#cytonn

[booksandcs]

Proverbs 18:24

A man that has friends must himself be friendly. “But there is a friend who sticks closer than a brother. Photo by Cytonn Photography on Pexels.com

[the-cleaver-of-truth]

Networking 101

Networking is the new currency of transacting the exchange between people and opportunities. If you have been keen enough, you must have heard people saying, “Your network is your net worth,” and I wouldn’t debate that opinion.  Credits: Cytonn Photography Before we go further, it is essential that we read from the same page. By experience, I have learned that different concepts mean different…

[careerkenyan]

Cytonn Housekeeping Supervisor Job

Cytonn Housekeeping Supervisor Job Housekeeping Supervisor Job, Current Hotel Jobs Kenya 2022, Cysuites Apartment Hotel is a luxurious serviced apartment hotel located along Church Road, off Waiyaki Way in Nairobi’s bustling Westland’s area. The hotel offers 32 two-bedroom apartment, 6 one-bedroom apartment and 2 penthouses. These fully serviced apartments offer contemporary living and working spaces fitted with amenities to meet the needs of short and extended stays within a serene location which is the perfect home away for both business and leisure travellers. The all-day dining restaurant serves a variety of both Kenyan and continental dishes. The bar area features a fine selection of wines alongside a wide range of spirits and Signature Cocktails. The hotel has fitness facilities to help you keep up with your fitness regime while staying with us, including a heated pool. The Housekeeping supervisor is the lead housekeeper on a team, he or she will be required to oversee all housekeeping duties within the facility. Responsibilities - Supervising outsourced housekeeping staff as duties are being performed. - Supervises the duties and tasks of laundry staff - Stocks and maintains supply rooms, orders supplies according to budget. - Receives, processes and handles guest complaints in regard to housekeeping services. - Ensure that Apartments and Public Areas are kept clean and free from hazards. - Organize all staff and the duty roster on their day to day duties. - Assist guest with basic requests. - Provide high level of customer service and ensure the team complies. - Train staff on good housekeeping practices in line with the Companies requirements. - Adhere to the Companies Standard Policies and Procedures - Any other duties as maybe assigned from time to time Qualifications - 3 years experience in a housekeeping role - Diploma or a Certificate in Hotel and Institutional Housekeeping and Laundry or equivalent - Work planning and organization skills - Communication and interpersonal skills - Covid-19 vaccination certificate How to Apply Apply for the job here N.B: Looking For A New Job? Find Your Next Job With Us. Click Here To Register Your CV. It's Free. Audrey Korir2022-06-27T19:30:52+03:00 Read the full article

[newscheckz]

CYTONN REPORT: NAIROBI OFFICE RENTAL DROPS BY 0.5%

New Post has been published on https://newscheckz.com/cytonn-report-nairobi-office-rental-drops-by-0-5/

CYTONN REPORT: NAIROBI OFFICE RENTAL DROPS BY 0.5%

GIGIRI AND KAREN WERE THE BEST PERFORMING COMMERCIAL OFFICE NODES IN THE NAIROBI METROPOLITAN AREA WITH RENTAL YIELDS OF 8.5% AND 7.8%, RESPECTIVELY.

ON OVERALL, THE COMMERCIAL OFFICE SECTOR RECORDED AN AVERAGE RENTAL YIELD OF 7.0% IN 2020, 0.5% POINTS LOWER THAN 7.5% RECORDED IN 2019. Cytonn Real Estate, the development affiliate of Cytonn Investments, has released their Nairobi Metropolitan Area Commercial Office Report-2021.

The report analyses the performance of the commercial office sector in the Nairobi Metropolitan Area (NMA) through tracking the changes in occupancies, rental yields and rental rates.

It also outlines the commercial office space demand, supply, opportunities and outlook of the sector.

According to the report, the commercial office sector performance softened in 2020 recording a 0.5% points decline in average rental yields to 7.0% from 7.5% in 2019. Occupancy rates declined by 2.6% points to 77.7% in 2020, from 80.3%, in 2019.

Asking rents and prices declined by 3.0% and 2.8% respectively to an average of Kshs 93 and Kshs 12,280 per SQFT in 2020 from per SQFT from Kshs 96 and Kshs 12,638 per SQFT, respectively in 2019.

