Cytonn's The Alma in Ruaka. The company has launched a regulated fund to finance affordable housing. www.businesstoday.co.ke
Cytonn's The Alma in Ruaka. The company has launched an affordable housing savings plan. Photo/ Kevin Namunwa - Business Today

Cytonn Real Estate, the real estate development arm of Cytonn Investments, has been recognized by the International Finance Magazine as the Most Innovative Community Developer in the mixed-use category in Kenya.

The recognition was awarded at the International Finance Awards that took place on the 18th of November 2019. The Most Innovative Community Developer Award is given to companies that demonstrate excellence in the residential and commercial property space in emerging markets.

The Alma is one of Cytonn Real Estate project that comprises an impressive list of amenities including a retail center, gym, swimming pool, nursery school, and elevated gardens, to name just a few.

Great living experience

Cytonn Senior Manager Daniel Mainye said mixed-use developments are meant to be self-sufficient such that residents do not have to go outside the development to get certain goods or services to make their living experience complete.

“We took this into account and decided to bring everything closer to our residents. This award recognizes The Alma for what it is – a comprehensive well-designed development. This makes it a great investment. In fact, early investors already got up to 55% capital appreciation,” Mr Mainye said.

According to The Alma’s Project Manager, Yvonne Ondego, mixed-use developments make the best use of land and create an environment where residents can live, work, access entertainment facilities, shop, and study.

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“Mixed-use developments could be the future of residential real estate and the future has been brought nearer with the construction of The Alma,” Yvonne commented.

Cytonn Real Estate Projects

This award comes at a time when Cytonn is progressing with the construction of The Alma Phase 2 in the fast-growing Ruaka neighbourhood after the completion and handover of Phase 1 earlier this year.

This represents Cytonn Real Estate projects desire to develop structures that meet and exceed client’s needs. Other projects in Cytonn Real Estate’s impressive portfolio are Amara Ridge in Karen, which was completed and handed over in 2018, The Ridge, RiverRun, Taraji Heights, Applewood and NewTown. 

“The entire award process is strictly supervised by expert panelists comprising of key subject matter experts taking extensive care in providing true in-depth analysis and review based on performance,” said a representative from International Finance.

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