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The 88 Nairobi Condominium apartments will cost up to Sh480,000 a month to rent.
The 44-storey apartments tower to be located in Nairobi’s Upper Hill area will be among the tallest residential skyscrapers in the region on completion.
Buyers will have to fork out Sh11.5 million and Sh35 million for one-bedroom and two-bedroom units respectively.
Real estate firm Lordship Africa on Wednesday unveiled the Sh5 billion mega project that will come with fully-furnished units.
The Sh5 billion price tag is exclusive of the cost of land and land permits. According to Lordship Africa, the project will be financed through equity, debts and sales of spaces.
Condominiums are popular in global cities such as New York, in Chicago and Singapore. The Nairobi one will be the first in Kenya, alongside the upcoming Hilton Tower.
Jonathan Jackson, founder of Lordship Africa and Lordship Europe, said the project is targeting CEOs, business people and professionals in the legal, medical and financial sectors.
“Kenya is increasingly becoming the hub of investment in the sub-Saharan Africa. Lordship Africa is responding to this trend and the resultant demand for quality residential units,” said Jackson.
“Living in vicinity will enable these professionals to drive for shorter distances to work. This will also reduce traffic jams in the area.”
The building will have 12,000sq feet of rental space and an additional 16,000sq feet of gardens space.
It will feature a branded restaurant, a convenience store, 24-hour concierge services and gym and spa facilities.
Additionally, it will feature a heated indoor swimming pool on each of its floors, smart-house technology, and a 435-size parking space.
Design of the structure is already ongoing while construction will be undertaken by both Kenyan and international contractors, starting April this year.
The project is expected to be completed by mid-2020.
The Kenyan project is part of Lordship Africa’s drive to penetrate mainly emerging markets in its real estate endeavours.
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Hehehehe sokora I have said it here many many times that watu wenye wako na mapesa wako kenya Ama Africa!Others in western wazungu territory’s r hustlers big time.U know land in upper hill or Nairobi city is more expensive than in newyork city or LA or Melbourne or Sidney Australia???
So it is expensive , what kind of amenities does a city provide besides, hata nikiwa na pesa. Comparing Nairobi with Sidney or even New York is such a faux pas! Nairobi is not there yet and this is true. How is traffic these days? How many entertainment places does Nbo have besides disco,live mundane shows that has never attracted major international clientele, churchill show or live band places , nyama choma joints do you have there? Is there even a public gof club range , for normal mwananchi who cannot afford Sigona? Is Nairobi 24 hrs economy yet, can I Wake up from this expensive place and get a safe coffee bar at 2 am open? Besides Uhuru Park and jeevanjee gardens what other parks -simple sitting places can I get to relax with a book with no one bothering me, how many exhibitions in museums within the perimeters can I get to without driving ? How many public libraries does Nairobi have with wifi and free current books can I sit in and enjoy a quiet afternoon? How many spaces dedicated to children can my 8 & 9 yr old venture into for free. So you see Mhalisi , you r kind of success = nyumbas , plotis , nyama choma and churchill show is not for me and I would never pay my money to rent such a joint. I will gladly pay that in Belarus coz I know I will get 90% of things enlisted. See Nairobi and Kenya needs to get real . I'm not bringing down Nairobi or Kenya but heh lets not pretend Nairobi is such an Utopia, it bores me after 3 weeks
formerlyguest2: You sound like you have not been to Kenya lately. I would request that you go there and do it soon. The trip might help you understand what the new Kenya is all about. There is a blog on this site and I will post the link for you. Kenya has change; all the stuff you mention above are available in Kenya today.
Here is the blog: http://www.mwakilishi.com/blog/2018-01-13/africa-the-shithole-what-are-…
Did you read what I really said or first you want to make assumptions? I was talking in relative to that PARTICULAR property if it is not IN THE CBD ,my bad, if it is situated in Kitusuru, Westlands, next to Junction , next to The Hub, Gigiri of course all those are avaible, who doesn't know Java , I'm aware there are three best sushi bars - Sushi Soo. But again cherry pick , because there is no traffic in Kenya, there is a light rail /aka Metro ............................