The subdued performance was largely driven by: •    Increased supply with the introduction of 0.8 mn SQFT office space to the market resulting to reduced occupancies and hence an oversupply of 7.3 mn SQFT which has forced developers and landlords to reduce or maintain prices and rents in order to remain competitive and attract occupants to their office spaces, and, •    The Covid -19 lockdown measures leading businesses to restructure their operations leading to lower demands for office space. The Nairobi Metropolitan Area (NMA) commercial office market performance by nodes-2020 is summarized below

(All values in Kshs unless stated otherwise)

In 2020, Gigiri, Karen and Westlands were the best performers recording an average rental yield of 8.5%, 7.8%, and 7.8%, respectively, due to their superior locations leading to the possibility of charging premium rents and the availability of quality Grade A offices.

Thika Road and Mombasa Road were the worst performing nodes recording rental yields of 5.8% and 4.8%, respectively, attributed to poor location as a result of traffic congestions, and lower quality office spaces, that are generally unattractive to many businesses.

The performance across the three offices grades, Grade A, B and C in 2020 softened with the average yields on the Grade A, Grade B and Grade C declining to 6.8%, 7.5% and 6.8% from 7.4%, 7.9% and 7.2%, in 2019, respectively.

Grade B office spaces had the highest rental yields at 7.5% as tenants prefer them because of their cheaper rents as compared to grade A office while having decent technical services (not as good as those of grade A) and ample security.

In 2020, serviced offices recorded yields of 11.2%, 4.2% points higher than the un-serviced offices’ yield of 7.0%.

This is attributed to the attractiveness of the office setup to small businesses, start-ups and freelancers due to; (i) flexibility of the leases, (ii) no set-up costs required, and, (iii) opportunities for collaboration with other individuals/businesses in a competitive working environment.

The table below summarizes metrics that have a possible impact on the commercial office sector, that is the commercial office space supply, performance, commercial office space demand, and concluding with the market opportunity/outlook in the sector; Key: Green – POSITIVE, Grey – NEUTRAL, Red – NEGATIVE highlights sectorial outlook

[nipashe411]

State offers 40pc of pension savings for home purchase

[copiosis]

How Copiosis Makes Powerful Enemies Into Great Friends

How Copiosis Makes Powerful Enemies Into Great Friends. The New World Order giving everyone what they want. But at the start, some may not like what we offer at all. Here's how we expect to change that.

Photo by Cytonn Photography on Unsplash Two really big groups of people will probably really dislike Copiosis. So much so they could become our enemies. One group: those profiting through the banking industry. The other, and this is multi layered, comprise those profiting from the financial and drug industries. How does Copiosis address their concerns? If we cannot, such groups potentially can…

[worklabournewsresearch]

Meow Wolf Union Files Unfair Labor Practice Complaints

Vitu, T. (2022, January 21). Meow Wolf union files unfair labor practice complaints. Yahoo! Finance. https://finance.yahoo.com/news/meow-wolf-union-files-unfair-160200823.html

Teya Vitu writes: "A year-old union representing some Meow Wolf employees in December filed unfair labor practices complaints against the company with the National Labor Relations Board...'This came after multiple attempts to resolve issues directly with the company,' the collective stated on social media."

"The workers collective's list of complaints includes:

Meow Wolf changing holiday and time off policies without negotiating.

Requiring new employees to sign an agreement in order to be hired without negotiating the agreement with the collective.

Refusing to provide critical information needed for the contract negotiation process."

"Meow Wolf issued a written statement in response to the complaints. 'We are aware that the MWWC/CWA has filed unfair labor charges with the NLRB and we are awaiting further details as to the nature of the charges at this point in time,' the company said in the statement. 'Meow Wolf has been negotiating in good faith with the Union and we anticipate reaching a final contract soon.'"

