[Kenya] Cytonn Real Estate launches $25 million development in Karen
Cytonn Real Estate , the development affiliate of Cytonn Investments, has launched a Ksh 2.5 billion, approximately $25 million, development in Karen in an exclusive event held at their recently completed 1 billion development also in Karen known as Amara Ridge.
The Project named Applewood is located on Miotoni road. Applewood, which sits on 10 acres of land, was inspired by the need to live in a serene and quiet environment. It comprises of two architectural styles, the classic and modern.
The development comprises of expansive gardens, optional swimming pools, clubhouse, gym and backup generator. It has heightened security features such as a perimeter wall, 24 hour surveillance with a centrally controlled gate. Applewood location boosts of easy accessibility to a large concentration of international schools, several leisure and recreational sites as well as The Hub shopping mall and The Water Front Park in Karen.
”Applewood was inspired by the success of our flagship development Amara Ridge in Karen” said Edwin H. Dande, Chief Executive Officer- Cytonn Investments. “Our developments are client focused and Applewood is the result of extensive consultations with clients.
The development, located on Miotoni road in Karen, comprises of 18 units of 5 bedrooms each sitting on ½ an acre piece of land. Sale of the units has already began with each gong for Kes 120 million. Construction of the development is expected to commence immediately. Applewood also comprises of a dam waterfront that offers unique views.
“With the stunning interior spaces spilling out into the expansive green courtyards, the residential development offers a serene environment for families, investors and expatriates looking for a dual lifestyle of live-play environments, said Martin Gitonga, Cytonn’s Senior Project Manager. “Applewood addresses three basic needs in real estate- privacy, serenity and convenience. The offering is compelling to the clients,” added Martin.
Other developments by Cytonn Real Estate include Amara Ridge in Karen, The Alma in Ruaka, Situ Village in Karen, River Run in Kiambu, Taraji Heights in Ruaka.