But that is normal in major cities/hubs, why is this news. Of course if you get a flat in middle of Manhattan, DC suburbs - Alexandria and the like the rent is that much, but personally Nairobi does not provide me with amenities akin to NYC, Paris or other major Cosmopolitan cities like Budapest to cough such kind of cash. As in , when you walk out of the building , do you get to a bike rental rack and jolly self bike around time for amusement? do you have a metro/light rail connecting you from Moi Avenue to Upper hill in 2 seconds, do you walk proudly with your Bose earphones, do you walk to a sushi bar , do you get to West land under 30 minutes, can you stroll downtown at midnight freely. When you consider those easy amenities majuu hata Mhalisi aseme ati successful life - relative for me. So it is a bit pricey for such a space
@Formerlyguest2 u have given yr story n true I agree with what u wrote 45% but comparing with our 54 years since we started ruling ourselves we have done good thou we ought to have done better comparing with the likes of Singapore n Malaysia who we as Kenyans gave money to rebuild their countries in 70’s.But the countries ur comparing Nairobi with is more than 200 years old n ours is only 54!Nairobi Mayb not 24 hours yet but bro Atleast u can get a coffee or tea upto midnight.Yes the places that u mentioned like Churchill,band in 680 n many places r available.Yes we still lack good parks n traffic is still a problem the way it is in newyork Cory London Melbourne n worse Sydney n this r cities I have lived n visit yearly so Wr not thaat bad.Roads n tram r on the way in Nairobi under NAMATA(Nairobi Metropolitan)n I hope Uhuru makes sure this vision is concluded by the time he leaves the office in 2022.Again I agree Wr still kinda behind but bro Nairobi still rocks.Kunja nikutembeze places hapa Nairobi new joints ziko mingi kama uko natuhera twakupoteza???
Thank you Mhalisi for getting my concern on shelling that kind of cash for an apartment. I agree we have of course made great strides compared to just 10 years ago, actually every year I come down , I see a new building and improvement. What I'm saying is, we can do much better , and yes I read about that Light rail underway hopefully it will come to fruition. Heh Mhalisi mimi iso a bro, ngai mwanake witu, ndindaga ngikwira uguo. For me I think what lack when I bring kids along is anything meaningful for them to do around the CBD area to be SPECIFIC, I know Karen , Ngong area and Moutainview sides have amenities etc. The Bourgeois side of town - there is definitely still room for improvement and increase in amenities such a more better libraries - heh McMillan Library ndio najua unless there is a new one somewhere . Keep that invitation open Mhalisi, I like you coz you have a good heart- huweki grudges and hate like some people
Capitalism at work.This leaves the government to tackle the slums issue.Its clear that big time investors are not there for social welfare. The mighty shilling/dollar is their main goal.
Nothing wrong with that. But if we have to get rid of Kibera, majengo,slums and beautify Nairobi,someone has to think of the indigents,and the low income fellows,and that's where the government comes in.How long are we going to let this slums be a sore thumb?Do we have investors who will step up and remove these"ghettos".Surely these slum dwellers deserve anice place to sleep,live and raise a family.
Maxiely this ghettos could have bin removed long time especially kibera but the lord of poverty kept fighting for the kibera upgrading to b stopped juu hao watu wao hawataki kulipa 4-6k in a well 2 bedroom stone house with clean water!But if the gava was sincere they can pay a mchina n will build 2/3 tallest appartments witching 3 yrs then they move pple n make the other spaces as parks.Sometimes u have to use force for things to happen n Uhuru should do so.I visited Angola last week n I couldn’t believe how this Chinese wamenjenga new cities from nowhere for Angolans so Uhuru will his new vision ya 1m houses should do so.
Why would you pay that much for an apartment even in America not unless you are staying in a leafy suburb with a big mansions the price is ridiculous
Where will the poor cleaning maids and shamba boys live as they are needed to pamper the future sobs who will live here.Make sure you do not grab Kibera Arap mashamba as you can see it houses this tumendes required so that the Mpigs can rent here.
Is this is the country some of you are calling "shithole? From now on, call it $$$$hole.