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Centum books Sh5.1bn assets gain from projects

Two Rivers Shopping Mall development is Centum’s key real estate venture. PHOTO | FILE

Centum has recorded a Sh5.1 billion balance sheet gain on its property investments, the bulk of it reflecting revaluation of the massive Two Rivers Mall development.
The unrealised gain is disclosed in the company’s latest annual report.

The gain reflects the huge returns that Centum is generating from the ongoing projects that the Nairobi Securities Exchange-listed firm has initiated in recent years.

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Note: The results are not exact but very close to the actual.

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