Cytonn Real Estate, the development affiliate of Cytonn Investments, has yet again launched another sharp and innovative real estate product at a colourful ceremony at The Villa Rosa Kempinski hotel. The private event was by-invitation only and was attended by over 350 high net-worth investors and institutions.
This product, privately placed Project Notes, which targets high net worth individuals and institutions offers an investment opportunity for investors to earn up to 20 percent p.a returns by investing in a pool of specific de-risked Cytonn Real Estate projects over a defined period. This comes on the back of Amara Ridge, which is now 100% sold and has returned to the project investors an annualized 33% return.
Shiv Arora launching the Project Notes
Unveiling this product, Shiv Arora, Head of Private Equity Real Estate and Financial Controller at Cytonn Investments noted;
“This product is a win-win for our private investors as they will not only have an opportunity to invest in our real estate projects and make huge returns, but they can convert their investments into actual units if they desire. This is the best investment-grade pool of real estate in this market. The projects are backed by both Cytonn Real Estate, which is the leading brand in investment-grade real estate, and Taaleri of Finland, who manage over USD 5 billion and is the leading foreign investor in real estate in the region. The titles are clean, the designs are world-class, the location and concept are driven by rigorous market research and the pre-sales numbers indicate strong demand. And the return is backed by a corporate guarantee from Cytonn Group. We are starting off with our private investors, even as we shall be pursuing both GCR rating and regulatory approvals in order to widen the pool of investors.”
Section of guests during the launch
Elizabeth N. Nkukuu, CFA, Chief Investment Officer and Head of Cytonn Real Estate took the audience through the status of real estate in the economy.
“With a deal pipeline of over 6000 units, this product will help address the housing deficit we are facing as a country. Just to emphasize, 80% of this deal pipeline is targeted toward middle and low-income segment, which is the highest growth segment in real estate. And you are not taking a risk on some speculative real estate developments. The selected deal pipeline for the project notes, which includes The Alma, The Ridge, Situ Village, Taraji Heights are not speculative development projects. There are projects that are already anywhere between 10% to 55% already sold off-plan, they record weekly cash flows from sale contracts, and in cases like The Alma, the development is already at an advanced stage.”
In addition to alleviating the housing deficits and delivering attractive returns to investors, Cytonn Projects are also creating thousands of jobs to alleviate unemployment.
Elizabeth N. Nkukuu responding to client queries
Are you interested in this sharp real estate investment product? Get in touch with us at: clientservices@cytonn.com
