By Our Reporter
Biztech Outlook has named Centum Real Estate the top fastest growing company to watch in 2024.
Centum Re is East Africa’s largest real estate developer and investor building model cities ground up, shaping the future of the region’s skyline with model green luxury gated communities in Kenya and Uganda.
The company, which is a fully-owned subsidiary of the NSE-listed Centum Investment Company Plc, enjoys a solid asset base of more than KES 40 billion, a land bank of over 8,000 acres and a pipeline of over 10,000 residential houses.
The developer has created a real estate ecosystem that provides a one stop shop for home buyers and investor across Africa, Europe, the Middle East, Australia, and the US.
Centum Re has kept its promise of delivering various real estate solutions to its wide client base of home buyers and investors. The world seems to have taken note and is extending multiple accolades to the youthful team driving the real estate market in Africa.
In April 2024, Biztech Outlook named Centum Re the top fastest growing company to watch in 2024. Additionally, the International Finance Corporation (IFC) named Centum Re the EDGE Champion for Africa 2023 citing its green building credentials and use of efficient materials in its developments.
The International Business Magazine team also named Centum Re the Real Estate Developer of the Year, The Most Sustainable Real Estate Development Kenya 2023, and the Residential Project of the Year Kenya 2023.
This growth is driven by the housing demand experienced in East Africa where there is a limited supply of quality housing, infrastructure & city amenities. Also, rapid urbanization, population growth, expanding middle class, fintech investment and government housing policy continue to increase already pent-up demand.
Kenneth Mbae, Centum Re Managing Director, noted that the business will build upon the recognition and momentum as springboard to explore new opportunities, improve real estate offering and expand its presence in Sub-Saharan market.
