Approximately US $60m is set to be spent on real estate projects in Central Kenya by Cytonn Investments as part of their expansion objective.
The firm has also opened an office in Nyeri town to help in the development plans and intends opening other offices in coastal, western and North Rift regions before the end of 2018. It brings to 6 the total number of Cytonn Investments Management Plc offices.
Cytonn Investments Management Plc stated: “Cytonn Investments Management Plc opened an office to serve the Mt Kenya region and tap into the vast real estate investment opportunities the region offers. The office aims to serve the region’s growing demand as part of the company’s regional expansion plan.”
Cytonn’s CEO Edwin Dande confirmed that the first phase of the firm’s growth had focused on Nairobi metropolitan, where it has real estate projects worth over US $801m.
About Cytonn investments
Cytonn Investments is an investments and real estate company, with offices in Nairobi – Kenya and DC Metro area – U.S. primarily focused on offering alternative investment solutions to global institutional investors, individual high net-worth investors, local institutional investors and Diaspora investors interested in the East-African region.
They base their alternative investments solutions on four main products: real estate, structured solutions, private equity and advisory.