Abcon Complex & Towers

Last updated

Abcon Complex & Towers
General information
Type Commercial
Location Upper Hill
Nairobi
Kenya
Construction started 2016 (Expected)
Completed 2020 (Expected)
Height
Top floor 110 m (360 ft)
Technical details
Floor count 35

Abcon Complex & Towers is a planned building complex in Nairobi, Kenya's capital and largest city. [1]

Nairobi City in Nairobi County, Kenya

Nairobi is the capital and the largest city of Kenya. The name comes from the Maasai phrase Enkare Nairobi, which translates to "cool water", a reference to the Nairobi River which flows through the city. The city proper had a population of 3,138,369 in the 2009 census, while the metropolitan area has a population of 6,547,547. The city is popularly referred to as the Green City in the Sun.

Kenya republic in East Africa

Kenya, officially the Republic of Kenya, is a country in Africa with 47 semiautonomous counties governed by elected governors. At 580,367 square kilometres (224,081 sq mi), Kenya is the world's 48th largest country by total area. With a population of more than 52.2 million people, Kenya is the 27th most populous country. Kenya's capital and largest city is Nairobi while its oldest city and first capital is the coastal city of Mombasa. Kisumu City is the third largest city and a critical inland port at Lake Victoria. Other important urban centres include Nakuru and Eldoret.

Contents

Location

The building complex would sit on 3.57 acres (1.44 ha), in the Upper Hill neighborhood of Nairobi, the capital and largest city in the country, approximately 3.7 kilometres (2.3 mi), southwest of the city's central business district. [2] The skyscraper would lie at the junction of Haile Selassie Avenue and Lower Hill Road. [1] The coordinates of the proposed building are: 1°17'39.0"S, 36°48'55.0"E (Latitude:-1.294153; Longitude:36.815265). [3]

Upper Hill, Nairobi Place in Nairobi County, Kenya


Upper Hill is a district of the city of Nairobi, the capital and largest city of Kenya. The district has seen an increased in major construction in recent years, with several multinational corporations setting up offices.

Central business district commercial and business centre of a city

A central business district (CBD) is the commercial and business center of a city. In larger cities, it is often synonymous with the city's "financial district". Geographically, it often coincides with the "city centre" or "downtown", but the two concepts are separate: many cities have a central business district located away from its commercial or cultural city centre or downtown.

Overview

The development would consist of (a) an 18-floor hotel (b) residential apartments occupying 17 floors (c) office space on 22 floors (d) parking space for 1,320 vehicles (e) an amphitheater and (f) retail space on three floors. [1]

Construction costs

The budgeted construction cost is KSh5.52 billion (approx. US$55.5 million). [1] Note:US$1.00 = KSh99.46 on 26 April 2016. [4]

Ownership

The development is owned by a consortium of seven investors, under the service vehicle called Greenfield Developers Limited. The shareholding in the project is as depicted in the table below: [1]

Consortium association of legal entities, usually businesses

A consortium is an association of two or more individuals, companies, organizations or governments with the objective of participating in a common activity or pooling their resources for achieving a common goal.

Greenfield Developers Limited Stock Ownership
Rank Name of OwnerPercentage Ownership
1 Abcon International LLC 62.60
2 Signature Development Limited 18.00
3 HassConsult 8.60
4 Elise Adan 2.60
5 Jayesh Saini 0.66
6 Others 7.54
Total100.00

See also

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References

  1. 1 2 3 4 5 Otuki, Neville (25 April 2016). "Dubai group lifts Nairobi's skyline with 35-storey tower". Business Daily Africa . Nairobi. Retrieved 26 April 2016.
  2. ↑ GFC (26 April 2016). "Distance between Nairobi, Kenya and Nairobi Upper Hill, Nairobi, Kenya". Globefeed.com (GFC). Retrieved 26 April 2016.
  3. ↑ Google (26 April 2016). "Future Location of Abcon Complex & Towers, Nairobi" (Map). Google Maps . Google. Retrieved 26 April 2016.
  4. ↑ Oanda (26 April 2016). "Currency Converter: US Dollars to Kenya Shillings". Oadna.com. Retrieved 26 April 2016.

Coordinates: 01°17′39″S36°48′55″E / 1.29417°S 36.81528°E / -1.29417; 36.81528

Geographic coordinate system Coordinate system

A geographic coordinate system is a coordinate system that enables every location on Earth to be specified by a set of numbers, letters or symbols. The coordinates are often chosen such that one of the numbers represents a vertical position and two or three of the numbers represent a horizontal position; alternatively, a geographic position may be expressed in a combined three-dimensional Cartesian vector. A common choice of coordinates is latitude, longitude and elevation. To specify a location on a plane requires a map projection.

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