How Centum Has Helped Families Acquire Their Dream Homes
Over the years, Centum Investment Company Limited through its real estate arm, Centum Re, has helped many families not only in Kenya but East Africa at large to acquire their dream homes through its numerous affordable housing projects such as Riverbank and Cascadia apartments situated in Gigiri Nairobi, 1255 Palm Ridge apartments and Awali estate in Vipingo, 256 Bella Vista apartments and Riviera Town houses in Uganda just to mention but a few. Through these projects, the company has been able to develop adequate, standardized and well-spaced houses which are readily available to both the lower, middle and upper class in the society as well as creating an enabling environment or an investment channel for other investors.
Recently, the Nairobi Securities Exchange (NSE) listed firm’s real estate arm handed over the keys to 60 buyers of its luxury apartments located at the Two Rivers mixed-use development. The development, named Riverbank, was completed in 14 months and is located in Nairobi’s affluent Blue Diplomatic Zone residential district. Some families have already occupied their units with 70 per cent of the total 84 units sold out and the remaining units booked by buyers. The project, the first residential one in the Two Rivers ecosystem, consists of one-, two- and three-bedroom apartments with prices ranging between Sh15 million and Sh30 million. Riverbank is the new addition to over 600 residential houses that Centum has recently handed over to buyers in Kenya and Uganda.
“Centum Real Estate has continued to grow its market-trusted brand with a proven delivery track record that continues to provide investors a platform to own houses affordably through flexible payment terms that are intended to increase homeownership in the region,” said Centum Real Estate Managing Director Samuel Kariuki.
The firm has cut a niche as a developer of mixed-use urban nodes with large developments in Nairobi, Kilifi and Entebbe in Uganda.
NSE Chief Executive Geoffrey Odundo said the timely completion of the project was a testament to the bourse’s powerful facilitative role for real estate developers to access capital.
“This, in turn, has created thousands of direct and indirect employment opportunities through the entire real estate value chain and has served as a catalyst for economic empowerment,” he said while officiating the official launch of Riverbank apartments.
Two Rivers development has had a significant impact on the local economy since its inception, attracting over Sh20 billion in foreign direct investments and creating over 5,000 jobs during the construction of the mall, offices, a 3-star hotel and residential units.
Centum’s track record assures its investors of quality, value for money, timely handover of projects and a return on their investment.