Abcon Complex & Towers is a planned building complex in Nairobi, Kenya's capital and largest city.
Location The building complex would sit on , in the Upper Hill neighborhood of Nairobi, the capital and largest city in the country, approximately , southwest of the city's central business district. The skyscraper would lie at the junction of Haile Selassie Avenue and Lower Hill Road. The coordinates of the proposed building are: 1°17'39.0"S, 36°48'55.0"E (Latitude:-1.294153; Longitude:36.815265).
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.
Construction costs The budgeted construction cost is KSh5.52 billion (approx. US$55.5 million). Note:US$1.00 = KSh99.46 on 26 April 2016.
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:
+ Greenfield Developers Limited Stock Ownership Rank Name of OwnerPercentage Ownership 1 Abcon International LLC 62.60 2 Signature Development Limited 18.00 3 HassConsult 8.60 4 Elise Adan 2.60 5 Jayesh Saini 0.66 6 Others 7.54 Total100.00
See also List of tallest buildings in Nairobi Nairobi
References