Centum Real Estate (Centum Re) has completed the handover of 24 four-bedroom luxury apartments worth Sh1billion to buyers who snapped up the units before completion.

The units were part of phase two of Centum’s Loft residences project located at the Two Rivers commercial and residential complex.

The apartments were sold at prices ranging from Sh36 million to Sh52 million—marking a boost for the real estate firm that has so far completed housing projects in Nairobi, Kilifi and Entebbe in Uganda. The first phase of the project was completed in February last year with a total of 32 units sold at prices from Sh55 million.

The project was funded through a Sh3 billion bond issued by Centum Re, a subsidiary of Centum Investment Company, which is listed on the Nairobi Securities Exchange (NSE).

“We are proud to have actualised our sales pitch and met the aspirations of our investors. The rapidly growing waiting list of prospective tenants at our Two Rivers model development avails a basket load of wealth creation opportunities to investors,” Centum Re Managing Director Kenneth Mbae said.