The number of local and international investors looking to invest in Africa’s tallest building, ‘The Pinnacle’ is growing as the project takes shape, project developers have said.
Giving an update on the project, Mr. Mokase Monono, the Operations and Project Manager for the Pinnacle Towers, said project had attracted a great deal of interest from investors, especially those seeking ‘certain level of luxury and technology’.
“We’ve had more demand than challenges and we have received a lot more interests from investors some of whom we have turned down,” said Mr. Monono.
Combining indulgent luxury with high-end commerce and distinctive architectural design, the Pinnacle is an exquisite mixed-use development at the heart of Upper Hill, Nairobi’s fast growing business and financial hub.
Backed by the Dubai-based project developers, White Lotus Group and Hass Petroleum of Nairobi consists of two adjacent towers. The shorter tower, at 45 floors will house the 255-room, five-star Upper Hill Hilton Hotel, the third Hilton franchise in Nairobi and the 50th on the African continent.
The taller tower, with 70 floors, will feature eleven floors of commercial office space, nine floors of upscale rental retail space and 209 upscale 1, 2 and 3-bedroom, serviced residential apartments. Other amenities include conference facilities, a gymnasium, luxury spa and an infinity pool. The taller tower will have a roof-top helipad.
The $200 million project has LEED features which will include water management through recycling and harvesting and energy management mechanism.
“Receiving Gold LEED certification has always been our key goal for this iconic project,” said Mr. Monono. “Tenants at The Pinnacle will experience an indoor environment that is healthier for their employees and customers, and certainly healthier for the environment.”
The project is expected to be completed in 2021