Friday, March 29, 2024

CBD building to go for sale at Sh. 460 million

A city building block that sits on 0.3 acres is set to go for sale at a price of Sh. 460 million.

The property is being sold by listed financial services group Sanlam Kenya Plc. This is after the seller decided to move from the CBD to its new offices in Westlands. Sanlam has set up a Sh2.7 billion green building, rising 18 floors in Westlands. The building is expected to be ready for occupation by December 2017.

The Sanlam House — formerly Pan Africa Life House — building whose construction began in 1928 and completed three years later was designed by Chudha International — then under the stewardship of architects Joginder Singh Chudha and Harpal Singh Pawa who parted ways in 1972 after the later retired from active service.

Interestingly, the building is a preserved historic monument.

According to the custodian the National Museums of Kenya, the building’s grand style was intended to proclaim the permanence of “lofty ideals of the British rule”.

It once housed the Ministry of Agriculture headquarters before it became home to the Teachers Service Commission (TSC).

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