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Cytonn Tower vs Britam Tower
Realtreaty
#1 Posted : Friday, March 16, 2018 9:37:40 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 1,970
The workers run away from Britam to just a new as Cytonn.

Who crowned them and sponsored them as they almost brought down a company they worked for?

How did they get all that they have now they are stopping at nothing to come up with big ideas who i can't tell is funding them.

Was Cytonn cleverly born by a multi billionaire who wanted to invest in Kenya but remains faceless as was Safaricom?

I watched the proposed Cytonn Towers and if successful could change Nairobi

I am still trying to unearth the faceless Arab, the American, European or African behind this massive business

https://www.youtube.com/watch?v=7kmtynV6Too
Horton
#2 Posted : Friday, March 16, 2018 10:02:42 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,166
Location: Nairobi
Realtreaty wrote:
The workers run away from Britam to just a new as Cytonn.

Who crowned them and sponsored them as they almost brought down a company they worked for?

How did they get all that they have now they are stopping at nothing to come up with big ideas who i can't tell is funding them.

Was Cytonn cleverly born by a multi billionaire who wanted to invest in Kenya but remains faceless as was Safaricom?

I watched the proposed Cytonn Towers and if successful could change Nairobi

I am still trying to unearth the faceless Arab, the American, European or African behind this massive business

https://www.youtube.com/watch?v=7kmtynV6Too


Realtreaty. Cytonn shareholders are many including myself. You can get a full shareholders list from their offices. But their muscle is mainly from Taaleri, a Finnish firm listed on the Nasdaq
I own shares in KCB,CYTONN, BRK.B
Ericsson
#3 Posted : Saturday, March 17, 2018 2:12:30 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,929
Location: NAIROBI
Britam towers has no tenant.
Who is the tenant at Cyton towers
Horton
#4 Posted : Saturday, March 17, 2018 10:07:17 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,166
Location: Nairobi
Ericsson wrote:
Britam towers has no tenant.
Who is the tenant at Cyton towers


Cytonn towers are 3 towers. They just launched the residential towers first. Haven’t launched the others yet. Anyone can buy a unit or 2.
I own shares in KCB,CYTONN, BRK.B
Realtreaty
#5 Posted : Sunday, March 18, 2018 7:24:43 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 1,970
But where is such a young kambuni getting all the money from. Do you want to tell me money was made for them not for Britam that has been there for almost 30 yrs and just made a tower that is yet to open?

They must have been led out of Britam by moneyed mogulssmile smile
Realtreaty
#6 Posted : Thursday, March 29, 2018 10:08:34 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 1,970
Lack of recognition and growth by Company leaders and owners is one thing killing careers and bringing down firms.

Cytonn directors were managers at Britam and found their input was being neglected by either proper pay and /or partnering and so threatened to kill the mother country by exiting it and forming a new in.

The world is about competition and to be wary of it you have to grow and nature your staff.

obiero
#7 Posted : Thursday, March 29, 2018 10:16:07 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,376
Location: nairobi
Britam Towers is a beautiful piece of architecture.. Very well done
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
Pesa Nane
#8 Posted : Saturday, April 14, 2018 12:01:15 AM
Rank: Elder


Joined: 5/25/2012
Posts: 3,736
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Realtreaty
#9 Posted : Saturday, April 14, 2018 1:57:50 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 1,970
Pesa Nane wrote:


Such people should be heavily penalized by the court an amount equivalent to delayed expenses.
Some of these people are used by outsiders to delay Kenyan development by getting tipped to create such nuisance

It is time Kenyan courts did their work and issue heavy penalties to pretenders.
wukan
#10 Posted : Sunday, April 15, 2018 10:19:41 AM
Rank: Member


Joined: 11/13/2015
Posts: 696
Realtreaty wrote:
Pesa Nane wrote:


Such people should be heavily penalized by the court an amount equivalent to delayed expenses.
Some of these people are used by outsiders to delay Kenyan development by getting tipped to create such nuisance

It is time Kenyan courts did their work and issue heavy penalties to pretenders.


