Real Estate firm Cytonn will soon be pouring millions into an undisclosed project in Nakuru county.
Speaking during a Q&A session with stakeholders, CEO Edwin Dande noted that Nakuru is a cosmopolitan that can no longer be ignored.
“Cytonn wants to tap into the vast investment opportunities that Central Rift offers by bringing development expertise and real estate backed investment closer to the target market and also develop relationships in the region,” Dande is quoted by Business Daily.
Nakuru will in the coming days enjoy part of “the project pie” through infrastructure and housing projects. Cytonn since its inception owns over Sh82 billion worth of real estate projects.
Also present was the county deputy Governor Dr Erick Korir who welcomed the move and “investors looking for opportunities to put their money and get good returns.”
This comes a week after Cytonn, authorised by Competition Authority of Kenya, confirmed the acquisition of Nairobi’s luxury hotel-cum-furnished apartments vendor Wasini Resorts.
“For Wasini, we are in discussions with the proprietor, however, transaction details remain undisclosed at this point in time. As developments occur, we shall keep you updated,” the firm’s head of private equity (real estate), Shiv Arora was quoted by a local daily.
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