Cytonn Real Estate, the development affiliate of
Cytonn Investments, today broke ground on its latest project, Taraji Heights a mixed-use
development, valued at Kshs 2.5 Billion that sits on a 2.8-acre piece of land
in Ruaka, Kiambu County.
This will be Cytonn Real Estate’s second development in the Ruaka, as they capitalise on a growing middle-class seeking high quality and secure neighbourhoods, supported by the high returns to investors as witnessed from their pioneer Ruaka development, The Alma.
(Left to Right) Taraji Heights Project Manager Peter
Karenju, Cytonn CEO Edwin H. Dande, Kiambu County Governor H.E. William Kabogo
and Cytonn Board Member James Maina break ground at Taraji Heights
Cytonn Investments Managing Partner and CEO makes his comments during the ground-breaking
On his part, the Chairman of the Advisory Board of Taraji Heights, Kairu Bachia lauded Cytonn’s commitment to uphold high standards of corporate governance for its project. “This ensures that the interests of both the home buyers and investors are protected throughout the life of the project”, he said.
(L-R) Cytonn CEO Edwin H. Dande, chairman of the
advisory board of Taraji Heights, Mr. Kairu Bachia and Cytonn CIO Elizabeth N.
Nkukuu have a word during the ground-breaking
Speaking when he graced the occasion, Kiambu County Governor H.E. William Kabogo lauded Cytonn for its commitment and efforts towards meeting the housing demand in Kenya and Kiambu’s ability to solve the housing crisis affecting the neighbouring Nairobi county. He also said that Cytonn projects in Kiambu shall be used as a benchmark to other developers. “The commitment that Cytonn has shown through its projects The Alma and now Taraji Heights ought to be emulated by other developers in order to raise the quality of developments in Kenya. We welcome such projects as they raise the standards of living through provision of employment to our youth,” said the Governor.
Kiambu County Governor William Kabogo addresses the
attendants of the ground-breaking of Taraji Heights
Taraji Heights Project
Manager, Peter Karenju said,” the development will be the epitome of
convenience due proximity to social amenities as well as good transport
connectivity through the existing road network and soon to be upgraded Limuru
road whose completion shall coincide with the completion of Taraji Heights. The development is fitted with a stand by generator, high speed lifts
and ample parking for residents. It also boasts of a private club house with a swimming pool,
gym, spa and a retail centre. We have flexible payment plans tailored to our client’s choice. A limited number of units are on offer at
introductory prices” he said.
Taraji Heights Project Manager Peter Karenju makes his
remarks during the ground-breaking
An artistic impression of Taraji Heights
Cytonn
Real Estate currently has 12 developments and investment ready projects, which
include Amara Ridge, a gated community in Karen which is 100% sold and The Alma,
a mixed-use development in Ruaka which is 20 percent complete and 55 percent
sold.
Others
are Situ Village in Ololua, Karen, The Ridge in Ridgeways, as well as an
upcoming 100-acre master-planned development in Ruiru, and Newtown, a master-planned
city in Athi River spread over a 1,000-acre parcel of land.
