Cytonn Real Estate Named Most Innovative Property Developer 2019

Cytonn Investments Management Plc says it will appeal against the High Court directive that dismissed their petition that sought to challenge the Capital Markets Authority directive limiting their projects under its asset managers unit to 10 per cent.

Cytonn Real Estate has been recognized by the International Finance Magazine as the Most Innovative Community Developer (Mixed Use) in Kenya during the International Finance Awards that took place on the 18th of November 2019. 

“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, to name just a few. 

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.”

According to The Alma’s Project Manager, Yvonne Ondego, mixed-use developments make the best use of land and create an environment where residents can live, work, access entertainment facilities, shop, and study. “Mixed-use developments could be the future of the residential real estate and the future has been brought nearer with the construction of The Alma,” Yvonne commented.


Cytonn is progressing with the construction of The Alma Phase 2 in the fast-growing Ruaka neighborhood after the completion and handover of Phase 1 earlier this year. 

Other projects in Cytonn Real Estate’s impressive portfolio are Amara Ridge in Karen, which was completed and handed over in 2018, The Ridge, RiverRun, Taraji Heights, Applewood and Newtown.

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