Additional Information

Oliveira, A. (2022, January 20). What Happened When a Trippy Art Collective Hit It Big—Then Unionized. The New Republic. https://newrepublic.com/article/165071/meow-wolf-union

Meow Wolf Workers Collective. Union for Meow Wolf. https://www.unionformeowwolf.com/

Meow Wolf Workers Collective. Twitter. https://twitter.com/MWWCNM

Meow Wolf Workers Collective. Instagram. https://www.instagram.com/mwwcnm/

Photo Source: Cytonn Photography. (2018). Contract [Photograph]. Unsplash. https://unsplash.com/photos/GJao3ZTX9gU

[shadowingai]

You’ve had multiple job interviews in the past. However, what about getting feedback on your job interview performance? It’s true, most employers can provide applicants with a written review of their interview. Even if the feedback is not provided, it is important to take notes on what went well and what could have been done better during the interview. Interview feedback can definitely be beneficial.

Most employers, after interviewing a candidate, let them know the results in about 2 days. When it comes to big companies, this time can stretch to a week or even 2 weeks. This is to give them enough time to think through your resume, test you, give others an interview and make up their minds. Meanwhile, you should keep looking and applying until you find the right opportunity. 

If an employer offers you a job offer on the spot - which is not typical - it is appropriate to thank the employer and to tell them that you would like to consider this opportunity carefully. If you don’t get selected, figure out where you are losing! Now improve your answers and prepare yourself for the next interview. There is always another job opportunity around the corner.

References:

Image reference:

VISIT FOR MORE INFO: https://shadowing.ai/blog/how-to-prepare-yourself-after-the-interview

[dailyjobse]

Pensions Officer job at Cytonn Investments

Pensions Officer job at Cytonn Investments

Vacancy title: Pensions Officer [ Type: FULL TIME , Industry: Business Management and Administration , Category: Management Officer ] Jobs at: Cytonn Investments   Deadline of this Job: 30 June 2022 Duty Station: Within Kenya , Nairobi , East Africa Summary Date Posted: Thursday, June 16, 2022 , Base Salary: Not Disclosed JOB DETAILS: The Pension Officer will primarily ensure that schemes operate…

[atikaschool]

New Jobs at Cytonn Investments

New Jobs at Cytonn Investments

New Jobs at Cytonn Investments Sales Executive jobs, Tours and Travel Operations jobs, Hospitality jobs, Accounting jobs, Finance jobs, Business related jobs, Financial Advisor (Sales Executive)- Mount Kenya RESPONSIBILITIES Present, promote and sell our products to existing and prospective clients Establish, develop and maintain positive business and customer relationships Reach potential…

[bongojobs1]

Job Opportunities at Cytonn Investments September, 2021

Job Opportunities at Cytonn Investments September, 2021

Job Opportunities at Cytonn Investments September, 2021 Job Opportunities at Cytonn Investments September, 2021; The Call Centre Supervisor will be tasked with managing and building strong client relationship management and integration with other business unit leads across the company for efficient services delivery to clients. This position will also be responsible for overall day-to-day…

[careerkenyan]

Cytonn Human Resource Internships in Kenya

Cytonn Human Resource Internships in Kenya Human Resource Internships at Cytonn Cytonn Investments is an independent investment management firm, with offices in Nairobi – Kenya and D.C. Metro – U.S. We are primarily focused on offering alternative investment solutions to global institutional investors, individual high net-worth investors, local institutional investors and diaspora investors interested in the East-African region. We currently have over Kshs. 74 billion of investments and projects under mandate, mainly in real estate. To manage its rapid growth, the company is looking for highly motivated, dynamic, hardworking and self-driven team players to join the team in the Human Resource department. Responsibilities for the Human Resource Internships - Ensure all staff files are up to date; - Monitor the Leave System; - Assist in the development of various HR manuals, processes, policies and their adjacent forms; - Co-ordinate/Administrate the various recruitment tasks from advertising up until onboarding the successful candidates; - Co-ordinate staff insurance records and act as a liaison with the insurance company / broker; - Oversee staff, subsistence, travel and associated cost management; Communicate to staff on general staff matters; - Enter data into the database or HR system for maintaining accurate records; - Maintain and developing the filing system of personnel; - Assist in administering staff benefits, programs, and events. Human Resource Internships Requirements - Must have achieved at least a B+ of equivalent in high school; - Graduated or will graduate with at least a second class upper honors from university; - Demonstrate leadership qualities; - Be committed to succeeding in a team context; - Excellent communication, influencing and interpersonal skills; - High levels of energy and enthusiasm and ability to work long hours and under pressure to deliver timely solutions/deliverables. How to Apply Apply here online before May 2nd, 2017. N.B: Looking For A New Job? Find Your Next Job With Us. Click Here To Register Your CV. It's Free. Perminus Wainaina2017-04-21T14:59:34+03:00 Read the full article

