NAIROBI, KENYA, SEPTEMBER 25, 2016 –Cytonn Real Estate, a leading real estate developer in the region, hit over 20% off plan sales of phase one units during the launch of The Ridge, an outstanding Kshs 6 billion mixed use development located in Ridgeways, Nairobi that aims at bringing together people from different walks of life to share a luxurious and convenient lifestyle.
The Ridge, which sits on 10 acres of land, was inspired by the need for a work play environment. The development comprises of residential, commercial spaces, lots of children play grounds, swimming pools and the gymnasium for complete living. The development is located approximately 10 kilometers from Nairobi CBD with less than 10 minutes’ access to Windsor Golf Club and 5 minutes from the Two Rivers Mall.
“We are redefining real estate offering to our clients; we do not sell buildings or square feet, we are offering lifestyle products that speak to our clients’ aspirations,” said, Elizabeth Nkukuu, Cytonn’s Chief Investment Officer and Head of Real Estate. “And for our investors, we are offering attractive investment returns backed by investment grade real estate products with strong uptake, capital appreciation and rental yields,” added Elizabeth.
The development, which will be constructed in two phases, consists of one to four bedroom apartments with the option of 3 bedrooms with a domestic servant quarter and penthouses. The Ridge also comprises of a sprawling retail promenade at the frontage of the development, 1 and 2 bedroom serviced apartments for comfortable long and short stays, landscaped courtyards, roof top restaurants, extensive recreational facilities such as swimming pools, children playgrounds and gymnasium, 24-hour CCTV and ample parking in a secure gated community.
“With the stunning interior spaces spilling out into the expansive green courtyards, the premier residential address offers a serene environment for young families, investors and expatriates looking for a dual lifestyle of live-play environments, said Martin Gitonga, Cytonn’s Project Manager. “The Ridge addresses three basic needs in real estate- privacy, serenity and convenience. The offering is compelling to the clients, that is why we were able to sell over 20% of the product during the launch,” added Martin.
The development offers over 2000 square meters of retail space consisting of a mini-mart, convenience stores, salon and laundry among others to offer convenience for the residents. The development is served by major roads such as Kiambu Road and the Northern Bypass. Off-plan sales for the development have commenced from Kshs 5.7 million. With 20% of phase 1 units sold on the day of launch, this is an indicator for strong demand for high quality real estate products.
Other developments by Cytonn Real Estate include Amara Ridge in Karen, The Alma in Ruaka, Situ Village in Karen, Newtown in Athi River, Taraji Heights in Ruaka among others.
