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Cytonn enters Nakuru as regional expansion gathers pace

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Cytonn Investments Management Plc on Friday Sept. 14th opened an office in Nakuru to serve the Central Rift region and tap into the vast real estate investment opportunities in the area. The office, located on Westside Mall, is part of the company’s expansion plan.

This brings to seven the total number of offices Cytonn currently operates in Kenya. “This office brings development expertise closer to the target market,” Cytonn’s Chief Executive Officer Edwin H. Dande said during the launch.

“We spent the first phase of our growth focusing on Nairobi Metropolitan area, where we now have over Ksh82 billion of real estate projects. Our clients, especially the institutional clients are now demanding diversification both locally and into other African markets.”

Mr Dande said this would be followed by Western, Coast and North Rift regions by the end of this year. In Sub Saharan Africa, he said, Cytonn is looking to venture into Uganda, Tanzania and Rwanda in the East Africa as well as Ghana and Nigeria in West Africa.

“We already have strong partners in all the markets and an active deal pipeline,” he said.

Nakuru County Governor Lee Kinyanjui, who was the chief guest said they were open to partner with investors looking for opportunities in Nakuru County. “Nakuru is a growing town that needs improved real estate infrastructure across the various real estate themes,” said Mr Kinyanjui.

Currently, Cytonn Investments Management has eight offices including Liaison House on State House road, The Chancery on Valley Road, Fedha in Westlands, Adlife in Kilimani, Sohan Plaza in Nyeri, Westside Mall in Nakuru, Centre Court in Kisumu and the Diaspora Office in DC Metro in the United States of America.

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BT Reporter
BT Reporterhttp://www.businesstoday.co.ke
editor [at] businesstoday.co.ke
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