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Centum Re hands over sold-out Sh1bn luxury apartments

Centum Re board chair James Ruitha (centre) and Group CEO James Mworia join homeowners to officially hand over phase two of the Loft Residences luxury apartments, located at the Two Rivers commercial and residential complex. [Courtesy]

Centum Real Estate has officially handed over luxury apartments from phase 2 of the Loft Residences at the Two Rivers commercial and residential complex.

Centum Re has successfully completed thousands of homes across Nairobi, Kilifi, and Entebbe in Uganda.

Managing Director Kenneth Mbae noted the rapid sales of phase 2, which were fully booked before completion. "We are proud to have actualized our sales pitch and met the aspirations of our investors. The growing waiting list at our Two Rivers development presents numerous wealth creation opportunities," he stated.

The high-end apartments were priced between Sh36 million and Sh52 million. "The introductory price was Sh36 million just 24 months ago. All units are now sold out, with purchasers benefiting from secondary market prices," Mr Mbae added.

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