to Kenya in 2008.

Nairobi News spoke to the real estate mogul who is largely credited with steadily changing the face of Mombasa.

1. What are the challenges of running a real estate company in Kenya?

What is challenging is that there are no systems especially in the real estate market. Knowledge is not sufficient. That is why there are so many cases of people getting conned by ‘clever’ people. I can attest to that for I was conned when I came back from the US and only because there are no proper channels. It was a very expensive lesson I learnt.

2. How do you handle your failures in life?

To me, failures are like stop signs that tell me I am moving too fast and I need to take a pose. They remind me that I need to look left and right before moving forward. To handle my failures I usually make a tally, if I try ten things and fail in three and succeed in seven then I am OK.

3. What dictates how far one goes in real estate?

It is a tough world out their but at the end of the day it is your determination, zeal, persistence, luck and being at the right place at the right time. People also play a major factor and the ability to communicate.

4. How do you unwind?

I like traveling because this is how you get new and fresh ideas. I must visit the gym in the morning at least for an hour for some aerobics and cardio exercise. I read about investments and real estate and also spend a lot of time on YouTube watching people around the world who are on the real estate business. I also love to watch these Mafia movies or cartels. If I believe in reincarnation I think when I die I would come back as a Don or leader of a Mafia group.

5. What is your greatest insecurity?

I fear poverty. Financial freedom to me is the ability to go down and come back up again. Take for example if the peaceful stability of our country changed and we all had to be refugees in a foreign country, I think of how I would be able to build a business at the refugee camp.

6. Being a real estate guru, how comfortable is your house?

It is nothing much but it serves its purpose. It’s a beach apartment and I know what you were thinking that it must be a mansion of some kind – with big manicured lawns – but I think as a business man do I’d rather stay in one or sell one and enjoy the commission.

7. What are some of the golden listings you have in your pocket right know?

We have the one Twiga Apartments that is 60% sold, Nyali View Park, Links Plaza on Links Road, English Point Marina among others.

8. How do you find equilibrium in your life?

My family gives me equilibrium, my wife and three children. To me they are a clear indication that I have to be responsible at the end of the day, because if I mess up my life I mess up theirs too. I have to act as a moral compass to them.

9. Do you think you are a good father?

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We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods at the foot of the hill. We pushed through these towards the railway without meeting a soul. The woods across the line were but the scarred and blackened ruins of woods; for the most part the trees had fallen, but a certain proportion still stood, dismal grey stems, with dark brown foliage instead of green.

On our side the fire had done no more than scorch the nearer trees; it had failed to secure its footing. In one place the woodmen had been at work on Saturday; trees, felled and freshly trimmed, lay in a clearing, with heaps of sawdust by the sawing-machine and its engine. Hard by was a temporary hut, deserted. There was not a breath of wind this morning, and everything was strangely still. Even the birds were hushed, and as we hurried along I and the artilleryman talked in whispers and looked now and again over our shoulders. Once or twice we stopped to listen.

After a time we drew near the road, and as we did so we heard the clatter of hoofs and saw through the tree stems three cavalry soldiers riding slowly towards Woking. We hailed them, and they halted while we hurried towards them. It was a lieutenant and a couple of privates of the 8th Hussars, with a stand like a theodolite, which the artilleryman told me was a heliograph.

We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods at the foot of the hill. We pushed through these towards the railway without meeting a soul. The woods across the line were but the scarred and blackened ruins of woods; for the most part the trees had fallen, but a certain proportion still stood, dismal grey stems, with dark brown foliage instead of green.

On our side the fire had done no more than scorch the nearer trees; it had failed to secure its footing. In one place the woodmen had been at work on Saturday; trees, felled and freshly trimmed, lay in a clearing, with heaps of sawdust by the sawing-machine and its engine. Hard by was a temporary hut, deserted. There was not a breath of wind this morning, and everything was strangely still. Even the birds were hushed, and as we hurried along I and the artilleryman talked in whispers and looked now and again over our shoulders. Once or twice we stopped to listen.

After a time we drew near the road, and as we did so we heard the clatter of hoofs and saw through the tree stems three cavalry soldiers riding slowly towards Woking. We hailed them, and they halted while we hurried towards them. It was a lieutenant and a couple of privates of the 8th Hussars, with a stand like a theodolite, which the artilleryman told me was a heliograph.

