Cytonn Real Estate, the development affiliate of Cytonn Investments, have released their Q1’2019 real estate market review, highlighting the current state of the real estate sector in terms of uptake, rental yields, capital appreciation, and hence, total investor returns. According to the report, the real estate sector softened in Q1’2019, with sectors such as office and retail registering a decline in rental yields by 0.1% points and 0.5% points, to 8.0% and 8.5% from 8.1% and 9.0%, respectively in FY’2018, while the residential sector recorded 0.5% annualized price appreciation, 3.7% points lower than 4.2% in FY’2018. The performance was constrained by (i) limited access to financing by developers and end users, with private sector credit growth coming in at 3.4% in February 2019, compared to a 5-year (2014-2019) average of 12.4%, (ii) high land and construction costs, especially in the Nairobi Metropolitan Area, and (iii) increased supply in selected sectors such as the commercial office and retail sectors with a surplus of 5.2mn SQFT and 2.0mn SQFT, respectively, as at 2018.

The High Court has mandated financial services group British American Asset Managers to allow its former managers access of all relevant information from the company in a case in which they are charged with theft. Former managers Edwin Dande, Elizabeth Nkukuu, Patricia Wanjama and Shiv Arora, who later founded rival firm Cytonn Investments are facing prosecution over alleged irregular sums from Britam-affiliated accounts to rival companies.

Nairobi, Kenya, 18th March 2019. Cytonn Investments, a leading alternative investment management firm with a focus on asset management, real estate, and private equity, has today officially signed on a Kshs. 650 million loan facility with State Bank of Mauritius (SBM Bank Kenya) as it seeks to bring in long-term debt to complement its private markets funding, such as Cytonn High Yield Solutions (Cytonn HYS), and institutional funding, such as funding from Taaleri of Finland.

On Thursday, 14th March 2019, Cytonn Investments held their Q1’2019 Asian Markets dinner at Anghiti Restaurant. The event targeted the Asian clients, to appreciate them for their continued support and to celebrate the milestones achieved in 2018. It was also an opportunity to introduce Cytonn Dhan, an initiative by the firm to connect further with its Asian Markets.

On Monday, 11 March 2019, Cytonn Asset Managers Ltd (CAML), the regulated affiliate of Cytonn Investments was launched at the Sarova Panafric, Nairobi, Kenya. The event was meant to celebrate the significant milestones achieved over the last year and also launch the rebranded Cytonn Money Market Fund.

Cytonn Investments Management Plc has reached a deal with mid-tier SBM Bank Kenya for a Sh650 million loan, the investment management firm said on Monday, signalling a plan to diversity its funding sources. Edwin Dande, the chief executive, said terms for the three-year facility, the first loan for the upstart firm, have been finalised with a symbolic signing set to be done “within a week.” The cash will be deployed towards completion of Cytonn’s Alma project, a mixed development featuring 477 residences and commercial blocks, in the upmarket Ruaka area in Kiambu.

Nairobi, Kenya March 11, 2019.Cytonn Asset Managers Limited (CAML), Cytonn Investment’s regulated affiliate has today been launched. CAML is licensed as a Fund Manager by both the Capital Markets Authority, CMA, and Retirement Benefits Authority, RBA. CMA has also granted Cytonn Asset Managers Limited a license to operate as a Real Estate Investment Trust (REIT) Manager.

Cytonn Investment is set to launch its asset management arm in Nairobi on Monday, following approval by the Capital Markets Authority (CMA) as a licensed Real Estate Investment Trust manager. The move will see it increase its asset management portfolio, which stands at Sh21 billion, when it officially launches Cytonn Asset Managers. The new company is eyeing Sh1.2 trillion assets held by retirement benefit schemes to drive its business to the next level.

Our Chief Guest, Hon. Nelson Gaichuhie- Chief Administrative Secretary for National Treasury and Planning, esteemed clients and shareholders, business partners, fund management and other industry leaders, respected regulators, the Cytonn Board Members, management and staff, ladies and gentlemen, all protocols observed, good morning.

Our Chief Guest, Hon. Nelson Gaichuhie- Chief Administrative Secretary for National Treasury and Planning, esteemed clients and shareholders, business partners, fund management and other industry leaders, respected regulators, the Cytonn Board Members, management and staff, ladies and gentlemen, all protocols observed, good morning.