Cytonn Real Estate is calling the project an iconic mixed-use development project. It will have 35 floors and will be constructed in Nairobi’s Kilimani area. 

The ‘Cytonn Towers’ will be constructed on a four-acre piece of land at the junction of Elgeyo Marakwet and Argwings Kodhek Roads. It will cost a total of US$ 194m to complete the project which includes the price of the land. 

Mr. Edwin Dande, Cytonn’s Managing Partner and CEO, confirmed the news and said that the project will have 35 floors which will comprise of 174,139 square feet office and commercial space for rental.

 The 35 floors tower will also comprise of 160 serviced apartments, 180 hotel rooms, three-bedroom duplex apartments and penthouse suites, three basement parking floors with a capacity for 1,500 vehicles.

 The tower will also feature Nairobi’s largest ball room, Kenya’s highest suspended restaurant, and a double horizon fitness club as per the developers. It will possibly be one of the tallest buildings in the area.

 Mr. Dande said, “For mixed use development, Cytonn Towers seeks to meet the luxury housing demand, premier business office space, and hotel and conferencing facilities. Also, we want to offer target returns of 25 per cent per annum to our investors”.

 Construction will be done in phases. Commencement of construction will be in Q4 of 2018 and completion for December 2022. 

This mega initiative comes barely a few months after the ground-breaking of Hass Towers; Africa’s tallest tower in Upper Hill, Nairobi.

 Cytonn Towers is an addition to Cytonn’s Real Estate ever growing Portfolio. Other projects are Amara Ridge which is in the final stages, The Alma, Taraji Heights, Situ Village, The Ridge, River Run Estates and Newtown; all together adding up to approximately US$ 800m of projects under mandate. 

Posted on : 11 Jan,2018