Cytonn Breaks Ground on its Ksh. 2.5 Bn Applewood Project in Karen

In a colorful ceremony held on 19^th February 2019, Cytonn Real Estate finally broke ground on its Applewood project. The event was held on-site at Miotoni, Karen and was well attended by clients and prospects interested in buying in early. Applewood, which was launched mid-January this year, will cost 2.5 billion shillings to develop and is Cytonn’s most ambitious project to date.

The development will comprise of eighteen 5-bedroom villas with incredible amenities and will be spread over 10 acres of land.

READ Cytonn Real Estate Launches a KES 2.5 Billion Development in the Heart of Karen 

Speaking during the ceremony, Edwin H. Dande, CEO of Cytonn, said that Applewood came as an inspiration from the success of Amara Ridge in Karen, that the company recently completed and delivered to owners. “We still have clients looking for an Amara type home. Applewood is our development to cater to that demand. Our research validates our investments in Karen, driven by the high-density of private schools and increased accessibility,” said Dande.

Applewood provides a great environment for homeowners looking for a serene, luxurious and quality place to live with their families. It is also ideal for investors who are interested in attractive returns from above-average capital appreciation.

An exterior view of a classical design villa at Cytonn’s Applewood

The Chairman of the Board of Directors of Cytonn Investments, Professor Daniel Mugendi, noted that real estate remains an attractive and vibrant sector in Kenya, and continues to be one of the growth drivers for our economy. “As we break ground on Applewood today, I would like to reassure you of Cytonn’s commitment to offering the very best to our clients and investors … we offer the very best returns, and to our end users, an aspirational and quality place to live,” he added.

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