This archive report was first published on 30 September 2019.
On September 30, 2019, Centum Investments, a listed firm, announced plans to develop 400 residential apartments in Nairobi's Two Rivers Development.
The project, proposed by Centum subsidiary Uhuru Heights Limited, will comprise 400 units of one, two, and three-bedroomed apartments hosted on five blocks rising 15 floors.
According to regulatory filings, the development will feature 450 parking slots constructed on four basement floors and will be located on a parcel of land striding across Ruiruaka River, linked via a bridge and accessible from Nairobi's Limuru Road.
The application for approval comes after Centum and Barclays Bank of Kenya announced a financing partnership for residential units, both off plan and established-developed by Centum Real Estate.
The mid-market duplex units, dubbed Cascadia, will sell between Sh8.5 million and Sh23 million, pending approvals.
Uhuru Heights, incorporated in September 2009, has a book value of Sh891 million and is principally engaged in management, ownership, and development of property for rental purposes.
