Politician Behind Multi-Billion Lloyd Masika Real Estate Firm

  • Behind the multi-billion real-estate valuation company, Lloyd Masika, is a Kenyan billionaire and real estate guru David Masika.

    According to the company's website, Lloyd Masika was created after the formal formation of a joint partnership between its two directors, John Lloyd and David Masika in 1979 as a valuation firm.

    Masika is the founding partner and chairman of the firm while Lloyd plays roles in the background as a consultant for the firm following his retirement from active duty.

    He is a Land Economics graduate from the University of Nairobi, a registered and licensed valuer, as well as a real estate agent with vast experience in agricultural valuations, letting of commercial properties and preparation of feasibility studies.

    David Masika is the face behind the multi-billion Lloyd Masika firm.

    He began his career at Tysons Habenga Limited in 1974 as a valuer, before becoming the director in 1978, a post he left in 1979 to form Lloyd Masika Limited where has been for the past 40 years.

    Masika has over his successful career held positions as the Managing Trustee of National Social Security Fund, Managing Director Tana & Athi Rivers Development Authority (TARDA), Chairman of the Kenya Power and Lighting Company, National Bank of Kenya as well as the Chairman of the Board of Kenya Meat Commission.

    He is at the moment the Chairman of Cheshire Disability Services (Kenya) and a Board Member of K-Rep Bank, Nairobi Hospital and Pioneer Holdings Limited.

    Masika has also had his fair share of life in politics, most recently being in 2017 when he declared his interest in vying for the Makueni gubernatorial seat.

    In May of the same year, he lamented that he had been rigged out in favor of current Makueni Governor Kivutha Kibwana and left the Wiper Party to form his own.

    The Lloyd Masika Company has grown in leaps and bounds to handle some of the hottest properties in the Kenya real estate market.

    Some of the property listings handled by Lloyd Masika include Telposta Towers, Crossroad Mall, Sarit Centre, The Mall, Corner House, Stanbank house, Parklands Plaza, Galana plaza, Barclays Plaza, among others.

    The Norfolk towers in Nairobi are also under the care of Lloyd Masika real estate firm.

    The company was also tasked with the sale of Delta Centre in Nairobi's Upperhill in 2013, to the World Bank and International Finance Corporation, which was stated to be one of the largest single sales transaction in the East African region, as well as the sale of pieces of land in Runda, Runda Mimosa and Runda Mumwe. 

    In terms of rentals, the firm is tasked with letting Nanu Apartments off Chaka Road, Longonot Apartments, Norfolk Towers, Arboville Apartments, Nabro Apartments, Duncan Court, Opal Court off State House Road, and Stands Apartments, Dennis print Road.

    At the moment, Lloyd Masika boasts of a property portfolio comprising over 1 million sq.ft. of commercial space and over 800 residential units.