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How Cytonn snared investors in massive real estate losses

Court orders Cytonn pay investor Sh2m in arbitration award

The High Court of Kenya has ordered Cytonn Investments Management Plc to pay an arbitral award of more than Sh2 million.

Cytonn Hands Over 120 Units Of Its Comprehensive-Lifestyle Masterpiece Project

Cytonn Hands Over 120 Units Of Its Comprehensive-Lifestyle Masterpiece Project By Cytonn Investments / Published December 22, 2020 | 1:15 pm Cytonn Real Estate, the development affiliate of Cytonn Investments Management Plc, handed over the third phase of its Ksh 5 billion flagship project, The Alma. The real estate developer has delivered this phase of the project in just under two months after handing over phase II of the same. Phase I was 100% sold out by the date of the handover with phase II already gathering almost half occupancy rate. Speaking at the handover ceremony held at the Alma in Ruaka, Chairman of the Cytonn Board and Vice-Chancellor at The University of Embu, Prof. Daniel Mugendi, applauded the project’s progress and the speed it has been developed.

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