Cytonn Towers | |
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General information | |
Status | Proposed |
Location | Kilimani, Nairobi, Kenya |
Country | Kenya |
Coordinates | 01°17′34″S36°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, Kenya's capital and largest city. The development is targeted towards the upper middle class, non-governmental organisations and diplomatic missions. [1]
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.
A capital city is the municipality exercising primary status in a country, state, province, or other administrative region, usually as its seat of government. A capital is typically a city that physically encompasses the government's offices and meeting places; the status as capital is often designated by its law or constitution. In some jurisdictions, including several countries, the different branches of government are located in different settlements. In some cases, a distinction is made between the official (constitutional) capital and the seat of government, which is in another place.
In sociology, the upper middle class is the social group constituted by higher status members of the middle class. This is in contrast to the term lower middle class, which is used for the group at the opposite end of the middle-class stratum, and to the broader term middle class. There is considerable debate as to how the upper middle class might be defined. According to sociologist Max Weber the upper middle class consists of well-educated professionals with postgraduate degrees and comfortable incomes.
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]
Kilimani is an affluent neighborhood in the city of Nairobi, the capital and largest city of Kenya. This administrative region belongs to Westlands.
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]
Cytonn Investments, whose complete name is Cytonn Investments Management PLC is an independent investments management firm with offices in Nairobi - Kenya and DC Metro - US.
Private equity typically refers to investment funds, generally organized as limited partnerships, that buy and restructure companies that are not publicly traded.
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]
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]
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