Turner & Townsend partners with Cytonn Real Estate
Turner & Townsend partners with Cytonn Real Estate, the development affiliate of Cytonn Investments as the cost managers for RiverRun Estates, a mixed-use development in Nairobi, Kenya.
Having launched an office in Kenya’s capital city of Nairobi in 2016, with a view to growing its presence in East Africa, Turner & Townsend has been appointed as quantity surveyors providing cost management services for a major mixed-use project – RiverRun Estates Ruiru in Kenya, which is being developed by Cytonn Real Estate, the development affiliate of Cytonn Investments.
This master-planned USD$150m lifestyle development is to be undertaken on a 100-acre parcel, formerly a coffee farm.
With contractor’s works commencing on site before the end of the year, the project will be delivered in phases over the next five years, the first phase is expected to take 24 months for construction.
The massive development will be mainly residential consisting of over 1,400 units comprising townhouses, maisonettes and low-rise apartments. It will be complemented by social amenities including a commercial centre, school and an ultra-modern hotel with dam frontage. The project seeks to offer the perfect home for both first-time home owners as well as those seeking a tranquil and serene locale away from the hustle and bustle associated with urban developments.
Turner & Townsend will play an integral role as part of the multi-disciplinary team tasked with ensuring that the project is completed within budget and on time.
Daimon Keith, Director, Kenya Country Manager for Turner & Townsend said: “We are delighted to be supporting Cytonn Real Estate in the delivery of this ground-breaking scheme. I am confident that with our expertise in delivering major programmes in the real estate sector, we will safeguard their commercial interests at every stage of the design, procurement and construction process.”
Elizabeth Nkukuu, Head of Real Estate, Cytonn Investments said: “Master-planning helps us to solve some of the problems faced by national and local governments in providing social amenities such as roads, sewerage, street lighting and garbage collection. From an investor’s perspective, there is increased land value due to the provision of these amenities, coupled with the high standard of quality of developments such as RiverRun Estates.
“A key benefit of investing in RiverRun Estates is that it seeks to provide a live, work and play environment, so a resident choosing to live and work within this development will not be subjected to traffic congestion, among other challenges which are common around the central business district.”
Rewel Maigua, a director who heads up Turner & Townsend’s project team notes that: “Of importance to us is to firm up the delivery phases and unit typologies within these phases. The typology mix per phase or cluster is pegged on market uptake for the units and influences the master plan design as it tries to accommodate for the number of preferred units.”
Nkukuu adds: “As this is a huge project it will take some time to develop and exit. Other challenges include stakeholder management where we need to get services such as sewer and water to site from the nearest mains. We have chosen to partner with Turner & Townsend as it is a globally recognised brand backed by a wealth of experience.”