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Sh20 billion Pinnacle Towers will put Nairobi on global map

by Jacky Kariuki
31st August 2019
in Business
Reading Time: 1 min read
Sh20 billion Pinnacle Towers will put Nairobi on global map
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President Uhuru Launching the Project

It’s not going to be just another project. Pinnacle Towers building is set to take a place of pride and further change Nairobi’s skyline.

Once complete, the multi-billion-shilling building will rise over 300 metres above the ground, becoming Africa’s tallest skyscraper, with 70 storeys.

The tower’s foundation stone was laid by President Uhuru Kenyatta in 2017, and was initially scheduled for completion in 2021 at a cost of Sh20 billion.

The deadline has now been rescheduled after developers introduced modifications to the initial design. The project comprises two towers, with the shorter one rising 46 floors up and planned to house a 257-room Hilton hotel.

The taller tower will consist of mixed-used development comprising commercial space including offices and a five-storey mall, as well as luxury residential apartments.

“The developers are in the process of completing the redesign of the project to increase its efficiency in terms of space usage. In addition, the financial closure is ongoing and once finalised, works on site will gather momentum,” Mahat Noor, the managing director of White Lotus Project, the developers, said.

He added that, “The redesign is also expected to enhance profitability of the project which was critical for financial closure in the context of redesign and other aspects. The project is now slated to be completed in 2023 (following the additional changes).”

The director said there is continuous technical monitoring of the project, especially with relation to neighbouring tenants.

The Pinnacle, as the building is known in short, will be standing nearly 100 metres taller than The Leonardo, in Johannesburg, South Africa, which is currently Africa’s tallest building standing  at 234 metres.

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