East Africa’s leading investment company, Centum, has over the years through its real estate arm developed adequate, standardized and well-spaced houses which are readily available to both the lower, middle and upper class in the society as well as creating an enabling environment/ channel for other investors to chip in. This is in line with the government’s agenda to provide affordable housing to its citizens.
To ensure continued commitment and delivery on its promise, the giant investment company’s real estate arm is putting up four housing projects targeting affordable, middle income and high net worth buyers at the 102-acre Two Rivers site in Nairobi, which as by now, between 62 and 88 percent of the housing units has already been sold.
Centum’s Chief Executive Officer (CEO), James Mworia, said that the affordable housing Mizizi project which is being developed jointly by the company’s subsidiaries, Centum Re and Two Rivers Development Limited (TDRL), has presold 240 of its 274 units, which is equivalent to 88 percent where the houses have been priced at between Sh4.9 million and Sh9.6 million depending on size.
The positive traction has been made possible by the existing services and good infrastructure in place which has also made the affordable housing units cheaper compared to others in the same location.
Two Rivers Development Limited is also selling land rights to commercial and residential real estate developers.
Centum’s track record assures its investors of quality, value for money, timely handover of projects and a return on their investment.