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Kenya Real Estate Market Activities Report 2020: The Government had Aimed for 500,000 New Affordable Homes by the End of 2022

Kenya Real Estate Market Activities Report 2020: The Government had Aimed for 500,000 New Affordable Homes by the End of 2022
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Family Bank redeems Sh2bn bond

Family Bank redeems Sh2bn bond
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Centum eyes affordable housing development at Two Rivers

THE STANDARD HOME & AWAY By Correspondent | February 8th 2021 Centum Real Estate Ltd, a subsidiary of Centum Investments Company, has added affordable residential developments in Nairobi to its portfolio by launching the 26 Mzizi Court, a residential project nestled within the 102-acre Two Rivers development. With construction set to take 30 months, Centum Real Estate Managing Director Samuel Kariuki said the 26 Mzizi Court offers a better deal for investors in the country. “It is distinct by being an affordable residential project within the high-end Two Rivers mixed-use development. This will ensure investors earn competitive returns and attractive capital gains from their units,” he said

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Centum bets big on low cost houses

THE STANDARD By Frankline Sunday | December 12th 2020 at 00:00:00 GMT +0300 Businessman Chris Kirubi is investing billions of shillings in affordable housing in a move that will further spread his portfolio and that of his companies across more sectors. This comes as the investment firms, Two Rivers Development and Centum Investment Group, in which Mr Kirubi holds majority stakes, move to divest from commercial property development and into residential housing. In a regulatory filing yesterday, Two Rivers Development revealed it plans to construct affordable home units within its property in Ruaka, along the Northern Bypass. “The project comprises of 1,650 units of one, two and three-bedroom apartments in 14 blocks of 17 floors each,” said the notice.

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