[newscheckz]

NODE FOR MIXED USE DEVELOPMENTS

New Post has been published on https://newscheckz.com/node-for-mixed-use-developments/

NODE FOR MIXED USE DEVELOPMENTS

WESTLANDS THE BEST PERFORMING NODE FOR MIXED USE DEVELOPMENTS, (MUDs), RECORDING AN AVERAGE MUD RENTAL YIELD OF 8.5%, 1.4% POINTS HIGHER THAN THE MARKET AVERAGE OF 7.1%.

Cytonn Real Estate, the development affiliate of Cytonn Investments, released their Nairobi Metropolitan Area Mixed-Use Developments (MUDs) Report-2020 which analyses the performance of the MUDs within the Nairobi Metropolitan Area through tracking the changes in occupancies, rental yields and rental rates. It also outlines the outlook and investment opportunity for MUDs.

According to the report, in 2020 Mixed-Use Developments recorded an average rental yield of 7.1%, 0.3% points higher than the respective single use retail, commercial office and residential themes average of 6.8%.

The retail, offices and residential spaces in MUDs recorded rental yields of 7.8%, 7.3% and 6.2%, respectively, compared to the single-use average of 7.5%, 7.2%, and 5.6%, respectively.

The relatively better performance by MUDs is attributed to the prime locations, mostly serving the high and growing middle class supported by the concept’s convenience as it incorporates working, shopping and living spaces.

However, on overall, MUDs recorded a 0.2% points y/y decline in average rental yield to 7.1% in 2020 from 7.3% in 2019, attributed to a tough economic environment caused by the Covid-19 pandemic that constrained consumer spending, led to reduced demand of space in MUDs amid reduced disposable income and reduced investor appetite as investors adopt a wait and see attitude in the wake of market uncertainty.

The table below shows the performance of mixed-use developments compared to single-use themes between 2019 and 2020:

Thematic Performance of MUDs in Key Nodes 2019-2020

  MUD Themes Average

Single-Use Themes Average

  Rental Yield % 2020

Rental Yield % 2019

Rental Yield % 2020

Rental Yield % 2019

∆ in y/y MUD Rental yields

∆ in MUD vs Single-Use Rental Yield 2019

Retail

7.8%

8.4%

7.5%

8.0%

(0.6%)

0.3%

Offices

7.3%

7.9%

7.2%

7.7%

(0.6%)

0.1%

Residential

6.2%

5.4%

5.6%

5.0%

0.8%

0.6%

Average

7.1%

7.3%

6.8%

6.9%

(0.2%)

0.3%

·         Mixed-Use Developments recorded average rental yields of 7.1%, 0.3% points higher than the respective single-use retail, commercial office and residential themes average of 6.8% in 2020

According to the report, Westlands was the best performing node recording an average MUD rental yield of 8.5% with the retail, office and residential spaces recording rental yields of 9.8%, 8.2% and 7.0%, respectively, 2.0%, 0.9% and 0.8% points higher than the market averages of 7.8%, 7.3% and 6.2%, respectively.

The performance was attributed to availability of prime office and retail spaces resulting in relatively high demand, and,  the area being a prime commercial node with high demand for commercial and residential space supported by the relatively good infrastructure.

Limuru Road and Karen came in second position with an average MUD rental yield of 7.3% each, largely driven by their attractiveness as retail destinations with malls such as Two Rivers and Galleria offering high quality retail spaces in addition to hosting high income earners with relatively high purchasing power especially in the case of Karen.

Eastlands was the worst performing node recording an average rental yield of 5.5% attributed to low rental charges due to unavailability of quality space and relatively high competition from informal Mixed-Use Developments.

