Centum Real Estate News

Centum Real Estate is constructing 270 affordable residential units at the Two Rivers development complex in Kiambu. The phase one, Mzizi Court Housing projects, has so far attracted nearly twice the number of homebuyers targeted, meaning that the project is already overbooked. lt will consist of one, two and three-bedroom units with prices starting from Sh4.9 million with a flexible payment plan....

Centum Real Estate Limited (“Centum Re”) has appointed Kenneth Mbae as its new Managing Director effective [17] March 2022. Prior to this appointment, Kenneth served as the Chief Operating Officer of Centum Re overseeing operations in Kenya and Uganda.

The highly aspirational lifestyle of live, work, shop and play is, now a reality at Two Rivers courtesy of Centum Real Estate. This Friday afternoon, Jubilant homeowners and investors of Riverbank Residences will have a memorable valentine week after receiving key cards to their Manhattan style luxury homes.

Mizizi project has presold 240 of its 274 units, equivalent to 88 percent. Loft where house prices range between Sh37 million and Sh40 million has recorded 70 percent sales after amounting to 38 out of 54 units. Riverbank property has sold 60 units ahead of its launch next month. The Cascadia property, which has a mix of affordable and higher-end houses, has pre-sold 250 out of the 400 units that the firm is putting up.

Centum Real Estate is excited to welcome a global institutional investor of the caliber of GEM, which has committed to make a very sizable equity investment into the business. It validates the attractiveness of the market opportunity...

GCR Ratings ("GCR") has affirmed Centum Real Estate Limited’s ("Centum RE" or “the group”) national scale long and short-term issuer ratings of BBB+ and A2 respectively, with a Stable Outlook...

Centum Real Estate Limited has earned Sh1.1 billion revenue from the sale of houses in the six months ended September 2021.

GridX Duara Holdings (“GridX”), a leading Pan-African commercial & industrial (“C&I”) solar and distributed energy financier, has injected KSh770 million ($7 million) investment into Two Rivers Power Company (“TRPC”).

Centum Real Estate Limited (“Centum RE” or the “Company”) is the holding company of Vipingo Development Limited (‘VDL’), Pearl Marina Estates Limited (‘PMEL’) in Entebbe, Uganda, Centum Development Kenya Limited (‘CDKL’) and Uhuru Heights Limited (‘UHL’).