Kisumu, Kenya 11th December 2018 Cytonn Investments Management Plc today opened an office to serve the Western Kenya region and tap into the vast real estate investment opportunities the region offers. The office located in Kisumu town on 3rd floor of Centre Court Building on Oginga Odinga Street, will seek to serve the growing demand in the Western Kenya region by bringing the high-grade real estate investment options closer to their clients.
Speaking during the launch, Cytonn’s Chief Executive Officer Edwin H. Dande said, “This office seeks to tap into the vast investment opportunities that Western Kenya region offers by bringing development expertise and real estate backed investments closer to the target market and also developing relationships in the market. The branch will also distribute Seriani Money Market Fund, which is managed by the wholly owned Cytonn Investments subsidiary, Seriani Asset Managers.” He noted that the entry into Western Kenya was part of Cytonn’s commitment to entrench further; the company’ s offering of alternative investments solutions into the region.
“We spent the first phase of our growth focusing on Nairobi Metropolitan Area, where we now have over Kshs. 82 billion of real estate projects. Our clients, who range from individuals to institutional investors and investment groups, are now demanding diversification both locally and into other African markets. In the local scene, we are focused on tapping into the promising markets in the Western Kenya region, which we are opening today, as a completion to the year for our expansion that saw us open offices in Mt Kenya earlier in the year and Central Rift in the middle of the year. Our search into Sub Saharan Africa is still ongoing as we are looking into Uganda, Tanzania and Rwanda in East Africa, and, Ghana and Nigeria in West Africa. We already have strong partners in all the markets and an active deal pipeline,” he added.
Dr John Obiero Ogone, a County Executive for Kisumu County, was the chief guest and officiated the event accompanied by other senior county officials. Speaking at the Launch, he said, “We are always open to partner with Investors looking for opportunities in Kisumu County. With Devolution, Kisumu is a fast growing town serving Western Kenya and it needs improved real estate infrastructure across the various real estate themes. Kisumu County Government is willing to work with the team from Cytonn to transform our real estate landscape”
Cytonn Investments Management Plc is keen on expanding its services across the African Continent and it continues to put in place all the necessary steps geared towards fulfilling the Alternative Investments Inclusion Agenda as well as redefining real estate investments in the region.
This Office brings the total offices that Cytonn Investments Management has to, eight offices including Liaison House on State House Road, The Chancery on Valley Road, Fedha in Westlands, Sohan Plaza in Nyeri, Westside Mall in Nakuru, Centre Court in Kisumu and the Diaspora Office in DC Metro in the United States of America.
