Flagship Transaction

The Apex by Citisquare Africa

East Africa’s Premier Technology Investment Address. A US$28 million mixed-use GreenTech Tower at the main entrance of Kigali Innovation City, within Rwanda’s RDB Free Trade Zone.

Investment at a Glance

Investment

Investment at a Glance

Independent feasibility validation by Knight Frank · Q1 2026

US$28MTotal Project Cost
60 / 40Debt / Equity
$40.7MValue at Completion (Knight Frank)
5Revenue Streams
$19.45MCommercial Asset ValueRetained & rented
EDGE / LEEDGreen CertificationTarget certification
10,700 sqmLand SizeKIC Plot NSC2
6-StoreyMixed-Use Innovation HubKigali Tech Tower

The Apex

The Alpha Thesis

The SEZ Tax Alpha: tenant savings on corporate tax, import duties, and registration fees inside the RDB Free Trade Zone directly subsidise premium rent — and lease longevity. That is Citisquare’s rental income security.

Positional Scarcity

Sole main-entrance building in KIC. No competitor can build an equivalent position. Scarcity premium is structural and permanent.

SEZ Tax Incentives

Corporate tax relief, duty waivers, and registration benefits translate directly into tenant rent capacity and lease longevity.

Named Ecosystem

CMU Africa, BioNTech, ALU, AIMS, UR-CST, Kofisi. Best-in-class co-tenancy that no competitor can replicate.

Green Capital Edge

EDGE/LEED certification unlocks green-bond eligibility and ESG-mandated capital — a cost-of-capital multiplier unavailable to standard assets.

Location

The Address Is the Asset

The sole building at the main entrance to Kigali Innovation City — within the RDB Free Trade Zone. No competitor can replicate this position.

Main Entrance — KIC

The Tower sits at the sole access point to KIC’s 61-hectare campus. Every institution, investor, and visitor passes it first.

RDB Free Trade Zone

SEZ incentives: corporate tax relief, import duty waivers, streamlined business registration — structural, not incidental.

Named Co-Tenancy

Carnegie Mellon Africa, ALU, BioNTech, AIMS, UR-CST, Kofisi — all within walking distance from The Apex.

Unreplicable Position

No future developer can claim this address. First-mover structural advantage, fortified by sovereign policy.

The Apex development site at Kigali Innovation City, overlooking Kigali

The Site

Kigali Innovation City — main entrance

Elevated view across Kigali from The Apex site
Earthworks underway at The Apex development site
Panorama of Kigali from The Apex development site
Kigali Innovation City first building under construction
Carnegie Mellon University Africa at Kigali Innovation City
University of Rwanda College of Science and Technology at KIC

Revenue

Five Revenue Streams

01

Grade-A Tech Office

Leased · 10+ year tenors

Recurring cash flow against debt service

Anchors: DFIs, multinationals, corporates

02

Serviced Apartments

Sold off-plan · milestone payments

Pre-sales retire construction debt during build phase

Diaspora, HNWI, international, expat tenants

03

Retail

Leased · base + turnover rent

Yield that scales automatically with occupancy & footfall

F&B and retail operators

04

Lifestyle & Wellness

Membership · minor direct revenue

Protects renewal rates across all tenant segments

All tenant and owner segments

05

Green Certification (EDGE/LEED)

Premium rent + green capital access

Multiplier — improves revenue AND cost of capital

ESG tenants and impact investors

Market Context

Why Rwanda, Why Now

This is not speculation on an emerging market — it is the strategic acquisition of a monopoly-like position within Africa’s most disciplined economic zone.

Rwanda Policy Commitment

NST2 (2024–2029) targets 9.3% GDP growth, raising private investment to 21.5% of GDP and creating over 1.25 million jobs. Capital is already deployed behind this — it is not aspirational.

KIC Scale & Mandate

KIC alone is projected to create 50,000 jobs, generate $150M in annual ICT exports, and attract $300M FDI. Africa50 commits $400M — focused primarily on real estate, including $315M in commercial complexes.

Rental Yield Premium

Kigali delivers 9.3% residential, 10.8% office, and 12.3% retail yields — outperforming most comparable Sub-Saharan African markets. Rwanda ranks top in Africa for ease of doing business.

Risk

De-Risking Structure

Land & Zoning

KSEZ location · Rwanda digital land registry (RLMUA) provides verifiable, encumbrance-free title

Political & Policy

RDB Investment Certificate documents state commitment · Rwanda — 15 consecutive years of GDP growth

Currency & Repatriation

Rwanda Investment Code guarantees profit and capital repatriation

Construction & Delivery

Milestone-based capital calls · independent QS sign-off · DFI-underwritten completion guarantee

Demand / Occupancy

Anchor pre-leasing before vertical construction · broad marketing opens at 70% pre-committed

Off-Taker Credit

Anchor targets: DFIs, multinationals, embassies · 10+ year lease tenors · LOI before debt drawn

Key Credentials

Knight Frank Validation

$40.7M independent feasibility — Q1 2026

Broll Project Management

25-year experienced Project Director engaged

Multi-Jurisdiction Structure

Nigeria · Rwanda · USA registered entities

Registered Jurisdictions

Nigeria · Rwanda · United States

Enquire

Request the investor deck for The Apex

Tell us where to send it and a member of our team will follow up to discuss structure and next steps.

We respond to enquiries within two business days.

Offices

Kigali Innovation City
RDB Free Trade Zone, Rwanda

1226A Ahmadu Bello Way
Victoria Island, Lagos, Nigeria

Direct

uche.nnama@citisquare.africa
+234 805 438 8340

Citisquare Africa

Real estate investment consultancy developing landmark assets at the intersection of sovereign policy, innovation ecosystems, and institutional capital.

Contact Information

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