On Tuesday, 10th April 2018. Cytonn Real Estate (CRE) held a tender award ceremony at the Park Inn by Radison, Westlands. The ceremony celebrated the newly formed partnership between Cytonn Real Estate and China Railway Jianchang Engineering Ltd (CRJE), who were awarded the tender as main contractor for The Ridge, a Kshs 14 billion Mixed Use Development project located in a 10-acre piece of land in Ridgeways, Nairobi County.
(L-R) Jie Shen - Director CRJE, Xie Zhixiang - MD of CRJE, Madhav Bhalla - SPV Board Chair & Elizabeth Nkukuu, Head of Cytonn Real Estate. (Standing) Martin Gitonga, Senior Project Manager at Cytonn Investments
The Ridge comprises of residential and commercial spaces, with the residential development consisting of 1, 2 and 3 bedroom apartments. There are also options of 3 bedroom apartments with a domestic servant quarter, both standard and premium, and penthouses that occupy the topmost floor.
The Ridge's residential complex has outdoor sitting spaces and recreational facilities
Its commercial development comprises over 2000 square meters of retail and office space, consisting of a mini-mart, convenience stores, salon, and laundry among others. The retail centre also houses 1 & 2 bedrooms serviced apartments for comfortable long and short stays visitors.
The Ridge's Stunning Commercial Centre
CRJE is one of the world’s largest construction and engineering company in the worlds and is listed in the Shanghai and Hong Kong stock exchanges. The company has had operations in the East African region largely Tanzania and they have carried out many real estate and civil projects internationally. They are registered by National Construction Authority as a Class I Building & Civil Contractor Company. They were the contractors of Hyatt Regency Kilimanjaro Hotel in Tanzania, The Water front in Karen and Phase 2 of MPESA Foundation Academy.
Elizabeth Nkukuu, Chief Investments Officer at Cytonn Investments making her remarks at the awards ceremony
Elizabeth Nkukuu, Head of Cytonn Real Estate (CRE) expressed her optimism for the newly formed partnership between CRE and CRJE.
“ Cytonn Investments is about delivering great returns to our investors and aspirational homes to our clients, we therefore shall require our partners to maintain the highest quality standard in all our developments. As partners we expect to look at all challenges together and come up with the best possible solutions for the development.” She advised.