Lordship Africa, a leading international real estate development and investment company based in Nairobi, has finally received an approval on the renewal of their Building Permit, allowing the company to proceed with construction of Sub Saharan Africa’s tallest luxury condominium. This followed months of delay within the Nairobi City Council that caused stalling of projects and loss of revenue.
Speaking on receipt of the building permit renewal, Lordship Africa Chairman and Founder, Mr. Jonathan Jackson, expressed his optimism and hope that the county processes will soon be streamlined to curtail the confusion and economic loss brought about by delay in permit issuance costing the county millions per day as well as notable losses to investors.
“It has been a challenging time for many construction companies who have been lobbying for the Technical Planning Committee to meet and approve building permit renewals. With the receipt of the permit from the county, our construction project can now proceed. This project will allow us create more than 1000 job opportunities directly and through our partners, as well as continue to generate revenue for the county,” Mr. Jackson noted.
The 44-floor building that will comprise of 12,000 square feet of rental space with panoramic views of Nairobi, Ngong Hills, Mt. Kenya and Mt. Kilimanjaro, is located right at the heart of Upper Hill. There are currently about 40,000 people who work in the area but have to travel at least 2 hours each day to get to their places of work. 88 Nairobi, which will be built to international standards with UN Security Standards aims to ease the pressure to the Upper Hill working environment. It will include amenities like VIP lounge, business centres and conference facilities.
The complex will have fully furnished Studio, 1 and 2 bedroom Executive and Executive plus apartments, and deluxe penthouses that will feature three to four bedrooms starting from the 40th floor.
The Sh.5bn project is slated for completion within 36 months. “We have signed a contract with ZJCC Engineering and Construction Company Limited, which is among the world’s foremost construction companies, who will work with experts from Lordship Group and 88 Nairobi to deliver Sub Saharan Africa’s tallest residential development,” continued Mr. Jackson.
He concluded by saying, “We have a lot of multinationals, hospitals, hotels and Embassies within the Upper Hill area. This means a lot of people who would appreciate a secure, easily accessible home close to their workplace and an opportunity to invest within the area targeting short-stay expatriates. 88 Nairobi is responding to a need and filling a gap within the area for a high end, secure residential building.”