Episode 17: Centum Real Estate

Welcome to the Mwango Capital Podcast where we discuss topical issues on African capital markets.

In this episode, we host Samuel Kariuki, Centum Real Estate’s Managing Director, and Fred Murimi, the Managing Partner at Centum Capital Partners, to discuss Centum Real Estate’s business model and objectives, its projects, and the KES 17B investment commitment from GEM.

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Show Notes

[00:03:13] - Introduction

[00:06:13] - Centum Capital Partners and Centum’s capital structure

[00:08:27] - Cash generation, raising project capital, and value addition metrics

[00:24:52] - GEM (Growth Enterprise Markets)

[00:28:40] - NAV/Price Gap

[00:40:40] - 2022 outlook

[00:51:27] - Optimal financing structure

[00:55:37] - Business model and objectives

[01:02:30] - Real estate pertinent risks

[01:10:43] - The Ugandan market

[01:12:14] - Cash payments vs mortgage

[01:15:13] - REITS

[01:16:37] - Working at Centum