The 88 Nairobi Condominium apartments in Nairobi’s Upper Hill area will cost up to Sh. 480,000 a month to rent.
Buyers at the apartments will have to fork out Sh. 11.5 million and Sh. 35 million for one-bedroom and two-bedroom units respectively.
Condominiums are popular in global cities such as New York, in Chicago and Singapore. The Nairobi one will be the first in Kenya, alongside the upcoming Hilton Tower.
Real estate firm Lordship Africa on Wednesday unveiled the mega project that will cost upto Sh. 5 billion and come with fully-furnished units.
The building will have 12,000sq feet of rental space and an additional 16,000sq feet of gardens space.
It will feature a branded restaurant, a convenience store, 24-hour concierge services and gym and spa facilities.
Additionally, it will feature a heated indoor swimming pool on each of its floors, smart-house technology, and a 435-size parking space.
Design of the structure is already ongoing while construction will be undertaken by both Kenyan and international contractors, starting April this year. The project is expected to be completed by mid-2020.