Centum Real Estate has already received four hundred and fifty customers in their latest housing project at the Two Rivers development complex.
“Finally, the shovel hits the ground, to pave way for the shell and core construction for 26 Mzizi court. Congratulations to the newly appointed Centumre MD, Kenneth Mbae on this auspicious milestone achieved barely 2 days since taking up the role.”
This week, Centum real estate broke the ground on phase 1 of its Mzizi Court a project which comprises 270 one, two, and three-bedroom apartments that are competitively priced from 4.9 million shillings, with a flexible payment plan.
This morning, I witnessed the handover of the Mzizi site in @TwoRivers_KE by @kenmbae the @CentumRE Managing Director to the Landmark Construction team who delivered over 500 homes in @VipingoLtd in record time and to the required spec. pic.twitter.com/1DXIkyqYAW
— James Mworia (@MworiaJ) March 19, 2022
Centum RE Managing Director Kenneth Mbae said 450 customers have already paid cash deposits committing to buy the apartments, overshooting the phase 1 supply by more than 66 percent.
Pre-bookings by prospective buyers of at least one-third of units on sale is a requirement set by Centum to validate demand before groundbreaking on any project.
“The demand exceeds supply supported by the expected double-digit rental yield which supports us to launch phase 2 soon,” noted Mr. Mbae at the groundbreaking ceremony on Saturday, March 19, in a ceremony witnessed by the prospective homeowners.
Mr. Mbae termed project groundbreaking as one of Centum RE’s “moments of impact” during which the company activates hundreds of construction jobs that stimulate the local economy while delivering the company’s promise to build homes for investors on time and within budget.
Mzizi Court apartments are within the 102-acre Two Rivers development that is located minutes drive from key diplomatic missions and corporates.
The strategic location has catalyzed a growing and unmet demand for a live, shop, and play lifestyle. Landmark holdings will undertake the construction. The contractor completed the timely construction of 514 high quality houses in Palm Ridge and Awali at our Vipingo Development project in Kilifi.
It is estimated that the construction of Mzizi Court apartments will take 24 months.
The 24-months construction period grants buyers the flexibility to stagger their payments as they monitor the construction progress while taking advantage of the unit value appreciation, estimated at 15-20% over the construction period.
Residents of Mzizi Court will enjoy 30 acres of dedicated green spaces at Two Rivers and outstanding amenities within the development, such as a 1.06-acre sports district ﬁtted with an Olympic size swimming pool, a kids pool, 7-aside football pitch, basketball court, kids play area and 2.7km jogging tracks.\
Mzizi, is the 4th residential project at Two Rivers, after the @RiverbankKE (move in ready), Loft residences, and @Cascadiaapartments.