Cytonn Real Estate, the development affiliate of Cytonn Investments, today broke ground on its latest project, Taraji Heights a mixed-use development, valued at Kshs 2.5 Billion that sits on a 2.8-acre piece of land in Ruaka, Kiambu County.

This will be Cytonn Real Estate’s second development in the Ruaka, as they capitalise on a growing middle-class seeking high quality and secure neighbourhoods, supported by the high returns to investors as witnessed from their pioneer Ruaka development, The Alma.

Cytonn Managing Partner and CEO Edwin H. Dande said that the investment opportunity in real estate is high as it’s the best performing asset class earning up to 25% returns annually. He also said that Cytonn has a special focus on Kiambu as it presents high returns to investors and conducive environment of homeowner. “The demand for high returns driven by global capital seeking alternative and high returns makes Kenya a good investment destination for international investors. At Cytonn, we are committed to offering the best real estate products both in design and quality such as Taraji Heights,” said Edwin. “The various payment plan options that we offer on all our real estate products including Taraji Heights make it easier for investors to choose the best that works for them,” he added.

On his part, the Chairman of the Advisory Board of Taraji Heights, Kairu Bachia lauded Cytonn’s commitment to uphold high standards of corporate governance for its project. “This ensures that the interests of both the home buyers and investors are protected throughout the life of the project”, he said.

Speaking when he graced the occasion, Kiambu County Governor H.E. William Kabogo lauded Cytonn for its commitment and efforts towards meeting the housing demand in Kenya and Kiambu’s ability to solve the housing crisis affecting the neighbouring Nairobi county. He also said that Cytonn projects in Kiambu shall be used as a benchmark to other developers. “The commitment that Cytonn has shown through its projects The Alma and now Taraji Heights ought to be emulated by other developers in order to raise the quality of developments in Kenya. We welcome such projects as they raise the standards of living through the provision of employment to our youth,” said the Governor.

Taraji Heights Project Manager, Peter Karenju said,” the development will be the epitome of convenience due proximity to social amenities as well as good transport connectivity through the existing road network and soon to be upgraded Limuru road whose completion shall coincide with the completion of Taraji Heights. The development is fitted with a stand by generator, high speed lifts and ample parking for residents. It also boasts of a private club house with a swimming pool, gym, spa and a retail centre. We have flexible payment plans tailored to our client’s choice. A limited number of units are on offer at introductory prices” he said.

Cytonn Real Estate currently has 12 developments and investment ready projects, which include Amara Ridge, a gated community in Karen which is 100% sold and The Alma, a mixed-use development in Ruaka which is 20 percent complete and 55 percent sold.

Others are Situ Village in Ololua, Karen, The Ridge in Ridgeways, as well as an upcoming 100-acre master-planned development in Ruiru, and Newtown, a master-planned city in Athi River spread over a 1,000-acre parcel of land.