REAL ESTATE

Cytonn firms up investment in real estate

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Cytonn Investments Chief Executive Officer Edwin H. Dande. PHOTO / BUSINESS TODAY
Cytonn Investments Chief Executive Officer Edwin H. Dande. PHOTO / BUSINESS TODAY
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Cytonn Investments Plc yesterday held an open day for investment analysts and investors, at it steps up its assault on the market. The meeting, held at Intercontinental Hotel in Nairobi, provided an opportunity for various stakeholders to understand its operating framework.

The management explained how Cytonn finances real estate projects, its diversification strategy and governance structure. The participants were also taken through the various ways the company delivers competitive returns to clients.

Speaking during the event, Cytonn Investments CEO Edwin Dande said the company had brought into the market a competitive way of investing that had attracted investors looking for superior returns.

“Everybody does real estate but very few develop real estate at the interest of the client as opposed to individual interest,” Mr Dande said. “As a team, we came together to form the Cytonn brand with the goal of raising money from our clients and deploying it primarily in real estate based solely on our intellectual capacity and ability to execute.”

Cytonn Investment plans to invest 85%, or Ksh70 billion, of its total investment portfolio in real estate, targeting Kenya’s Big Four agenda’s affordable housing programme. The company said it welcomes the incentives offered by the Government and that it will develop houses that target the low and mid-end users of affordable housing.

The planned housing units will be built in satellite areas around Nairobi which have facilities such as roads, communication, electricity, security and water.

RELATED: CYTONN SECURES KSH2.1 BILLION FOR REAL ESTATE INVESTMENT

“A competitive idea is always resisted by the existing market players,” Mr Dande said. “But as long as not a single client has so far registered being unhappy, losing money or being unable to withdraw their investment at any one time, we shall continue to execute and deliver to our promise. The team’s expertise and market knowledge enable us to offer investors higher yields than the market average.”

SEE ALSO: INDIAN INVASION LINK TO JUBILEE INSURANCE CEO RESIGNATION

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editor [at] businesstoday.co.ke

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