The project, with lighting and a footbridge at the KWS gate, will conclude in 15 months.
Banks are cutting back lending to builders amid fears that they may default on their loans.
The fund has a Sh18 billion annual kitty for investments in Africa.
Proposed estate is targeting middle to upper income earners working at Konza City.
Thomas & Piron Grands Lacs seeks to enter the Kenyan market as a developer and a contractor.
The shilling has lost 28pc of its value since January, battered by double-digit inflation.
The plant will be the first to make photovoltaic (PV) solar panels in the region.
The development spans 41 acres and will comprise 2,500 one-bedroom units.
It has emerged that some of the materials in the market are sub-standard.
The resort will be built in four phases, each taking a year to complete.
Amsons Group offered Sh23.6bn to acquire 100% of Bamburi shares.
The company has secured financial backing for a 300MW geothermal project.
Yapı Merkezi is expected to complete the 272-kilometre railway in 48 months.