NAIROBI, Kenya, Aug 20- Superior Homes Kenya has appointed Shiv Arora as the new Chief Executive Officer, effective August 2020.
The company says it has created the CEO position to drive the future growth of Superior Homes, who plan to announce two new projects before the end of this year, in addition to their ongoing real estate development projects on over 150-acres.
Arora previously worked as a Chief Operating Officer at Cytonn investments and saw the company in acquire a 25 percent stake in the family-owned Superior Homes Kenya Ltd business in May 2017, which has had plans to list on the Nairobi Securities Exchange (NSE).
According to the board of directors of Superior Homes, Arora is a well-rounded, seasoned, and entrepreneurial professional in the real estate and investment industry, with experience spanning across banking, investment management, private equity, and real estate.
“We are delighted to welcome Shiv to Superior Homes, his track record, depth of international and local experience with Citibank, Britam Asset Managers and Cytonn, and his passion around joining our growing business makes him an ideal leader, “said former CEO Ian Anderson.
Superior Homes has also announced the completion of construction and handed over houses to over 500 families in their Greenpark development along Mombasa Road, which are now occupied.
The development offers a gated community lifestyle with amenities such as schools, club house and good security.
Additionally, in the hospitality industry, Superior Homes has the completed the 50-villa luxurious Lake Elementaita Mountain Lodge in Nakuru County, and close to completion of Phase 1A of the 100-acre development in Kilifi County, called Pazuri at Vipingo.
“The Board congratulates Shiv Arora on his new appointment and thanks all stakeholders for their continued support. We are confident as a Board that Shiv has what it takes to steer Superior Homes to the next level,” reads the company’s statement.