KCB Bank Kenya and Centum Real Estate Limited have partnered to make home ownership more affordable and accessible to Kenyans through structured financing mechanisms.
Through the partnership, KCB Bank will provide a range of banking solutions, offer end-user financing to facilitate homeownership for prospective buyers in addition to debt financing to support Centum real estate in the construction of modern, well-planned housing units.
Speaking during the ceremony, KCB Director Mortgage Business, Caroline Wanjeri, KCB has a strong responsibility to facilitate access to safe, secure, and affordable homes through mortgage solutions. “Our approach to housing finance is multifaceted, combining innovative mortgage solutions with a strong focus on sustainable development and thereby working with like-minded partners to offer affordable and accessible solutions to Kenyans and address the nation’s housing needs,” Ms Wanjeri said.
She added that the partnership aims to bridge the housing gap with flexible, sustainable home financing solutions by enhancing end-user financing options for customers seeking to purchase units within Centum Real Estate projects, while also supporting Centum with development financing to drive the delivery of quality, modern homes.
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Mr. Kenneth Mbae, Managing Director of Centum Real Estate Limited, said its developments are designed to serve a wide market with predominantly being investors. “A key example is our Two Rivers development, where we are priming the project to cater to the growing demand for rental properties, particularly from the United Nations and diplomatic clientele,” Mr Mbae said.
“With the expansion of the UN’s operations in Nairobi, we anticipate significant demand for high-quality housing, providing strong dollar denominated returns for our investors and contributing to the continued growth of the region’s real estate market.”
Through the partnership, KCB Bank will support the construction of over 10,000 housing units across East Africa, complementing Centum Real Estate’s vision of delivering master-planned, sustainable developments. With award-winning projects in Nairobi, Vipingo, and Entebbe, Centum Real Estate continues to set the benchmark for quality living spaces that offer long-term value to homeowners and investors alike.
Previously, KCB and Centum Real Estate have partnered to host a successful Open Day at Two Rivers showcasing premium residential developments such as Cascadia, Mzizi, Riverbank, and The Loft. The event offered potential homeowners with firsthand insights into available units while highlighting our Affordable Housing Value Proposition.
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This is a promising move for the real estate sector. It’s great to see banks supporting ambitious developments like these. ASSET FINANCE plays a big role in making such projects accessible to investors and homeowners alike. Kudos to Centum for pushing forward with such an impactful initiative.