This archive report was first published on 25 September 2019.
Published on September 25, 2019, Barclays Bank of Kenya has entered into a partnership with Centum Investments to provide financing for home buyers in Nairobi and Kilifi.
The partnership aims to make home ownership more accessible to Kenyans, with the bank fully funding houses priced below Sh. 10 million and providing 90% financing for units above that level.
Centum Real Estate's managing director, Samuel Kariuki, stated, "The signing of this agreement with Barclays signals our commitment to ensuring that Kenyans have an opportunity to own a home in a master-planned city that integrates world-class infrastructure and recreational amenities."
According to the agreement, Barclays will finance purchases of both completed and off-plan units in various estates, including Palm Ridge Estate and Awali Estate in Kilifi County, The Riverbank Apartments, and Cascadia Apartments in Nairobi.
The estates feature a range of units, including one, two, and three-bedroomed houses, with prices ranging from Sh. 2.5 million to Sh. 30 million.
