NAIROBI, KENYA, APRIL 8, 2016 – Cytonn Real Estate, the development affiliate of Cytonn Investments, has partnered with an international contractor from China, China National Aero Technology International Engineering Corporation (CATIC) on a Kshs 3 Billion development project- The Alma, a comprehensive lifestyle development in Ruaka.
CATIC is popularly known for constructing developments in Nairobi such as the upcoming Two Rivers Mall worth over Kshs 25 Billion, Old Mutual- UAP towers, tallest building in East Africa worth Kshs 4 Billion, Jomo Kenyatta International Airport Terminal 1A worth Kshs 9Billion, residential projects such as Karen Bogani Villas worth Kshs 2.2 Billion among others.
“CATIC is a brand that believes in the delivery of high quality real estate developments with fine finishing at an affordable price to our clients. We believe that this is the start of a great partnership as we seek to build world-class real estate in Ruaka”, says Huang Hong You, Managing Director, CATIC.
“We are confident that we have found a development partner whose track record speaks for itself. Together, we are confident that we will deliver a world-class comprehensive lifestyle development as we contribute towards developing safe neighborhoods for families,” said Elizabeth Nkukuu, Chief Investment Officer, Cytonn Investments during the contract signing ceremony.
The Alma groundbreaking will be held on Monday 11th April 2016. Cytonn Real Estate currently has 1,200 acres in development in Nairobi metropolis and projects under development valued at Kshs. 57 billion
