Centum launches real estate rental portal - Capital Business
Connect with us

Hi, what are you looking for?



Centum launches real estate rental portal

NAIROBI, Kenya May 27-Centum Real Estate has launched a real estate rental portal aimed at linking investors in residential units to the tenant market.

The rental portal will be a one-stop platform for tenants seeking to live in any of Centum’s mixed-use developments, in Nairobi, Kilifi or Entebbe.

Centum Re will also provide property management services to ensure that the long-term value of the residential houses is preserved.

90 per cent of Nairobi residents and in the markets that Centum RE operates in are tenants, with the balance being homeowners who purchase residential units as an investment to earn returns.

“Our mixed-use developments offer the best option for any person seeking rental properties in different urban nodes around East Africa. We have invested heavily in utility infrastructure to ensure a round-the-clock supply of clean water and reliable energy, while ensuring that our developments have over 30% green spaces to allow for a higher quality of life for our tenants,” said the Centum Re Managing Director, Kenneth Mbae.

“Additionally, our developments are strategically located, and are within a 15-kilometer radius of key social amenities such as schools, hospitals and commercial retail centers. We have taken steps to ensure the state-of-the-art security is in place both at the residential unit level and the wider development level,” Mbae added.

East Africa is amongst the world’s fastest urbanizing regions

The housing need in East Africa stands at over 7 million units, and more specifically in Kenya, the need stands at more than 2 million residential homes.

As the region’s population and urbanization continues to increase, the housing need will become exacerbated over the next 10-15 years.

Advertisement. Scroll to continue reading.

More on Capital Business


NAIROBI, Kenya, Oct 25 – The Nature Conservancy has honored the Group Chief Executive Officer and Managing Director of Centum Investments, James Mworia, for...


NAIROBI, Kenya, July 28 – Centum Investment Company Plc will pay shareholders Sh400 million in the full year ending March this year on profit...


The firm is set to spend Sh600.8 million to finance the programme which is intended to stabilize the firm’s share price and market valuation


NAIROBI, Kenya, Jan 13 – Centum Investment Company has terminated it plans to sell its majority stake in Sidian bank to Nigeria’s Access Bank...


NAIROBI, Kenya, Jan 12 – Centum Investment Company Plc shareholders’ are set to vote on the firm’s planned share buyback plan following the board’s...


NAIROBI, Kenya, Nov 29 – Centum Investment Company has grown its profit for the half year ended September 30 almost 20 times to Sh244...


NAIROBI, Kenya, Nov 29 – Centum Investment Company Plc’s board has approved a plan to buy back up to 10 per cent of the...


NAIROBI, Kenya July 26 – Centum Investment Company shareholders are set to receive a Sh391 million dividend payout after the firm narrowed its losses...