This archive report was first published on 5 December 2019.
Published on December 5, 2019, Cytonn Real Estate, the real estate development arm of Cytonn Investments, has been awarded the Most Innovative Community Developer in the mixed-use category in Kenya by the International Finance Magazine.
The award was given at the International Finance Awards on November 18, 2019, to companies that demonstrate excellence in the residential and commercial property space in emerging markets.
The Alma, a project by Cytonn Real Estate, boasts an impressive list of amenities including a retail center, gym, swimming pool, nursery school, and elevated gardens.
Creating a Self-Sufficient Community ¶
Cytonn Senior Manager Daniel Mainye explained that mixed-use developments are designed to be self-sufficient, providing residents with everything they need to live comfortably.
"We took this into account and decided to bring everything closer to our residents," Mainye said. "This award recognizes The Alma for what it is – a comprehensive well-designed development. This makes it a great investment. In fact, early investors already got up to 55% capital appreciation," he added.
Future of Residential Real Estate ¶
According to The Alma’s Project Manager, Yvonne Ondego, mixed-use developments make the best use of land and create an environment where residents can live, work, access entertainment facilities, shop, and study.
"Mixed-use developments could be the future of residential real estate and the future has been brought nearer with the construction of The Alma," Ondego commented.
Cytonn Real Estate Projects ¶
This award comes at a time when Cytonn is progressing with the construction of The Alma Phase 2 in the fast-growing Ruaka neighbourhood after the completion and handover of Phase 1 earlier this year.
Cytonn Real Estate is also developing other projects such as Amara Ridge in Karen, which was completed and handed over in 2018, and The Ridge, RiverRun, Taraji Heights, Applewood, and NewTown.
"The entire award process is strictly supervised by expert panelists comprising of key subject matter experts taking extensive care in providing true in-depth analysis and review based on performance," said a representative from International Finance.