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We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods at the foot of the hill. We pushed through these towards the railway without meeting a soul. The woods across the line were but the scarred and blackened ruins of woods; for the most part the trees had fallen, but a certain proportion still stood, dismal grey stems, with dark brown foliage instead of green.

On our side the fire had done no more than scorch the nearer trees; it had failed to secure its footing. In one place the woodmen had been at work on Saturday; trees, felled and freshly trimmed, lay in a clearing, with heaps of sawdust by the sawing-machine and its engine. Hard by was a temporary hut, deserted. There was not a breath of wind this morning, and everything was strangely still. Even the birds were hushed, and as we hurried along I and the artilleryman talked in whispers and looked now and again over our shoulders. Once or twice we stopped to listen.

After a time we drew near the road, and as we did so we heard the clatter of hoofs and saw through the tree stems three cavalry soldiers riding slowly towards Woking. We hailed them, and they halted while we hurried towards them. It was a lieutenant and a couple of privates of the 8th Hussars, with a stand like a theodolite, which the artilleryman told me was a heliograph.

We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods at the foot of the hill. We pushed through these towards the railway without meeting a soul. The woods across the line were but the scarred and blackened ruins of woods; for the most part the trees had fallen, but a certain proportion still stood, dismal grey stems, with dark brown foliage instead of green.

On our side the fire had done no more than scorch the nearer trees; it had failed to secure its footing. In one place the woodmen had been at work on Saturday; trees, felled and freshly trimmed, lay in a clearing, with heaps of sawdust by the sawing-machine and its engine. Hard by was a temporary hut, deserted. There was not a breath of wind this morning, and everything was strangely still. Even the birds were hushed, and as we hurried along I and the artilleryman talked in whispers and looked now and again over our shoulders. Once or twice we stopped to listen.

After a time we drew near the road, and as we did so we heard the clatter of hoofs and saw through the tree stems three cavalry soldiers riding slowly towards Woking. We hailed them, and they halted while we hurried towards them. It was a lieutenant and a couple of privates of the 8th Hussars, with a stand like a theodolite, which the artilleryman told me was a heliograph.

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We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods at the foot of the hill. We pushed through these towards the railway without meeting a soul. The woods across the line were but the scarred and blackened ruins of woods; for the most part the trees had fallen, but a certain proportion still stood, dismal grey stems, with dark brown foliage instead of green.

On our side the fire had done no more than scorch the nearer trees; it had failed to secure its footing. In one place the woodmen had been at work on Saturday; trees, felled and freshly trimmed, lay in a clearing, with heaps of sawdust by the sawing-machine and its engine. Hard by was a temporary hut, deserted. There was not a breath of wind this morning, and everything was strangely still. Even the birds were hushed, and as we hurried along I and the artilleryman talked in whispers and looked now and again over our shoulders. Once or twice we stopped to listen.

After a time we drew near the road, and as we did so we heard the clatter of hoofs and saw through the tree stems three cavalry soldiers riding slowly towards Woking. We hailed them, and they halted while we hurried towards them. It was a lieutenant and a couple of privates of the 8th Hussars, with a stand like a theodolite, which the artilleryman told me was a heliograph.

We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods at the foot of the hill. We pushed through these towards the railway without meeting a soul. The woods across the line were but the scarred and blackened ruins of woods; for the most part the trees had fallen, but a certain proportion still stood, dismal grey stems, with dark brown foliage instead of green.

On our side the fire had done no more than scorch the nearer trees; it had failed to secure its footing. In one place the woodmen had been at work on Saturday; trees, felled and freshly trimmed, lay in a clearing, with heaps of sawdust by the sawing-machine and its engine. Hard by was a temporary hut, deserted. There was not a breath of wind this morning, and everything was strangely still. Even the birds were hushed, and as we hurried along I and the artilleryman talked in whispers and looked now and again over our shoulders. Once or twice we stopped to listen.

After a time we drew near the road, and as we did so we heard the clatter of hoofs and saw through the tree stems three cavalry soldiers riding slowly towards Woking. We hailed them, and they halted while we hurried towards them. It was a lieutenant and a couple of privates of the 8th Hussars, with a stand like a theodolite, which the artilleryman told me was a heliograph.

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We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods at the foot of the hill. We pushed through these towards the railway without meeting a soul. The woods across the line were but the scarred and blackened ruins of woods; for the most part the trees had fallen, but a certain proportion still stood, dismal grey stems, with dark brown foliage instead of green.

