Investment firm Centum to build modern city in Kilifi
Real Estate
By
Mwaghesha Mkala
| Mar 10, 2016
Centum Investment plans to build an exclusive city in Kilifi. The new city, to sit on 9,500 acres of Rea Vipingo Holdings land, will cement Centum’s foray into real estate, which includes a stake in Two Rivers Mall on Limuru Road.
The first phase of the project will see Centum put up infrastructure on 900 acres at a cost of Sh794 million. The city will comprise residential, commercial, industrial, institutional, recreational and public facilities.
Centum’s subsidiary, Athena Properties Ltd, a construction firm, will carry out the infrastructure works.
Share this story
- Expert: The shilling has regained value, but don't expect it to last
- Budget cuts loom for Parliament thanks to Sh9.6b Bunge Towers
- Firm linked to fake fertiliser calls for arrest of Linturi, NCPB boss