Construction of Nairobi’s tallest apartment in
Kenya has commenced after Chinese billionaire Zeyun Yang launched the
development.
“This iconic project is bound to change the Nairobi
skyline as it will be the first project of its magnitude in East and Central
Africa; that will give its residents panoramic views of Nairobi,”
said Zeyun Yang.
‘The River Estate’ high-rise apartment project is
located next to Ngara Girls High School. It is has a total of 2,720
high-rise apartment units and features eight apartment blocks each 34
floors high, with 340 homes per block.
The development will have a capacity to house
2720 families, creating local demand for other amenities. It will consist of 3
types of accommodation: 3-bedroom apartments, 2-bedroom apartments and
1-bedroom apartments.
The River Estate will be constructed by Edermann Properties owned by the
Chinese billionaire Zeyun Yang. It will gift the Kenyan capital its tallest
homes beating 22-storey Le’mac Towers, Nairobi’s residential tower.
The US $70m project is being financed jointly
by the national and county governments, in line with the government’s
affordable housing agenda. Developers have invited prospective buyers
to book their units whose prices range between US $60000 for a
one-bedroom unit and US $84000 for a two-bedroom unit.
“Booking fee is US $2,976 per unit which is non-
refundable; deposit 10%, and balance 90% on completion,” said Edermann
Properties.
Edermann Properties has pledged to build a bridge
from the estate to Grogan road across Nairobi River to ease movement of people
into and out of the 2.3-hectare gated community.
The proposed project will contribute to significant
positive impacts in the area during its construction and operation phases and
help to creae employment opportunities, optimal use of land, incorporation of
collective waste management practices, increase in revenue to the proponent,
national and the county governments among others.
Edermann Properties, has been operating in Kenya since 2003, and has built about 4,000 homes and warehouses in Nairobi and Mombasa including; Great Wall Apartments on Mombasa Road, Seefar Apartments on Mbagathi Way, Metro Fair View Towers Pangani, and Windsor View Apartments among others. https://constructionreviewonline.com/2019/03/construction-of-nairobis-tallest-estate-in-kenya-begins/
