Cytonn Towers
| Cytonn Square | |
|---|---|
  Location within Kenya | |
| General information | |
| Status | Proposed |
| Location | Kilimani, Nairobi, Kenya |
| Country | Kenya |
| Coordinates | 01°17′34″S 36°46′47″E / 1.29278°S 36.77972°E |
| Construction started | November 2018 (Expected) |
| Completed | December 2022 (Expected) |
| Cost | KSh 20 billion (US$200 million) |
| Client | Cytonn Investments |
| Owner | Cytonn |
| Height | 150 metres (492 ft) |
| Technical details | |
| Floor count | 35 |
| Website | |
| Homepage | |
Cytonn Towers is a planned mixed-use skyscraper development, consisting of three towers of 35 storeys each, in Nairobi,
Location
The skyscraper complex would be located at the southeastern corner of Elgeyo Marakwet Road and Argwings Kodhek Road, on a 4 acres (16,000 m2) piece of land, in the Kilimani neighborhood of Nairobi, approximately 7 kilometres (4 mi), by road, west of the city centre.[2] The geographical coordinates of the proposed real estate development are: 01°17'34.0"S, 36°46'47.0"E (Latitude:-1.292778; Longitude:36.779722).[3]
Overview
The development is owned by Cytonn Investments Management Limited, a privately-owned equity investment company. It consists of three towers, the tallest of which is 35 storeys tall.[1]
It will consist of 180 hotel rooms, 160 serviced apartments, three bedroom duplexes and penthouse suites. There will be a total of 174,139 square feet (16,178.0 m2) of rentable office and commercial space, on 30 floors. Three basement floors will accommodate 1,500 parked vehicles.[1]
The mixed use development is aimed at satisfying demand for luxury housing, upscale business office space, hotel and conferencing venues.[1] It is expected to host a sky-bridge restaurant, a ballroom, a fitness club and an observatory deck.[4]
Construction
The budgeted cost of construction is KSh 20 billion (approx. US$200 million). This includes KSh 1.5 billion (approx. US$15 million) used to acquire the land. Construction is expected to start in November 2018 and last until December 2022.[1]
Funding will be provided by local and international fund managers, with Finnish asset manager Taaleri Plc, being the lead investor.[5]
References
- ^ a b c d e Otieno, Bonface (28 September 2017). "Cytonn unveils plan to build 35-storey tower in Kilimani". Daily Nation. Nairobi. Retrieved 14 April 2018.
- ^ Globefeed.com (14 April 2018). "Distance between City Centre, Nairobi, Kenya and Cytonn Towers, Argwings Kodhek Road, Nairobi, Kenya". Globefeed.com. Retrieved 14 April 2018.
- ^ Google (14 April 2018). "Location of Cytonn Towers, Kilimani, Nairobi" (Map). Google Maps. Google. Retrieved 14 April 2018.
- ^ CapitalFM Correspondent (28 September 2017). "Cytonn Unveils Sh20 Billion Triple Tower in Kilimani, Nairobi". Nairobi: 98.4 Capital FM. Retrieved 14 April 2018.
- ^ Thuita, Patrick (2 October 2017). "Work On Sh200 Bilion Cytonn Towers to Begin in November 2018". Nairobi: Constructionkenya.com. Retrieved 14 April 2018.