Centum Re plans to construct over 10,000 housing units across the East African region through the support of KCB Bank.

The subsidiary of Centum Investment Company Plc, which runs several projects in Vipingo, Entebbe, and Nairobi, will bet on the deal to boost its property portfolio.

“The partnership aims to bridge the housing gap with flexible, sustainable home financing solutions by enhancing end-user financing options for customers seeking to purchase units within Centum Real Estate projects, while also supporting Centum with development financing to drive the delivery of quality, modern homes,” KCB Director Mortgage Business Caroline Wanjeri said during the signing of the agreement, which will provide a range of banking solutions, offer end-user financing to facilitate homeownership for prospective buyers in addition to debt financing.

This comes at a time when the government is targeting to build about 500,000 affordable housing units across the country to expand access to quality and secure dwelling places as well as employment opportunities for thousands.

Already, the state has completed some housinprojectsct in various parts of thcountry,ry with others still ongoing.

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“Our developments are designed to serve a wide market with predominantly being investors. A key example is our Two Rivers development, where we are priming the project to cater to the growing demand for rental properties, particularly from the United Nations and diplomatic clientele,” Centum Real Estate Limited Managing Director Kenneth Mbae stated.

“With the expansion of the UN’s operations in Nairobi, we anticipate significant demand for high-quality housing, providing strong dollar denominated returns for our investors and contributing to the continued growth of the region’s real estate market.”