Abcon Complex & Towers

Abcon Complex & Towers is a planned building complex in Nairobi, Kenya's capital and largest city.[1]

Abcon Complex & Towers
General information
TypeCommercial
LocationUpper Hill
Nairobi
Kenya
Construction started2016 (Expected)
Completed2020 (Expected)
Height
Top floor110 m (360 ft)
Technical details
Floor count35

Location

The building complex would sit on 3.57 acres (1.44 ha), in the Upper Hill neighborhood of Nairobi, the capital and largest city in the country, approximately 3.7 kilometres (2.3 mi), southwest of the city's central business district.[2] The skyscraper would lie at the junction of Haile Selassie Avenue and Lower Hill Road.[1] The coordinates of the proposed building are: 1°17'39.0"S, 36°48'55.0"E (Latitude:-1.294153; Longitude:36.815265).[3]

Overview

The development would consist of (a) an 18-floor hotel (b) residential apartments occupying 17 floors (c) office space on 22 floors (d) parking space for 1,320 vehicles (e) an amphitheater and (f) retail space on three floors.[1]

Construction costs

The budgeted construction cost is KSh5.52 billion (approx. US$55.5 million).[1] Note:US$1.00 = KSh99.46 on 26 April 2016.[4]

Ownership

The development is owned by a consortium of seven investors, under the service vehicle called Greenfield Developers Limited. The shareholding in the project is as depicted in the table below:[1]

Greenfield Developers Limited Stock Ownership
RankName of OwnerPercentage Ownership
1Abcon International LLC62.60
2Signature Development Limited18.00
3HassConsult8.60
4Elise Adan2.60
5Jayesh Saini0.66
6Others7.54
Total100.00

See also
  • List of tallest buildings in Nairobi
  • Nairobi

References
  1. Otuki, Neville (25 April 2016). "Dubai group lifts Nairobi's skyline with 35-storey tower". Business Daily Africa. Nairobi. Retrieved 26 April 2016.
  2. GFC (26 April 2016). "Distance between Nairobi, Kenya and Nairobi Upper Hill, Nairobi, Kenya". Globefeed.com (GFC). Retrieved 26 April 2016.
  3. Google (26 April 2016). "Future Location of Abcon Complex & Towers, Nairobi" (Map). Google Maps. Google. Retrieved 26 April 2016.
  4. Oanda (26 April 2016). "Currency Converter: US Dollars to Kenya Shillings". Oadna.com. Retrieved 26 April 2016.

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