Cytonn Investments Management Plc on Friday consolidated its expansion in Mt. Kenya region with the opening of a new office demonstrating its diversified approach to investing and managing client relationships.
Johnson Denge senior Manager Regional Markets said “We are about to embark on deploying over Ksh. 6 billion towards mixed-use development and will also venture into hospitality focusing on Mt. Kenya region. We shall start with two projects, a mixed-use development, and a hotel, both of which we have already identified the projects.”
Speaking during the launch, Cytonn’s Managing Partner and C.E.O Edwin H. Dande said “This office seeks to tap into the vast investment opportunities that Mt Kenya region offers by bringing development expertise closer to the target market and also developing relationships in the market,”
Dande noted that the entry into Mt. Kenya was part of Cytonn’s commitment to entrench further the company’s offering of alternative investments solutions into the region.
“We spent the first phase of our growth focusing on Nairobi Metropolitan Area, where we now have over Kshs. 82 billion of real estate projects. Our clients, especially the institutional clients are now demanding diversification both locally and into other African markets.
In the local scene, we are focused on tapping into the promising markets in the Mt. Kenya Region which we are opening today, followed by Coastal Region, Western Region and North Rift, all before the end of the year. In Sub Saharan Africa we are looking into Uganda, Tanzania and Rwanda in the East Africa, Ghana and Nigeria in West Africa. We all already have strong partners in all the markets and an active deal pipeline,” He said.
Nyeri Governor Mutahi Kahiga who was accompanied by other senior officials from Nyeri County Government officiated the opening. Speaking at the Launch he said.
“We are happy and encouraged to have a leading real estate developer come into this growing region. A growing town like Nyeri needs better buildings for offices, trading and hospitality. Nyeri County and the County Government is willing to work with the team from Cytonn to transform our real estate landscape”.
The new office is located in Nyeri town on the 3rd floor of Sohan plaza.
Currently, Cytonn Investments Management has five offices including Liaison House on Statehouse road, The Chancery on Valley Road, Fedha in Westlands, Adlife in Kilimani, and the Diaspora Office in DC Metro in the United States of America.