Cytonn Real Estate, a leading developer in the region
with over Kshs. 77 billion in real estate projects under mandate, today held
the ground breaking for one of its comprehensive mixed-use
developments, The Ridge, valued at Kshs 12 billion that sits on a close to 10.0-acre
piece of land in Ridgeways, Nairobi County.
The Ridge is a comprehensive
mixed use development that will have over 700 units comprising of 1, 2 and 3
bedroom apartments, 3 bedrooms with a domestic servant quarter and penthouses
that occupy the topmost floors.
The
Ridge has plenty of green spaces, outdoor sitting spaces and recreational
facilities including swimming pools, children playgrounds, landscaped
courtyards and a gym. The Ridge offers convenience with over 2,000 square
meters of retail and office space consisting of a mini-mart, convenience
stores, salon and laundry among others. The retail center also houses 1 and 2
bedroom serviced apartments for comfortable long and short stays visitors. The
Ridge is a secure gated community with 24-hour CCTV surveillance and ample
parking spaces for the residents.
The development is located 300m from the
junction of Kiambu Rd and the Northern Bypass, 5 minutes’ drive from the Two
Rivers Mall, the biggest shopping mall in East Africa, less than 5 minutes’ to
Windsor Golf Club and 10 minutes’ from UNEP headquarters in Gigiri.
The Ridge is part of the larger Cytonn Real Estates
strategy of responding to the growing demand for residential units to house the
ever growing middle-class seeking high quality and secure neighbourhoods. Some
of the other projects by Cytonn Real Estate include (i) Amara Ridge a 10 units
develpments in Karen (ii) Alma in Ruaka (iii) Taraji Height in Karen (iv) situ
village in Karen. .
“Real Estate continues to offer the very best returns
for both the investors and end users. At Cytonn, we seek to focus in provision
of housing across the entire spectrum from the high end to the low middle
income. Our deal pipeline serves the various segments of the market ranging
from the high end, such as the Amara Ridge whose construction is nearing
completion in Karen, to the middle to lower-middle income like The Ridge, which
will offer a comprehensive lifestyle and a secure community to families,” said
Cytonn’s Chief Investment Officer Elizabeth Nkukuu.
“In addition to creating secure gated communities,
these developments are also creating jobs, contributing to the growth of the
economy and raising the standards of living in the country. At its peak, the
development will have created over 1,000 jobs on a daily basis majority of
which shall come from the local community and we thank Governor Dr. Evans
Kidero for supporting such projects,” added Elizabeth Nkukuu.
Speaking at the event Nairobi County Governor H.E Dr,
Evans Kidero said, “I am glad to mention that Cytonn’s decision to put up this
development in Ridgeways proves that the rapid urbanization offers an
opportunity for investors to offer housing products in the county. The Ridge
will change the landscape of Ridgeways and the larger Nairobi County when it
comes to residential housing.”
“Kenya continues to grapple with a high housing deficit of over
200,000 housing units yearly due to rapid population growth and urbanization.
Nairobi county is the most affected by this and we are glad that Cytonn decided
to put up this development in Nairobi. We shall continue to work closely with
developers such as Cytonn to help address the housing deficit and improve the
quality of living for the Nairobi residents.