CYTONN TO CONSTRUCT US $125M BUILDING IN KENYA

Residential-cum-commercial building to be constructed in Kenya by Cytonn Investment.

Cytonn Investment which focused on offering alternative investment solutions to global institutional investors, individual high net-worth investors, local institutional investors and Diaspora investors interested in the East-African region is set to construct a US $125m a residential-cum-commercial development in Kimabu County, kenya.

The project which is expected to accommodate 6,500 people will also comprise of a five star hotel.

The location for the project which was originally a 100-acre Kiambu coffee plantation is to be transformed into a mega project through a special purpose venture jointly formed with local and foreign investors.

The five star hotel will comprise of  34 luxury rooms, 36 cottages and four water cottages on a 1.97 acre piece of land reserved for the hotel development next to an eight-acre dam.

A section is also reserve for a school, a commercial centre housing a mini-mart, retail shops as well as food and beverage outlets plus also having 105 maisonettes, four meeting rooms, a lake pub, two restaurants and two pubs.