Leading Real Estate Professional Services Practitioner with over 30 years experience.
Joined June 2009
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55 Photos and videos
V Gikonyo Gitonga retweeted
Joint statement on the intended prosecution of members of the Nairobi City County Urban Planning Technical Committee
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V Gikonyo Gitonga retweeted
Jun 2
I told @CentumPLC CEO, @MworiaJ, that in my thinking, the US$37.3 Million I-REIT should ideally have been a restricted offer or at least target institutional player.
So why the opening up to retail investors & how do they intend to mitigate secondary market liquidity risk for retail investors?
Mworia makes the following points:
· The design of the REIT targets the Kenyans who have hard currency deposits lying in banks fetching 3.0% - 4.0% return p.a.
· Worth pointing out here that the country’s banking system closed March 2026 at Kes 1.36 trillion worth of foreign currency deposits having grown from Kes 1.24 trillion in March 2025, posting a 9.7 percent increase y/y
· To address the secondary market liquidity risk, he says the issuer has partnered with Nabo Capital to set up a US$4.0 Millon (Kes 517.8 Million) liquidity pool to provide ready counter party in instances where an investor seeks exit but struggles to find a buyer
Jun 2
Two Rivers International Financial & Innovation Centre (@trificsez) is in the market with an I-REIT seeking US$37.3 Million from both retail & institutional investors.
When I sat down with Centum Investment (@CentumPLC) CEO, my first question was how the instrument will manage to deliver a relatively high yield in US$.
He makes the following points:
· The rental cashflow from the Special Economic Zone is US$ denominated because all entities hosted there are service export facing
· The 8.0% yield was a product of managing to hive off a lot of the expenses associated with structuring a REIT (expense to gross yield ratio)
· The Nairobi Securities Exchange, for instance, extended a discount that allowed the I-REIT to unlock further return for the investor
· All properties going into the REIT are already fully let out & therefore the investors have no exposure to occupier risk as they take on the instrument
· The I-REIT also factors in a 3.0% biennial rent escalation clause which helps in propping the yield
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V Gikonyo Gitonga retweeted
The safety of learners must never be left to chance.
In response to recurring dormitory fire tragedies and safety concerns in boarding schools, the Architectural Association of Kenya (AAK) is pleased to share the Proposal for Safe School Dormitories in Kenya by Dr. Tuesday Gichuki, Architect.
The proposal outlines practical recommendations on dormitory design, fire safety, emergency exits, occupancy limits, inspections, supervision, and emergency preparedness to help create safer learning environments for all learners.
We invite school boards, education stakeholders, built environment professionals, policymakers, and the public to review and support these recommendations.
Download the full proposal here: aak.or.ke/opinion-editorials…
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V Gikonyo Gitonga retweeted
May 16
Home to Kenya’s only sky garden apartments.
Today, we proudly mark the handover of Phase 1 of Cascadia — a milestone that reflects vision, innovation, and elevated living brought to life.
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V Gikonyo Gitonga retweeted
We are happy to open a new chapter of partnership with @KarenGolfClub to deliver tangible social & economic benefits for vulnerable communities around the Club. This was demonstrated through a recent KEPSA Foundation-sponsored tree planting at the Club kepsa.or.ke/news#news/kepsa%…
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V Gikonyo Gitonga retweeted
KPDA General Manager, will be speaking on how PPPs can unlock East Africa's real estate potential.
All members enjoy an exclusive 20% discount on delegate passes for this year’s summit. Check your email for your member access code.
Register here: taptickets.co.za/event/691c4…
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V Gikonyo Gitonga retweeted
Congratulations to my former colleague from our days at @KenGenKenya, Moses Wekesa, on your appointment as the Managing Director of the Kenya Airports Authority (KAA).
Having worked closely with you, I must admit your leadership caliber, strategic mind, and dedication to excellence. Transitioning from the energy sector to the heart of our aviation industry is a significant milestone, and I can think of no one better suited to steer KAA during this pivotal time of infrastructure modernization.
Our airports are the primary gateways to Magical Kenya, and a seamless aviation experience is the first step in a visitor’s journey to our parks and beaches.
