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Nairobi’s Perspectives

Nairobi’s Perspectives

Investment group Cytonn is set to build a three-tower complex in Nairobi’s Kilimani area, 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.

Cytonn estimates the project will cost SH$20 billion (US$ 194 million), and 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 Cytonn’s managing partner and chief executive officer Edwin 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.

“It is primarily targeted at the upper middle class, non-governmental organizations, and embassies looking for prime and iconic space,” said Dande.

The complex will be built using local and international investors’ funds, with Taaleri Plc, a private equity fund from Finland, as the main investor.

Construction is set to start in November 2018 and complete in December 2022.

Cytonn Investments