This archive report was first published on 24 August 2020.
On August 24, 2020, Centum Real Estate announced the launch of a Sh7 billion affordable housing project in Kasarani, Nairobi. The development, branded 265 Elmer One Apartment, aims to provide quality affordable apartments with competitive rental rates and capital returns to investors.
The project offers a mix of studio, 1-bedroom, 1-bedroom loft, and 2-bedroom apartments priced from Sh1.9 million. According to Centum Real Estate Managing Director Samuel Kariuki, the development is ideal for first-time home buyers and those who want to invest in real estate without the hassle of land buying and construction.
265 Elmer One Apartments features a unique 1-bedroom loft design, communal lounges, a mini tennis court, and a mini soccer pitch on the rooftop. The development also meets green building standards, with 20% savings on energy and 40% savings on water and energy embodied in materials.
Centum Real Estate has a strong track record of delivering high-quality projects on schedule and on budget. The company is the region's leading developer of mixed-use urban nodes, with large developments in Nairobi, Kilifi, and Entebbe in Uganda.