On our side the fire had done no more than scorch the nearer trees; it had failed to secure its footing. In one place the woodmen had been at work on Saturday; trees, felled and freshly trimmed, lay in a clearing, with heaps of sawdust by the sawing-machine and its engine. Hard by was a temporary hut, deserted. There was not a breath of wind this morning, and everything was strangely still. Even the birds were hushed, and as we hurried along I and the artilleryman talked in whispers and looked now and again over our shoulders. Once or twice we stopped to listen.

After a time we drew near the road, and as we did so we heard the clatter of hoofs and saw through the tree stems three cavalry soldiers riding slowly towards Woking. We hailed them, and they halted while we hurried towards them. It was a lieutenant and a couple of privates of the 8th Hussars, with a stand like a theodolite, which the artilleryman told me was a heliograph.

We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods at the foot of the hill. We pushed through these towards the railway without meeting a soul. The woods across the line were but the scarred and blackened ruins of woods; for the most part the trees had fallen, but a certain proportion still stood, dismal grey stems, with dark brown foliage instead of green.

On our side the fire had done no more than scorch the nearer trees; it had failed to secure its footing. In one place the woodmen had been at work on Saturday; trees, felled and freshly trimmed, lay in a clearing, with heaps of sawdust by the sawing-machine and its engine. Hard by was a temporary hut, deserted. There was not a breath of wind this morning, and everything was strangely still. Even the birds were hushed, and as we hurried along I and the artilleryman talked in whispers and looked now and again over our shoulders. Once or twice we stopped to listen.

After a time we drew near the road, and as we did so we heard the clatter of hoofs and saw through the tree stems three cavalry soldiers riding slowly towards Woking. We hailed them, and they halted while we hurried towards them. It was a lieutenant and a couple of privates of the 8th Hussars, with a stand like a theodolite, which the artilleryman told me was a heliograph.

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We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods at the foot of the hill. We pushed through these towards the railway without meeting a soul. The woods across the line were but the scarred and blackened ruins of woods; for the most part the trees had fallen, but a certain proportion still stood, dismal grey stems, with dark brown foliage instead of green.

On our side the fire had done no more than scorch the nearer trees; it had failed to secure its footing. In one place the woodmen had been at work on Saturday; trees, felled and freshly trimmed, lay in a clearing, with heaps of sawdust by the sawing-machine and its engine. Hard by was a temporary hut, deserted. There was not a breath of wind this morning, and everything was strangely still. Even the birds were hushed, and as we hurried along I and the artilleryman talked in whispers and looked now and again over our shoulders. Once or twice we stopped to listen.

After a time we drew near the road, and as we did so we heard the clatter of hoofs and saw through the tree stems three cavalry soldiers riding slowly towards Woking. We hailed them, and they halted while we hurried towards them. It was a lieutenant and a couple of privates of the 8th Hussars, with a stand like a theodolite, which the artilleryman told me was a heliograph.

We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods at the foot of the hill. We pushed through these towards the railway without meeting a soul. The woods across the line were but the scarred and blackened ruins of woods; for the most part the trees had fallen, but a certain proportion still stood, dismal grey stems, with dark brown foliage instead of green.

On our side the fire had done no more than scorch the nearer trees; it had failed to secure its footing. In one place the woodmen had been at work on Saturday; trees, felled and freshly trimmed, lay in a clearing, with heaps of sawdust by the sawing-machine and its engine. Hard by was a temporary hut, deserted. There was not a breath of wind this morning, and everything was strangely still. Even the birds were hushed, and as we hurried along I and the artilleryman talked in whispers and looked now and again over our shoulders. Once or twice we stopped to listen.

After a time we drew near the road, and as we did so we heard the clatter of hoofs and saw through the tree stems three cavalry soldiers riding slowly towards Woking. We hailed them, and they halted while we hurried towards them. It was a lieutenant and a couple of privates of the 8th Hussars, with a stand like a theodolite, which the artilleryman told me was a heliograph.

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+254 734 555 556

Mombasa and Nairobi, Kenya

email

info@myspace.co.ke

about us

My Space Properties is a real Estate and Property firm that offers a unique and unprecedented value proposition covering all the core skills and requirements fundamental to the success of a real estate venture.

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