The table below shows the performance of Mixed-Use Developments by node in 2020:

(All values in Kshs Unless stated otherwise)

Nairobi’s Mixed-Use Developments Market Performance by Nodes 2020

Retail Performance

Office Performance

  Price/SQFT

Rent/SQFT

Occupancy (%)

Rental Yield (%)

Price/ SQFT

Rent/SQFT

  15,833

178

70.8%

9.8%

12,667

117

  23,900

223

85.0%

9.5%

13,500

130

  23,333

143

88.5%

6.7%

13,200

123

  17,400

143

75.0%

7.5%

13,250

108

  15,485

120

65.0%

6.0%

12,500

107

  20,000

150

70.0%

6.3%

13,000

100

  26,250

200

85.0%

8.5%

13,750

105

  20,000

110

80.0%

5.3%

12,000

100

  18,857

157

75.7%

7.8%

12,957

112

  ·         Westlands was the best performing node recording an average MUD yield of 8.5% with the retail, office and residential spaces recording rental yields of 9.8%, 8.2% and 7.0%, respectively, 2.0%, 0.9% and 0.8% points higher than the sector averages of 7.8%,7.3% and 6.2%, respectively

·         Thika Road and Eastlands were the worst performing areas recording yields of 6.4% and 5.5%, respectively attributed to low rental charges as a result of competition from informal Mixed-Use Developments

                                            • Westlands was the best performing node recording an average MUD yield of 8.5% with the retail, office and residential spaces recording rental yields of 9.8%, 8.2% and 7.0%, respectively, 2.0%, 0.9% and 0.8% points higher than the sector averages of 7.8%,7.3% and 6.2%, respectively

• Thika Road and Eastlands were the worst performing areas recording yields of 6.4% and 5.5%, respectively attributed to low rental charges as a result of competition from informal Mixed-Use Developments

Source: Cytonn Research 2020

Investment opportunity within the Nairobi Metropolitan Area lies in areas with relatively high returns such as Westlands which recorded an average MUD rental yield of 8.5%, and, Limuru Road and Karen recording average MUD yields of 7.3% each.

The table below summarizes the general performance and outlook of the three key real estate themes that compose MUDs and have possible impact on MUDs, that is the retail sector, commercial office sector, and residential sector and investment opportunities that lies in the themes;

Key: Green – POSITIVE, Grey – NEUTRAL, Red – NEGATIVE highlights sectorial outlook

Mixed-Use Developments (MUDs) Outlook

Sector

2020 Sentiment and Outlook

2020 Outlook

Retail

Retail spaces performance in Mixed-Use Developments (MUDs) was relatively higher compared to the single-use market average by 0.3% points recording average rental yields of 7.8% compared to the market’s yield of 7.5% as at 2020

Average occupancy rates for the spaces in MUDs stood at 75.7%, 1.2% points higher than the single-use retail market average of 74.5%, attributed to the preference of spaces in MUDs serving the growing middle class with increased purchasing power

We attribute the decline in the performance in MUDs to 7.8% in 2020 from 8.4% in 2019, to shift towards e-commerce which has led to reduced demand for physical space amid an oversupply of 3.1mn SQFT of retail space in Nairobi Metropolitan Area

 However, we expect the sector’s performance to be cushioned by continued improvement in infrastructure, Kenya’s recognition as a Regional Hub, entry and expansion of both local and international retailers, changing consumer tastes and preferences, and, positive demographics increasing the need for formal retail

For investors, opportunity lies in Westlands which is a commercial node offering the best rental yields at 9.8% ,2.0% points higher than the market average of 7.8%

Neutral

Office

Commercial office spaces in MUDs recorded slightly better performance compared to single-use office spaces recording an average rental yield of 7.3%, 0.1% points higher than the latter’s average of 7.2% as at 2020

Office spaces in MUDs recorded a 0.6% points y/y decline in average rental yield to 7.3% in 2020 from 7.9% in 2019 is attributed to a tough economic environment with some firms downsizing amid a 6.3 mn SQFT oversupply of office space while others continued embracing working from home during the pandemic

For investors, Karen and Westlands are the best investment nodes and incorporation of differentiated concepts such as serviced offices in the mixed –use developments is expected to cushion their performance as they offer relatively high returns at of up to 12.3% as at 2019

Negative

Residential

Residential units in Mixed-Use Developments recorded an average rental yield of 6.4% in 2020, 0.8% points higher than the single- use market rental yield of 5.6% as at 2020

