Skip to content
Real Estate

Cytonn Real Estate Awards Tender for the Ridge to a Chinese Company

BY Soko Directory Team · April 12, 2018 07:04 am

Cytonn Real Estate, the development affiliate of Cytonn Investments has awarded the tender for the development of The Ridge to China Railway Jianchang Engineering Company Ltd after a competitive bidding process.

The Ridge, a mixed-use development is on a 10-acre piece of land in Ridgeways, Nairobi County and it is currently valued at14 billion shillings.

The commencement of construction of The Ridge, which broke ground last year, will see over 1000 jobs created directly and other another 1200 indirectly.

Elizabeth N. Nkukuu, the Chief Investments Officer, Cytonn Investments, noted that “Getting the right partners to work with is crucial in ensuring we deliver the lifestyle and convenience we are offering our clients who bought into The Ridge, this is why the procurement process was rigorous” She further noted that China Railway Jianchang Engineering Company not only met the technical expertise but the competency required as well.

The Ridge is a comprehensive and luxurious mixed-use development located in Ridgeways, Nairobi approximately 10 Km from Nairobi Central Business District, 300m from the junction of Kiambu Road and the Northern Bypass, 5 minutes’ drive from the Two Rivers Mall, the biggest shopping mall in East Africa, less than 10 minutes’ drive to Windsor Golf Club and 15 minutes from UNEP headquarters in Gigiri.

The development will consist of 1, 2, 3-bedroom with a DSQ residential apartments and penthouses, a retail/commercial center, and serviced apartments.

The development will deliver comfort and convenience with high-quality living standards that will appeal to both the discerning homeowners and investors who are either seeking a luxurious lifestyle or to earn attractive yields.

The land is engulfed in the scenic view of Karura forest. Infrastructural improvements along UN avenue road and Kiambu Road will greatly enhance connectivity and accessibility to the Central Business District.

The Ridge is part of Cytonn Real Estate’s strategy of responding to the growing demand for residential units to house the ever-growing middle-class seeking high quality and secure neighborhoods.

Some of the other projects by Cytonn Real Estate include; Amara Ridge a gated community development in Karen, The Alma in Ruaka, Taraji Height along Limuru Road, Situ Village in Karen and Cytonn Towers in Kilimani.

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

Trending Stories
Investment Your Investment Plan For 2025: Mansa X (19.53%) vs. Oak Fund (29.38%) – 2024 Performance, Which Should You Invest In? Steve Biko Wafula
Entrepreneur's Corner When the Days Grow Quiet: Why Men Must Plan For Their Old Age Steve Biko Wafula
Entrepreneur's Corner 15 Reasons Why You NEED NCBA Now: The Bank Fueling Ambition And Entrepreneurship In Kenya Steve Biko Wafula
Entrepreneur's Corner New Year, New Financial Goals With NCBA: Why Financial Literacy Is The Real Resolution Soko Directory Team
Government and Policy HELB Opens Loans And Bursary Application For Students, How To Apply Getrude Mathayo
Related Articles
Investment Filling The Void Of The Much-Needed Affordable Houses Kenya Soko Directory Team
Investment Top 5 areas with affordable properties in Kenya Soko Directory Team
Investment Buildings Approved in H1 FY 2019 Valued at Kshs 121.3 Billion Soko Directory Team
Government and Policy Stima Investment Cooperative Appointed Lead Sales Agent for Pangani Heights Soko Directory Team
Investment 6 Things to Consider Before investing in Real Estate in Kenya Soko Directory Team
Explore Soko Directory
Banking Blogging Commodity Watch Did you know Entertainment Entrepreneur's Corner Feature Government and Policy Headlines Investment Lifestyle Market News Money Opinion Press Releases Stock Watch Technology
Soko Directory Archives