M a r k e t N e w s

Tallest building in Africa - Construction work begins

Posted on : Wednesday , 29th November 2017

 Work has commenced on the construction of Africa’s tallest building in Kenya. His Excellency; the President of Kenya laid the foundation stone to this landmark project recently. The twin tower development dubbed Pinnacle Towers will have 70-floors with mixed-use purpose, and will be located in Nairobi’s Upperhill area. 

With cost of US$ 194m for it to be complete, the building will have the highest viewing deck in Africa. It is expected to include a 45-floor Hilton hotel which is being developed by Hass Petroleum and White Lotus Group and at 900 feet there will also be 200 residential houses run by Hilton Hotel that will include one bedroom, two bedrooms, and three bedroom fully furnished luxury apartments.
“Pinnacle Towers will also have a helipad at over 800 feet, making it the highest on the continent. We thought it wise to put the helipad here so that people can fly directly to the hotel and beat Nairobi’s hectic traffic,” Hass Petroleum Executive Chair, East and Central Africa Abdinasir A. Hassan said during the laying of the foundation. White Lotus Group is an American Real Estate Development Firm which optimizes design, financing, implementation, delivery, and operation of complex or re-purposed real estate assets.
The developers till now have spent upwards of US$ 14m in the construction of the foundation and preparation of the area. The total cost is expected to be fully funded through equity and debt. The Pinnacle Towers will be counted among the tallest buildings in the world with Dubai’s Burj Khalifa being the tallest currently at 800M, Malaysia’s Petronas Towers standing at about 400M which compares well with The Pinnacle’s 300M.
The project is slated to be completed by December 2019, although the 255-room hotel may be completed earlier so as begin early operations.

Source : Bizmart
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