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Cytonn's dream to build Sh21b tower in city shattered


THE STANDARD
By
Dominic Omondi |
January 7th 2021 at 00:00:00 GMT +0300
Cytonn Investments CEO Edwin Dande. [File, Standard]
Cytonn Investments plans to sell one of its prime plots in Nairobi, ending its dream to build a Sh21 billion tower.
Edwin Dande, the Cytonn chief executive yesterday said the company had resolved to put its four-acre plot in Kilimani up for sale following negative publicity on the project. 
The firm will be accepting bids for the plot, with the proceeds to be used to improve liquidity for the company’s real estate funds.
“We are selling the best land in Kilimani, bids welcome,” Dande posted on Facebook. ....

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