[Kenya] Cytonn Investments opens Central Rift regional office
Cytonn Investments Management Plc has opened an office to serve the Central Rift region and tap into the vast real estate investment opportunities the region offers.
The office located in Nakuru town on the 3rd floor of Westside Mall, will seek to serve the growing demand in the Central Rift region by bringing the high grade real estate investment options closer to their clients as part of the company’s regional expansion plan.
This brings to eight, the total number of offices Cytonn Investments Management Plc currently operates in Nairobi, Nyeri, Nakuru and Kisumu and DC Metro-US.
Speaking during the launch, Cytonn’s Chief Executive Officer Edwin H. Dande said “This office seeks to tap into the vast investment opportunities that Central Rift region offers by bringing development expertise and real estate backed investments closer to the target market and also developing relationships in the market. The branch will also distribute Seriani Money Market Fund, which is managed by our wholly owned subsidiary, Seriani Asset Managers.”
He noted that the entry into Central Rift 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 Central Rift region which we are opening today, followed by Western, Coast and North Rift Regions, all before the end of this year. In Sub Saharan Africa we are looking into Uganda, Tanzania and Rwanda in the East Africa, Ghana and Nigeria in West Africa. We already have strong partners in all the markets and an active deal pipeline,” he added.
Nakuru County Deputy Governor Hon. Dr. Erick Korir, who was the chief guest, officiated the event accompanied by other senior county officials. Speaking at the Launch he said “We are always open to partner with Investors looking for opportunities in Nakuru County. Nakuru is a growing town that needs improved real estate infrastructure across the various real estate themes.
The Nakuru County Government is willing to work with the team from Cytonn to transform our real estate landscape”
Cytonn Investments Management Plc is keen on expanding its services across the African Continent and it continues to put in place all the necessary steps geared towards fulfilling the Alternative Investments Inclusion Agenda as well as redefining real estate investments in the region.
Currently, Cytonn Investments Management has eight offices including Liaison House on State House Road, The Chancery on Valley Road, Fedha in Westlands, Adlife in Kilimani, Sohan Plaza in Nyeri, Westside Mall in Nakuru, Centre Court in Kisumu and the Diaspora Office in DC Metro in the United States of America.