Cytonn to inject Sh6b in Nyeri, targets hospitality and offices


Cytonn to inject Sh6b in Nyeri, targets hospitality and offices
Cytonn breaks ground on Sh2.5bn real estate project
Cytonn Investment have announced plans to invest Ksh.6 billion in Nyeri County to develop hospitality industry and offices.
 
Speaking during the opening of their Mt Kenya Regional offices in Nyeri, Cytonn Investment Senior Manager, Regional Markets Johnson Denge termed Nyeri as one of the fastest growing areas in terms of per capita income with a lot of potential in real estate development.
 
According to Denge, the new office will seek to serve the growing demand in the Mt. Kenya region as part of it’s regional expansion plan saying that more opportunities will open up after completion of the LAPSSET project that is set to connect the coastal region and Isiolo.
 
Denge further intimated that Nyeri has only one institutional developer National Housing Corporation limiting it to real estate development and offering opportunities in agriculture.

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