Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Kenya

Nairobi developer breaks ground on tallest residential apartments in Africa

The residential houses include studio, 1 bedroom, and 2 bedroom apartments and include luxury penthouses from the 40th floor.

NAIROBI, Kenya, Feb 6 – International real estate development and investment company Lordship Africa has broken ground on what will be the tallest private residential building in sub-Saharan Africa.

The 88 Nairobi Condominium in Upper Hill area features a 44-floor, high-end, dedicated residential condominiums designed to five-star hotel standards, according to the developer.

The residential houses include studio, 1 bedroom, and 2 bedroom apartments and include luxury penthouses at 40 floors and above, which will have three or four bedrooms.

Residential houses begin from the 8 floor, with the lower floors containing a gym, parking area, shops and a restaurant.

Starting price for the 2 bedroom apartments start at Sh22.9 million while renting the same space will set a tenant back by about Sh370,000.

“We’ve done a comparison on how much the same house costs on other properties. For instance, at Gem Suites Riverside, an equivalent goes for Sh400, 000 per month, Serene Valley is Sh390,000 and Yaya Towers Sh410,000. We, therefore, think that our price is quite competitive,” said Jonathan Jackson, Lordship Africa Chairman, during the opening of the condominium’s show house.

The houses are targeting the over 40,000 people who work in Upperhill. The location is home to embassies, multi-national corporates, blue-chip financial companies, the center of medical facilities, and the high-profile legal fraternity.

Construction of the luxury apartment kicks off in April with management saying it may take up to two and a half years to complete.

Click to comment

Trending

Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...