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Cytonn Towers
From Wikipedia, the free encyclopedia
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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]
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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]
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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]
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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
External links
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