Centum raises Sh3 billion from real estate bond

Centum CEO James Mworia

Centum Investment Group CEO James Mworia during the company's half year results and investor briefing on November 27, 2020.

Photo credit: Salaton Njau | Nation Media Group

What you need to know:

  • Centum Real Estate has a portfolio of 1,482 housing units under construction, out of which 1,202 units are already pre-sold.
  • Centum Real Estate completed and handed over two projects in Vipingo and Pearl Marina in Entebbe, Uganda in October 2020.

A subsidiary of Centum Investment Plc has raised Sh3 billion from a project bond intended to finance construction of its ongoing housing projects.

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