Centum Real Estate (Centum Re) has handed over its luxury apartments to the buyers. The apartments, the second phase of the Loft Residences, located within the Two Rivers commercial and residential complex in Nairobi, is a unit of 24 four-bedroom luxury development worth Kes. One billion.
Centum’s managing director Kenneth Mbae said the handover marks another milestone for Centum Re, which has completed thousands of homes in Nairobi, Kilifi, and Entebbe, Uganda.
Mr. Mbae further added that the phase 2 of the Loft Residences was fully sold out well ahead of completion, underscoring the high demand for luxury housing in Nairobi.
“We are proud to have fulfilled our sales pitch and met the aspirations of our investors. The growing waiting list of prospective tenants at Two Rivers opens up multiple wealth creation opportunities for investors.” He said
The apartments were sold at the price range of between Kes.36 million to Kes. 52 million. The first phase of the project was completed in February last year with a total of 32 units sold at prices from 55 million
Centum says the development has attracted buyers from across six continents, with approximately 90 percent of purchasers being investors.
These include businesspeople, Kenyans in the diaspora, and expatriates. The units have demonstrated strong investment potential, with over 10 percent rental yield and 25 percent capital appreciation.
The project was funded through a Kes.3 billion bond issued by Centum Re, a subsidiary of Centum Investment Company, which is listed on the Nairobi Securities Exchange (NSE).
The development’s proximity to Gigiri’s diplomatic blue zone and enhanced connectivity to key locations, including the airport, has bolstered its appeal among corporate and diplomatic tenants.
The apartments were sold at the price range of between Kes.36 million to Kes. 52 million. The first phase of the project was completed in February last year with a total of 32 units sold at prices from 55 million
Centum says the development has attracted buyers from across six continents, with approximately 90 percent of purchasers being investors.
These include businesspeople, Kenyans in the diaspora, and expatriates. The units have demonstrated strong investment potential, with over 10 percent rental yield and 25 percent capital appreciation.
The project was funded through a Kes.3 billion bond issued by Centum Re, a subsidiary of Centum Investment Company, which is listed on the Nairobi Securities Exchange (NSE).
The development’s proximity to Gigiri’s diplomatic blue zone and enhanced connectivity to key locations, including the airport, has bolstered its appeal among corporate and diplomatic tenants.