Karen Shopping Centre Joint Venture construction for development of office block.

Karen Shopping Centre Joint Venture construction for development of office block.

Karen shopping centre is located 12 km from Nairobi city Central Business District.

Currently, there are 3 new office/commercial blocks which have come up recently in Karen, namely The Hub, Watermark business park and Zamani Business park.

The Hub.

Watermark.

Zamani.

Sale value.
Sale value is in the range of 120,000 to 150,000 per square foot of built up area.

Land size.
The current land for development is 5 acres.

Construction cost.

The construction plinth area is set at 60,000 m2.
The cost of construction without land value is kes 4.3 billion.
The land value is kes 500 million.

Joint venture take home.

The land owner has a possibility of taking home kes 2 billion including land value after the Special Purpose Vehicle deal is completed.

This represents a whooping 200% increase for the land owner from the initial contribution of kes 500 million.

This kes 2 billion take away represents a very profitable deal for the land owner.

Architect Francis Gichuhi kamau.
info@a4architect.com

Arch. Francis Gichuhi Kamau. (337 Posts)

Architect Francis Gichuhi . B.Arch. University of Nairobi. Registered Architect, Kenya. Member, Architectural Association of Kenya. Contacts. email info@a4architect.com. Telephone +254721410684


Share

  2 comments for “Karen Shopping Centre Joint Venture construction for development of office block.

  1. April 5, 2016 at 7:26 am

    Hi Gichuhi. I am a commercial letting agent, and with wide lknowledge on shopping malls. I would like to work with you on some of your projects. My no. is: 0725-416456 or email: joendungu88@yahoo.com

  2. evans mutinda
    April 6, 2016 at 10:16 am

    i am a student in university of nairobi taking real estate and would to be involved in this.could you please consider me. 0706282739

Leave a Reply

Your email address will not be published. Required fields are marked *