Cytonn Investments on Saturday July 21st held the 2018 third quarter company and market updates at the Alma project site in Ruaka, Kiambu County. The event doubled as an open day to showcase progress in the Alma housing project.
The Alma is a comprehensive residential development with modern one, two and three bedroom apartments. The project is strategically positioned in the heart of the fast-growing Ruaka neighbourhood.
The development is only a 20-minute offpeak drive from Nairobi city centre and 40 minute during rush-hour. The adjacent suburbs such as Runda, Rosslyn and Muthaiga, make the location quite secure and attractive for investors.
The Alma is located on Limuru Road, about 100 metres from the junction of the Northern Bypass, and enjoys close proximity to major retail and commercial facilities such as Two Rivers Mall, Village Market and the Rosslyn Riviera Mall.
Clients and prospective investors got the opportunity to view the complete and fully furnished show houses of the three categories. Once complete, the project amenities will include an elevated playground, a clubhouse, swimming pool and rooftop gardens.
READ: HOUSING PRICES BOUNCE BACK
Early investors in The Alma have seen returns of up to 28% per annum with the project already 55% sold, according to Cytonn management. It is currently 65% done and expected to be completed in the third quarter of 2019.
Also close by are Gertrude’s and Aga Khan hospitals and two international schools – Rosslyn and German academies. Alma has 450 modern apartments with a shopping centre, a lifestyle clubhouse for residents, high levels of security, a borehole that will ensure no water rationing, an elevated playground for children and ample parking.
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