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Cytonn Investments
paulkimani
#641 Posted : Saturday, October 12, 2019 8:50:12 PM
Rank: New-farer


Joined: 1/19/2016
Posts: 36
rwitre wrote:
Horton wrote:

paulkimani wrote:

Angelica _ann wrote:

Cytonn goes for Sh2bn D-Reit to fund projects

Cytonn Investments has applied for a Development Real Estate Investment Trust (D-Reit) at the Capital Markets Authority seeking to raise Sh2 billion.

D-Reit meant to diversify real estate funding is expected to boost Cytonn sources for its real estate development pipeline with a project value of more than Sh82 billion.

Cytonn Real Estate Investment Analyst Bryan Gitia said the funds would be deployed in the development of Phase 1 of The Ridge and Phase 1 of RiverRun estates.

“The Ridge is a comprehensive aspirational lifestyle development on 10 acres in Ridgeways where stage one of the development is complete — including land acquisition, concept, foundation and is 50 percent presold; funds will go towards the second stage of superstructures construction,” he said.

“RiverRun is a master-planned mixed-use community on 100 acres in Ruiru, with a dedicated affordable housing component.”


https://www.businessdail...02378-qn1tx8/index.html



Cytonn is essentially asking for Kshs 2 billion in tax payers money. Cytonn also have released a report that says real estate is stagnant. Stating only facts, not opinions.


Dude get a life! U know cytonn post is not the only post on Wazua right?


Mnasumbua Horton holiday Laughing out loudly Laughing out loudly Laughing out loudly

Also, a D-Reit is not taxpayer's money.


Please read the below article: public/taxpayers - end of the day it’s the general public.
https://citizentv.co.ke/...nded-debt-issue-285345/

In summary:

TITLE “Cytonn lines up first publicly funded debt issue”

BODY OF ARTICLE “Investor manager Cytonn has sought approval from the Capital Markets Authority (CMA) to register its first Development Real Estate Investment Trust (D-REIT).

The approval will see the company seek out a projected Ksh.2 billion from the public with acquired funds being deployed in the construction of the first phases of two real estate projects in Kiambu’s Ridgeways and Ruiru.”
Horton
#642 Posted : Saturday, October 12, 2019 10:58:00 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,484
Location: Nairobi
paulkimani wrote:
rwitre wrote:
Horton wrote:

paulkimani wrote:

Angelica _ann wrote:

Cytonn goes for Sh2bn D-Reit to fund projects

Cytonn Investments has applied for a Development Real Estate Investment Trust (D-Reit) at the Capital Markets Authority seeking to raise Sh2 billion.

D-Reit meant to diversify real estate funding is expected to boost Cytonn sources for its real estate development pipeline with a project value of more than Sh82 billion.

Cytonn Real Estate Investment Analyst Bryan Gitia said the funds would be deployed in the development of Phase 1 of The Ridge and Phase 1 of RiverRun estates.

“The Ridge is a comprehensive aspirational lifestyle development on 10 acres in Ridgeways where stage one of the development is complete — including land acquisition, concept, foundation and is 50 percent presold; funds will go towards the second stage of superstructures construction,” he said.

“RiverRun is a master-planned mixed-use community on 100 acres in Ruiru, with a dedicated affordable housing component.”


https://www.businessdail...02378-qn1tx8/index.html



Cytonn is essentially asking for Kshs 2 billion in tax payers money. Cytonn also have released a report that says real estate is stagnant. Stating only facts, not opinions.


Dude get a life! U know cytonn post is not the only post on Wazua right?


Mnasumbua Horton holiday Laughing out loudly Laughing out loudly Laughing out loudly

Also, a D-Reit is not taxpayer's money.


Please read the below article: public/taxpayers - end of the day it’s the general public.
https://citizentv.co.ke/...nded-debt-issue-285345/

In summary:

TITLE “Cytonn lines up first publicly funded debt issue”

BODY OF ARTICLE “Investor manager Cytonn has sought approval from the Capital Markets Authority (CMA) to register its first Development Real Estate Investment Trust (D-REIT).