I took a walk/drive around Nairobi and have to admit things are changing so fast in the real estate the old low rise nairobi will eventually fade away. The old model of single dwelling houses does not seem to appeal to younger nairobians. They want flats and apartments and car-centric city. I don't think the water, roads, sewer infrastructure in kili and lavi can accommodate all that additional highrises.
Stiffler
#11 Posted : Sunday, April 15, 2018 3:02:41 PM
Rank: Member


Joined: 11/7/2017
Posts: 176
Location: Nairobi
wukan wrote:
Realtreaty wrote:
Pesa Nane wrote:


Such people should be heavily penalized by the court an amount equivalent to delayed expenses.
Some of these people are used by outsiders to delay Kenyan development by getting tipped to create such nuisance

It is time Kenyan courts did their work and issue heavy penalties to pretenders.


I took a walk/drive around Nairobi and have to admit things are changing so fast in the real estate the old low rise nairobi will eventually fade away. The old model of single dwelling houses does not seem to appeal to younger nairobians. They want flats and apartments and car-centric city. I don't think the water, roads, sewer infrastructure in kili and lavi can accommodate all that additional highrises.


Yes. The Hazina Towers faced a similar challenge. Packing space and effect of such an investment on the general traffic flow around the area.
So the question is should we hold back on investments simply because we fear the existing infrastructure might be inadequate. Or should we be thinking of how to improve the existing infrastructure to support future developments
shocks
#12 Posted : Sunday, April 15, 2018 5:11:24 PM
Rank: Member


Joined: 3/15/2009
Posts: 313
Realtreaty wrote:
Pesa Nane wrote:


Such people should be heavily penalized by the court an amount equivalent to delayed expenses.
Some of these people are used by outsiders to delay Kenyan development by getting tipped to create such nuisance

It is time Kenyan courts did their work and issue heavy penalties to pretenders.

He is the owner of cavina school, he is afraid the tower and the traffic it will attract will kill his school
Gathige
#13 Posted : Sunday, April 15, 2018 6:53:18 PM
Rank: Veteran


Joined: 3/29/2011
Posts: 1,834
Stiffler wrote:
wukan wrote:
Realtreaty wrote:
Pesa Nane wrote:


Such people should be heavily penalized by the court an amount equivalent to delayed expenses.
Some of these people are used by outsiders to delay Kenyan development by getting tipped to create such nuisance

It is time Kenyan courts did their work and issue heavy penalties to pretenders.


I took a walk/drive around Nairobi and have to admit things are changing so fast in the real estate the old low rise nairobi will eventually fade away. The old model of single dwelling houses does not seem to appeal to younger nairobians. They want flats and apartments and car-centric city. I don't think the water, roads, sewer infrastructure in kili and lavi can accommodate all that additional highrises.


Yes. The Hazina Towers faced a similar challenge. Packing space and effect of such an investment on the general traffic flow around the area.
So the question is should we hold back on investments simply because we fear the existing infrastructure might be inadequate. Or should we be thinking of how to improve the existing infrastructure to support future developments


In order of precedence, problems comes first and solutions to resolve them are found. If there were solutions for everything first, nothing would ever be done.


"Things that matter most must never be at the mercy of things that matter least." Goethe
Realtreaty
#14 Posted : Sunday, April 15, 2018 6:55:10 PM
Rank: Veteran


Joined: 8/16/2011
Posts: 1,970
shocks wrote:
Realtreaty wrote:
Pesa Nane wrote:


Such people should be heavily penalized by the court an amount equivalent to delayed expenses.
Some of these people are used by outsiders to delay Kenyan development by getting tipped to create such nuisance

It is time Kenyan courts did their work and issue heavy penalties to pretenders.