Success in your new role, Moses 🇰🇪!
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V Gikonyo Gitonga retweeted
🚨 PRESS RELEASE: The KAA Board has appointed Mr. Moses Wekesa as Managing Director/CEO following a competitive process. He will lead KAA’s transformation agenda, including the modernization and expansion of Jomo Kenyatta International Airport.
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V Gikonyo Gitonga retweeted
Mar 19
For visual reference, the green area shows where the parking lot is, the blue area marks the former location of Ukay Center, and the pink line indicates a drain that carries water from the river on the opposite side of Peponi Road.
Governor @JohnsonSakaja today led a multi-agency team in demolishing an illegal car park along River Kibagare near Westgate Mall.
He reiterated that no compensation will be issued for illegal encroachments, urging occupants along riparian land to vacate ahead of ongoing works.
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V Gikonyo Gitonga retweeted
#RIPPapa! Joined family & friends of my late Classmate & colleague Mugambi Kiai at the interment ceremony in Nyaribo, Nyeri County. Also In attendance was Hon Millie Odhiambo, CJ Emiritus Willy Mutunga, Legal Practitioners, Civil society Reps & Many more. Go In Peace Bro🕊️🕊️🕊️
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V Gikonyo Gitonga retweeted
The Alliance anthem echoed with deeper meaning yesterday.
During the memorial service for Mugambi Kiai (Class of 1989, Grieve House, School No. 4951), Old Boys gathered to honor a man who carried the Alliance spirit with rare conviction.
He once described himself as “I am Alliance, the mosaic burning bush that never burns down.”
Mugambi believed in the power of the Alliance brotherhood and worked tirelessly to bring Old Boys together.
As this anthem was sung in his memory, it reminded us that the spirit he embodied will continue to live on.
Rest in peace, Mugambi.
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V Gikonyo Gitonga retweeted
Feb 28
Sakaja’s green army on the spot amid claims of sexual harassment, explosive labour practices
zurl.co/bfz0b
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V Gikonyo Gitonga retweeted
26 Nov 2023
I said it before, am saying it again, one day someone will look at Kenya and say, here lie the ruins of a country destroyed by greed.
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V Gikonyo Gitonga retweeted
Feb 26
Milestone today: Launch of the Decarbonization Roadmap for Kenya by the Global Buildings Performance Network in collaboration with the State Department for Public Works, Architectural Association of Kenya and partners.
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V Gikonyo Gitonga retweeted
How profitable is the Nairobi Expressway that someone has so loved the country that they have volunteered to turn Thika Road into an Expressway that whoever believes in getting home early shall enjoy everlasting tolls for 30 years going to a private investor
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V Gikonyo Gitonga retweeted
Feb 25
Nairobi needs to shift from trying to solve every mobility challenge with flyovers, wider roads, and elevated highways to investing in fast and reliable public transport.
Kenyatta Avenue viaduct is set to transform city travel; creating an elevated corridor, it will ease CBD congestion & allow uninterrupted traffic and cut commute times. It also boosts safety by separating through traffic from local vehicles and pedestrians.@Roads_KE @KeNHAKenya
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V Gikonyo Gitonga retweeted
Feb 25
#LandCommissionNominees: Professionals reject #LandCommissionNominees, cite capacity gaps
@NLC_Kenya @DeptofLands @NAssemblyKE @isk_kenya @PLANNINGKe @Arch_KE @KEPSA_KENYA @enyadimo @gikonyo_gitonga @LawSocietyofKe @NGECKenya
businessdailyafrica.com/bd/o…
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V Gikonyo Gitonga retweeted
Feb 25
🏗 A new 4,096-unit affordable housing project will be coming up in Starehe.
And interestingly, it’s planned for the plot right next to Starehe Boys’ Centre on the former government housing estate (L.R. 209/20158 & 209/20159).
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V Gikonyo Gitonga retweeted
Feb 23
Thanks for adding your voice to this vexing matter, @PLA
The effectiveness of @NLC_Kenya depends on leadership with appropriate land-sector expertise.
KIP urges Parliament to apply a competence-based vetting standard to safeguard institutional integrity and public confidence in land governance.
📄 Full statement attached.
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