The approval will see the company seek out a projected Ksh.2 billion from the public with acquired funds being deployed in the construction of the first phases of two real estate projects in Kiambu’s Ridgeways and Ruiru.”



Lol ati tax payers money 😂😂😂

U should not be allowed unsupervised 😂😂😂
jmbada
#643 Posted : Wednesday, October 16, 2019 1:14:18 PM
Rank: Member


Joined: 1/1/2011
Posts: 385
Horton wrote:
paulkimani wrote:
rwitre wrote:
Horton wrote:

paulkimani wrote:

Angelica _ann wrote:

Cytonn goes for Sh2bn D-Reit to fund projects

Cytonn Investments has applied for a Development Real Estate Investment Trust (D-Reit) at the Capital Markets Authority seeking to raise Sh2 billion.

D-Reit meant to diversify real estate funding is expected to boost Cytonn sources for its real estate development pipeline with a project value of more than Sh82 billion.

Cytonn Real Estate Investment Analyst Bryan Gitia said the funds would be deployed in the development of Phase 1 of The Ridge and Phase 1 of RiverRun estates.

“The Ridge is a comprehensive aspirational lifestyle development on 10 acres in Ridgeways where stage one of the development is complete — including land acquisition, concept, foundation and is 50 percent presold; funds will go towards the second stage of superstructures construction,” he said.

“RiverRun is a master-planned mixed-use community on 100 acres in Ruiru, with a dedicated affordable housing component.”


https://www.businessdail...02378-qn1tx8/index.html



Cytonn is essentially asking for Kshs 2 billion in tax payers money. Cytonn also have released a report that says real estate is stagnant. Stating only facts, not opinions.


Dude get a life! U know cytonn post is not the only post on Wazua right?


Mnasumbua Horton holiday Laughing out loudly Laughing out loudly Laughing out loudly

Also, a D-Reit is not taxpayer's money.


Please read the below article: public/taxpayers - end of the day it’s the general public.
https://citizentv.co.ke/...nded-debt-issue-285345/

In summary:

TITLE “Cytonn lines up first publicly funded debt issue”

BODY OF ARTICLE “Investor manager Cytonn has sought approval from the Capital Markets Authority (CMA) to register its first Development Real Estate Investment Trust (D-REIT).

The approval will see the company seek out a projected Ksh.2 billion from the public with acquired funds being deployed in the construction of the first phases of two real estate projects in Kiambu’s Ridgeways and Ruiru.”



Lol ati tax payers money 😂😂😂

U should not be allowed unsupervised 😂😂😂

Failed off-plan sales?
Horton
#644 Posted : Wednesday, October 23, 2019 1:59:56 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,484
Location: Nairobi
jmbada wrote:
Horton wrote:
paulkimani wrote:
rwitre wrote:
Horton wrote:

paulkimani wrote:

Angelica _ann wrote:

Cytonn goes for Sh2bn D-Reit to fund projects

Cytonn Investments has applied for a Development Real Estate Investment Trust (D-Reit) at the Capital Markets Authority seeking to raise Sh2 billion.

D-Reit meant to diversify real estate funding is expected to boost Cytonn sources for its real estate development pipeline with a project value of more than Sh82 billion.

Cytonn Real Estate Investment Analyst Bryan Gitia said the funds would be deployed in the development of Phase 1 of The Ridge and Phase 1 of RiverRun estates.

“The Ridge is a comprehensive aspirational lifestyle development on 10 acres in Ridgeways where stage one of the development is complete — including land acquisition, concept, foundation and is 50 percent presold; funds will go towards the second stage of superstructures construction,” he said.

“RiverRun is a master-planned mixed-use community on 100 acres in Ruiru, with a dedicated affordable housing component.”


https://www.businessdail...02378-qn1tx8/index.html



Cytonn is essentially asking for Kshs 2 billion in tax payers money. Cytonn also have released a report that says real estate is stagnant. Stating only facts, not opinions.


Dude get a life! U know cytonn post is not the only post on Wazua right?