Uptake of residential units in MUDs came in at 20.3%, 1.7% points higher than the single-use market average of 18.6% as at 2020 mainly attributed to increased demand by the growing middle class with increased purchasing power and need for convenient lifestyles

The investment opportunity lies in markets such as Westlands and Mombasa Road, offering average rental yields of  7.0% and 6.7%, respectively ,0.8% points and 0.5% points higher than the residential MUD average of 6.2%, respectively

Positive

Outlook

The outlook for Mixed-Use Developments (MUDs) is NEUTRAL supported by the relatively high returns offered by the residential spaces amid subdued performance of the retail and office themes mainly constrained by oversupply 0f 3.1 mn SQFT and 6.3mn SQFT of retail and office spaces, respectively, within the Nairobi Metropolitan Area. The investment opportunity within the Nairobi Metropolitan Area lies in areas with relatively high returns such as Westlands which recorded an average MUD rental yield of 8.5%, and, Limuru Road and Karen recording average MUD yields of 7.3% each.

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[mutaike]

Cytonn Asset Managers suspended from taking up new investors

Cytonn Asset Managers suspended from taking up new investors

NAIROBI, Kenya, Aug 7 – The Capital Markets Authority (CMA) has directed Cytonn Asset Managers Limited, a licensed fund manager, to immediately stop signing-up new clients until it changes the names of its business and its regulated products.   In a statement, CMA says the move seeks to enhance investor protection and promote investor confidence in the integrity of capital markets and is in line…

[copiosis]

What Happens To Criminals In The New World Order

What Happens To Criminals In The New World Order. Our final installment looking at groups that might hate Copiosis...at first. Here's how we get organized crime to join us in creating the future.

Photo by Cytonn Photography on Unsplash In the last two posts, we explained why we must keep bankers and finance people happy. Today we’ll tackle the third powerful group: Organized crime. Criminals love money-based economic systems. That’s because they take advantage of money’s inherent weaknesses. One major weakness is its transferability. A person can take someone else’s money using force.…

[worklabournewsresearch]

Is HR Ever Really Your Friend?

"HR has an image problem: one study showed 70% of employees don’t trust their personnel department. Dig a little deeper and you’ll find countless examples of employees who feel deeply wronged by HR. Some vent online, publicising the failings of the department on social media and in blog posts. Others simply give up on HR and sue their employer ... [P]roblems can arise when there’s often a disconnect between what we expect from HR and what HR is actually tasked with delivering. While employees may feel HR processes should right workplace wrongs, company leadership may think that the HR department is there to protect the organisation. In this context, is it a misconception for employees assume that HR is there to help them?"

"One key factor in defining how an HR department is run and what it can offer to employees is the relationship between HR and the leadership of an organisation. ... The attitudes of senior management in particular define the issues HR has the power to act on. ... [I]n good organisations, HR leaders report directly to the CEO, rather than a head of operations, for example. In the best organisations, the work of the department is given parity with other traditionally influential departments such as sales or engineering. Yet, in many companies this does not happen – a 2021 Sage report revealed that 59% of company leaders said HR did not play a leading role in the organisation, and 54% of HR leaders agreed they were not taking a lead on defining company culture."

BBC Worklife, October 24, 2021: "Is HR ever really your friend?" by Joanna York

Van Beurden, J., Van De Voorde, J., & Van Veldhoven, M. (2021). The employee perspective on HR practices: A systematic literature review, integration and outlook. The International Journal of Human Resource Management 32(2), 359-393. https://doi.org/10.1080/09585192.2020.1759671

Innocenti, L., Pilati, M., & Peluso, A. M. (2011). Trust as moderator in the relationship between HRM practices and employee attitudes. Human Resource Management Journal 21(3), 303–317. https://doi.org/10.1111/j.1748-8583.2010.00151.x (Available to U of T community here)

Wang, Y., Rafferty, A., Sanders, K., & Kim, S. (2021). Birds of a feather flock together: the relationship between managers’ and employees’ perceptions of HR practices. International Journal of Human Resource Management. https://doi.org/10.1080/09585192.2020.1871397 (Available to U of T community here)

Photo Source: Cytonn Photography. (2018). [Photograph]. Unsplash. https://unsplash.com/photos/n95VMLxqM2I