CYTONN TOWER TO BE CONSTRUCTED IN KENYA

Cytonn real estate to construct a tower in kenya that will comprise of 180 hotel rooms, 160 serviced apartments, three-bedroom duplex apartments and penthouse suites, three basement parking floors with a capacity for 1,500 vehicles.

The highrise building which is expected to cost US$ 194m will be constructed by Cytonn Real Estate and will have up to 35 floor upon completion. The tower is expected to sit on a four-acre piece of land at the junction of Elgeyo Marakwet and Argwings Kodhek Roads in kenya.

Cytonn’s Managing Partner and CEO, Mr. Edwin Dande; “For mixed use development, Cytonn Towers seeks to meet the luxury housing demand, premier business office space, and hotel and conferencing facilities. Also, we want to offer target returns of 25 per cent per annum to our investors.”

The tower will have Kenya’s highest suspended restaurant, Nairobi’s largest ball room, and a double horizon fitness club as per the developers. This mega initiative comes barely a few months after the ground-breaking of Hass Towers; Africa’s tallest tower in Upper Hill, Nairobi.

The construction is expected to be in the fourth quarter of 2018 and will be completed in December 2022