He is the owner of cavina school, he is afraid the tower and the traffic it will attract will kill his school



d'oh! d'oh!
So the world should stop for him and his school.
Wish the court fine him dearly.
Ericsson
#15 Posted : Sunday, April 15, 2018 7:46:36 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,929
Location: NAIROBI
The problem is the zoning laws by Nairobi County government.
Kilimani as it is there is no plan,houses,offices, houses.
The place where there seems to be a plan is upper hill
KulaRaha
#16 Posted : Monday, April 16, 2018 9:22:45 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,223
Madness to build that in Kilimani...anyways its Cytonn...nothing will materialise.
Business opportunities are like buses,there's always another one coming
Speculz
#17 Posted : Monday, April 16, 2018 11:41:29 AM
Rank: Member


Joined: 5/6/2011
Posts: 370
Location: Nairobi
Realtreaty wrote:
Pesa Nane wrote:


Such people should be heavily penalized by the court an amount equivalent to delayed expenses.
Some of these people are used by outsiders to delay Kenyan development by getting tipped to create such nuisance

It is time Kenyan courts did their work and issue heavy penalties to pretenders.


Visit Kilimani when it rains , infrastructure should be upgraded first , everyone is busy putting up buildings with no infrastructure upgrades to support the same.

"You can't have everything. Where would you put it?" - Stephen Wright
wukan
#18 Posted : Monday, April 16, 2018 11:54:40 AM
Rank: Member


Joined: 11/13/2015
Posts: 696
Ericsson wrote:
The problem is the zoning laws by Nairobi County government.
Kilimani as it is there is no plan,houses,offices, houses.
The place where there seems to be a plan is upper hill


Kilimani was re-zoned to allow for flats and commercial use to decongest CBD but the infrastructure was not upgraded to match the higher density. Upper hill was planned as a small financial district which is why it appears better organized.

Kilimani residents rejected the project and the Cytonn guys walked out on the residents. The drama continues...
Pesa Nane
#19 Posted : Monday, April 16, 2018 12:28:08 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,736
Location: 08c
wukan wrote:
Ericsson wrote:
The problem is the zoning laws by Nairobi County government.
Kilimani as it is there is no plan,houses,offices, houses.
The place where there seems to be a plan is upper hill


Kilimani was re-zoned to allow for flats and commercial use to decongest CBD but the infrastructure was not upgraded to match the higher density. Upper hill was planned as a small financial district which is why it appears better organized.

Kilimani residents rejected the project and the Cytonn guys walked out on the residents. The drama continues...

In such a scenario, what happens to the numerous investors who have been binge buying since the launch last year?
Pesa Nane plans to be shilingi when he grows up.
wukan
#20 Posted : Monday, April 16, 2018 1:22:01 PM
Rank: Member


Joined: 11/13/2015
Posts: 696
Pesa Nane wrote:
wukan wrote:
Ericsson wrote:
The problem is the zoning laws by Nairobi County government.
Kilimani as it is there is no plan,houses,offices, houses.
The place where there seems to be a plan is upper hill


Kilimani was re-zoned to allow for flats and commercial use to decongest CBD but the infrastructure was not upgraded to match the higher density. Upper hill was planned as a small financial district which is why it appears better organized.

Kilimani residents rejected the project and the Cytonn guys walked out on the residents. The drama continues...

In such a scenario, what happens to the numerous buyers who have been buying since the launch last year?


The buyers have to wait until the zoning fight is over which means the Nairobi county, NEMA, KURA etc approve the project. Zoning quarrels are not easy to resolve that's why a developer hires project consultants to deal with all the challenges. The buyers can opt to wait it out because they are getting prime real estate or they give up and demand a refund of their cash in which case the project collapses. The residents can also decide to quit the area by starting to sell off their properties which either devalues the area(e.g. in Karen when it was re-zoned to allow 0.5 acres) or completely changes the character of the neighborhood(e.g. Eastleigh where original landowners sold out). Cytonn is not being diplomatic and those residents are also deep pocketed so it's a wait and see.
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