× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Cytonn starts construction of Sh15b high-end project in Ruiru

By James Wanzala | April 26th 2018
Cytonn Investments Chief Investments Officer Elizabeth Nkukuu

Cytonn Real Estate has broken ground on its latest property development known as RiverRun Estates.

The Sh15 billion development located in Ruiru, Kiambu County, sits on 100-acres.

It will comprise over 500 residential villas and townhouses, and over 600 apartment units.

Some of the planned social amenities in the project will include a commercial centre, a school, several playgrounds, water theme park, riverfront promenade, cottages and an ultra-modern hotel with a frontage to the dam.

Speaking during the ground breaking ceremony, Kiambu County Governor Ferdinand Waititu, said that the development was a welcome investment addition to the county.

“Kiambu County Government is committed to partnering with investors that create employment opportunities for the residents, help improve the living standards and infrastructure growth,” said Mr Waititu.

The project, located about 25 kilometres from Nairobi’s Central Business District, targets mainly first-time home owners.

It will have three-bedroom plus DSQ semi-detached units, four-bedroom townhouses and four-bedroom plus DSQ villas, each with a private garden and at least two parking slots.

Funding options

Cytonn’s Chief Investments Officer and Head of Real Estate, Elizabeth Nkukuu, said RiverRun would create about 2,200 direct and indirect jobs. She said the project would be funded through a mix of pre-payments from buyers and loans.

RiverRun is Cytonn Real Estate’s third development in Kiambu County. The other two are The Alma and Taraji Heights in Ruaka.

The development will be put up in three phases, with phase one comprising 119 units of town houses, semi-detached units and villas with a starting price of Sh13.8 million.

The main contractor for the development is China Jiangsu International.

Share this story
Choose furniture fit for your style
The demand for outdoor living products is on the rise, with many suppliers offering different kinds of furniture styles.
Dog walking becomes the newest hustle in town
Dog walking is now a status symbol. Owning a pet is cool. I nowadays meet lots of Kenyans and foreigners walking their dogs and some running.