Developer Hands Over Phase II of Its Ksh 5 Billion Flagship Project

Corporate News

Cytonn Real Estate, the development affiliate of Cytonn Investments, handed over the second phase of its Kshs 5 Billion Flagship Project, The Alma on Thursday 29th October 2020.

In an event that saw the attendance of Kiambu Governor, His Excellency Dr. James Nyoro, the buyers got keys to Cytonn Real Estate’s flagship residential development in the high growth Ruaka town. The Alma is Cytonn Real Estate’s latest handed over project.

Majority of urban dwellers in Nairobi live in very basic dwellings without comprehensive lifestyle amenities, reliable water and power supply. Cytonn Investments seeks to address this problem by building comprehensive lifestyle developments, such as The Alma.

L R Cytonn Investments Chairman Prof. Daniel Mugendi and Kiambu County Governor James Nyoro during the handing over ceremony of the Ksh 5 billion Alma Phase 2 in Ruaka
Cytonn Investments Chairman Prof. Daniel Mugendi and Kiambu County Governor James Nyoro during the handing over ceremony of the Ksh 5 billion Alma Phase 2 in Ruaka. PHOTO/COURTESY

 

In his address, Cytonn Group Chief Executive Officer (CEO) Edwin Dande assured of the company’s dedication to invest in high yielding products with the Alma being a testament to that.

“A lot of research went into our decision to build The Alma. Ruaka has one of the highest residential occupancies in the country. As the town grows, there is increased demand for housing with superior amenities, great finishes and strategic location,”

Mr Dande said.

L R Kiambu County Governor James Nyoro Cytonn Investments Chairman Prof. Daniel Mugendi Cytonn Investments CEO Edwin Dande during handing over of the Sh5 billion Alma Phase 2 Ruaka
L R Kiambu County Governor James Nyoro Cytonn Investments Chairman Prof. Daniel Mugendi Cytonn Investments CEO Edwin Dande during handing over of the Sh5 billion Alma Phase 2. PHOTO/COURTESY

 

In his part, Kiambu governor James Nyoro applauded Cytonn Real Estate for its work in developing Kiambu county.

“We have grown as a county and we are always appreciative to developers like Cytonn Real Estate for coming in and helping in development of the county. Kiambu has so much potential and its development has been steady especially Ruaka town which has developed to become a residential haven,”

the governor noted.

Cytonn Investments Chairman Prof. Daniel MugendiFar leftKiambu Governor James Nyoro Centre handing over keys to homeowners during the Alma phase 2 handover ceremony
Cytonn Investments Chairman Prof. Daniel MugendiFar leftKiambu Governor James Nyoro Centre handing over keys to homeowners during the Alma phase 2 handover ceremony. PHOTO/COURTESY

 

Plans are already underway for the final phase of the masterpiece that is the Alma. Cytonn Real Estate continues to build next-generation developments in the country as it attempts to help Kenya achieve its Affordable Housing agenda.

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