Esteemed clients, business partners, the Cytonn Family, ladies and gentlemen, good morning.
Thank you very much for making time to attend the groundbreaking ceremony of an iconic development- Situ Village - an exclusive world-class gated community offering a live, work and play environment.
Real estate has been an ongoing trade since time immemorial, and in Kenya it remains a vibrant sector. At Cytonn, we seek to bring a professional and institutional approach to the real estate industry, a sector that has largely been dominated by informal developers, and sometimes, unscrupulous players.
Real estate continues to be one of the key growth sectors in the economy, with 14% sector growth, compared to an overall economic growth of 5.5%.
With a deal pipeline of over Kshs 73 Billion and over 10 live projects, we are focused on delivering the best returns to investors, in the most professional way.
As we break ground on yet another project this year, I would like to reassure you of Cytonn’s commitment to offering the very best to our clients and investors. For our investing clients, we offer the very best returns, and to our end users, an aspirational, quality and value for money place to live.
We began the construction of Amara Ridge, a luxurious development in Karen in 2015 and are set to complete it in February 2017. 80% of this has already been sold off. I invite you to take a look at this distinct and luxurious development coming up here in Karen, just opposite Bomas of Kenya.
Earlier this year in April, we broke ground for The Alma - our signature development in Ruaka consisting of 1,2 and 3 bedroom apartments. 50% of the development has been sold and I invite you, again, to take a trip to Ruaka and see the best gated apartment community coming up in Kiambu County.
Now we are here, to break ground for yet another iconic development worth Kshs 5.5 Billion- Situ Village.
We continue to achieve this and much more, through the support, commitment and trust of our clients and partners, such as you.
So, on behalf of the Board of Directors, I would like to take this opportunity to sincerely thank you for your immense contribution to our robust growth. This country has a lot of opportunity for committed entrepreneurs such as Cytonn. It is important that we pursue these opportunities to grow the economy, create jobs and uplift the standards of living.
To conclude, I would like to thank the team that has and is still working tirelessly to deliver on this project. You are doing an excellent job; you have my full support, keep it up!
God bless you,
Thank you very much.
