Cytonn Real Estate the real estate development arm of Cytonn Investments has been recognized by the International Finance Magazine as the Most Innovative Community Developer (Mixed Use) in Kenya during the International Finance Awards.
“The entire award process is strictly supervised by expert panelists comprising of key subject matter experts taking extensive care in providing true in-depth analysis and review based on performance,” said a representative from International Finance.
The Most Innovative Community Developer Award is given to companies that demonstrate excellence in the residential and commercial property space in emerging markets.
The Alma is one such property as it comprises an impressive list of amenities including a retail center, gym, swimming pool, nursery school, and elevated gardens.
In a statement on the award, Cytonn Senior Manager, Daniel Mainye said, “Mixed-use developments are meant to be self-sufficient meaning residents do not have to go outside the development to get certain goods or services to make their living experience complete. We took this into account and decided to bring everything closer to our residents. This award recognizes The Alma for what it is – a comprehensive well-designed development. This makes it a great investment. In fact, early investors already got up to 55% capital appreciation.”
This award comes at a time when Cytonn is progressing with the construction of The Alma Phase 2 in the fast-growing Ruaka neighbourhood after the completion and handover of Phase 1 earlier this year.