Plans Unveiled for Tower Project in Nairobi


Posted on 2018-01-04 Author:LIYUCSF


It is reported that a three-tower complex named Cytonn Towers will be built in Nairobi’s Kilimani area, which is at the junction of Elgeyo Marakwet and Argwings Kodhek Roads. The tallest of the three towers will rise 35 floors and 150 meters, and the development will sit on a four-acre (1.6-hectare) piece of land. Additionally, the newly-constructed project will comprise office and commercial rental space, 180 hotel rooms, 160 services apartments, duplex apartments and penthouse suites, and three basement parking floors with a capacity for 1,500 vehicles.


“For mixed-use development, Cytonn Towers seeks to meet demand for luxury housing, premier business office space, and hotel and conferencing facilities, while at the same time offering target returns of 25% per annum to our investors,” said Mr. Edwin Dande, the project management officer. “It is primarily targeted at the upper middle class, non-governmental organizations, and embassies looking for prime and iconic space,” added Mr. Dande.


The tower, which is set to be among the tallest buildings in the area, will also feature Kenya’s highest suspended restaurant, Nairobi’s largest ball room, and a fitness club. Other features will include an infinity edge pool, sky lounge, and observatory deck. Meanwhile, the complex will be built using local and international investors’ funds, with Taaleri Plc, a private equity fund from Finland, as the main investor. Meanwhile, this newly-constructed project will cost US$ 194 million. Construction is set to start in November 2018 and complete in December 2022.


Source: Business Daily Africa



It is reported that a three-tower complex named Cytonn Towers will be built in Nairobi’s Kilimani area, which is at the junction of Elgeyo Marakwet and Argwings Kodhek Roads. The tallest of the three towers will rise 35 floors and 150 meters, and the development will sit on a four-acre (1.6-hectare) piece of land. Additionally, the newly-constructed project will comprise office and commercial rental space, 180 hotel rooms, 160 services apartments, duplex apartments and penthouse suites, and three basement parking floors with a capacity for 1,500 vehicles.


“For mixed-use development, Cytonn Towers seeks to meet demand for luxury housing, premier business office space, and hotel and conferencing facilities, while at the same time offering target returns of 25% per annum to our investors,” said Mr. Edwin Dande, the project management officer. “It is primarily targeted at the upper middle class, non-governmental organizations, and embassies looking for prime and iconic space,” added Mr. Dande.


The tower, which is set to be among the tallest buildings in the area, will also feature Kenya’s highest suspended restaurant, Nairobi’s largest ball room, and a fitness club. Other features will include an infinity edge pool, sky lounge, and observatory deck. Meanwhile, the complex will be built using local and international investors’ funds, with Taaleri Plc, a private equity fund from Finland, as the main investor. Meanwhile, this newly-constructed project will cost US$ 194 million. Construction is set to start in November 2018 and complete in December 2022.


Source: Business Daily Africa