Mnasumbua Horton holiday Laughing out loudly Laughing out loudly Laughing out loudly

Also, a D-Reit is not taxpayer's money.


Please read the below article: public/taxpayers - end of the day it’s the general public.
https://citizentv.co.ke/...nded-debt-issue-285345/

In summary:

TITLE “Cytonn lines up first publicly funded debt issue”

BODY OF ARTICLE “Investor manager Cytonn has sought approval from the Capital Markets Authority (CMA) to register its first Development Real Estate Investment Trust (D-REIT).

The approval will see the company seek out a projected Ksh.2 billion from the public with acquired funds being deployed in the construction of the first phases of two real estate projects in Kiambu’s Ridgeways and Ruiru.”



Lol ati tax payers money 😂😂😂

U should not be allowed unsupervised 😂😂😂

Failed off-plan sales?


Is it a question or a comment?

If it’s a question, then no 55% in sales on off plan projects is not a bad mark. They are gunning for cheap money here.

People had given these guys 2years? We are now at 6 and stronger than ever. Pole haters

jmbada
#645 Posted : Tuesday, November 05, 2019 2:49:05 PM
Rank: Member


Joined: 1/1/2011
Posts: 385
Horton wrote:
jmbada wrote:
Horton wrote:
paulkimani wrote:
rwitre wrote:
Horton wrote:

paulkimani wrote:

Angelica _ann wrote:

Cytonn goes for Sh2bn D-Reit to fund projects

Cytonn Investments has applied for a Development Real Estate Investment Trust (D-Reit) at the Capital Markets Authority seeking to raise Sh2 billion.

D-Reit meant to diversify real estate funding is expected to boost Cytonn sources for its real estate development pipeline with a project value of more than Sh82 billion.

Cytonn Real Estate Investment Analyst Bryan Gitia said the funds would be deployed in the development of Phase 1 of The Ridge and Phase 1 of RiverRun estates.

“The Ridge is a comprehensive aspirational lifestyle development on 10 acres in Ridgeways where stage one of the development is complete — including land acquisition, concept, foundation and is 50 percent presold; funds will go towards the second stage of superstructures construction,” he said.

“RiverRun is a master-planned mixed-use community on 100 acres in Ruiru, with a dedicated affordable housing component.”


https://www.businessdail...02378-qn1tx8/index.html



Cytonn is essentially asking for Kshs 2 billion in tax payers money. Cytonn also have released a report that says real estate is stagnant. Stating only facts, not opinions.


Dude get a life! U know cytonn post is not the only post on Wazua right?


Mnasumbua Horton holiday Laughing out loudly Laughing out loudly Laughing out loudly

Also, a D-Reit is not taxpayer's money.


Please read the below article: public/taxpayers - end of the day it’s the general public.
https://citizentv.co.ke/...nded-debt-issue-285345/

In summary:

TITLE “Cytonn lines up first publicly funded debt issue”

BODY OF ARTICLE “Investor manager Cytonn has sought approval from the Capital Markets Authority (CMA) to register its first Development Real Estate Investment Trust (D-REIT).

The approval will see the company seek out a projected Ksh.2 billion from the public with acquired funds being deployed in the construction of the first phases of two real estate projects in Kiambu’s Ridgeways and Ruiru.”



Lol ati tax payers money 😂😂😂

U should not be allowed unsupervised 😂😂😂

Failed off-plan sales?


Is it a question or a comment?

If it’s a question, then no 55% in sales on off plan projects is not a bad mark. They are gunning for cheap money here.

People had given these guys 2years? We are now at 6 and stronger than ever. Pole haters


Okay. Will await and read the public disclosure in the filing. Their investor relations section is only updated to Q'3 2017, UNAUDITED financials, and only indicates P&L, not Bal Sheet. I am also unclear on Cytonn's various legal entities.
I also note that EACH of the construction projects has a separate legal entity so I will be keen to see how the holding company proposes to borrow on behalf of these SPVs, disburse funds and service the REIT. Further, the REIT won't be listed on the NSE so even wondering why it needs CMA review (I welcome insight on this) and if so, whether they will offer an OTC option for investors.
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