Cytonn’s New Offices in Kisumu seeks to tap vast investments in West Kenya.

 Cytonn Investments Management Plc CEO Edwin Dande addressing the press in Kisumu today during the official opening of its new offices in Kisumu which will help in taping the vast real estate investment opportunities in the larger Western Kenya Region-photo By Dickson Odhiambo

By Dickson Odhiambo.

December 11, 2018.

Cytonn’s New Offices in Kisumu seeks to tap vast investments in West Kenya.

The New officeS opened in Kisumu by an alternative investment manager company with presence in East Africa, Finland and the United States will help in taping the vast real estate investment opportunities in the larger Western Kenya Region.

The offices which has been officially opened today by Cytonn Investments Management Plc will serve the Western Kenya region and tap into the vast real estate investment opportunities the region offers. 

Addressing the gathering during its official opening, the Company’s Chief Executive Officer Edwin Dande said office located in Kisumu town on 3rd floor of Centre Court Building on Oginga Odinga Street, will seek to serve the growing demand in the Western Kenya region by bringing the high-grade real estate investment options closer to their clients. 

 “This office seeks to tap into the vast investment opportunities that Western Kenya region offers by bringing development expertise and real estate backed investments closer to the target market and also developing relationships in the market. The branch will also distribute Seriani Money Market Fund, which is managed by the wholly owned Cytonn Investments subsidiary, Seriani Asset Managers.” The Chief Executive officer says.

He notes that the entry into Western Kenya is part of Cytonn’s commitment to entrench further; the company’s offering of alternative investments solutions into the region. 

“We spent the first phase of our growth focusing on Nairobi Metropolitan Area, where we now have over Kshs. 82 billion of real estate projects. Our clients, who range from individuals to institutional investors and investment groups, are now demanding diversification both locally and into other African markets,” he says.

He adds that in the local scene, they are focused on tapping into the promising markets in the Western Kenya region, as a completion to the year for its expansion that saw them open offices in Mt Kenya earlier in the year and Central Rift in the middle of the year. 

 “Our search into Sub Saharan Africa is still ongoing as we are looking into Uganda, Tanzania and Rwanda in East Africa, and, Ghana and Nigeria in West Africa. We already have strong partners in all the markets and an active deal pipeline,” he adds.

Dr John Obiero Ogone, a County Executive in charge of Education, Human Resource Development and ICT in Kisumu County while speaking at the Launch said, “We are always open to partner with Investors looking for opportunities in Kisumu County. With Devolution, Kisumu is a fast growing town serving Western Kenya and it needs improved real estate infrastructure across the various real estate themes. Kisumu County Government is willing to work with the team from Cytonn to transform our real estate landscape.”

Cytonn Investments Management Plc is keen on expanding its services across the African Continent and it continues to put in place all the necessary steps geared towards fulfilling the Alternative Investments Inclusion Agenda as well as redefining real estate investments in the region. 

This Office brings the total offices that Cytonn Investments Management has to, eight offices including Liaison House on State House Road, The Chancery on Valley Road, Fedha in Westlands, Sohan Plaza in Nyeri, Westside Mall in Nakuru, Centre Court in Kisumu and the Diaspora Office in DC Metro in the United States of America.

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