Cytonn Towers is a planned mixed-use skyscraper development, consisting of three towers of 35 storeys each, in Nairobi, Kenya's capital and largest city. The development is targeted towards the upper middle class, non-governmental organisations and diplomatic missions.[1]
| 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 | |
Location edit
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 edit
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 edit
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 edit
- ^ 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.