Knight Frank begins leasing of UAP-Old Mutual towers

UAP Towers.
A graphic of the UAP Towers. A Dubai-based investor has launched an ambitious plan to build a Sh5.52 billion towering complex in Nairobi comprising a shopping mall, office block and a hotel modelled on Singapore’s Iconic Marina Bay Sands Hotel.  PHOTO | COURTESY

Real estate firm Knight Frank has announced commencement of leasing floors and parking spaces at the 33 storey- UAP-Old Mutual Towers.

The residential and commercial house-letting company said the Sh4 billion building situated in Upper Hill is mainly targeting high-end clients looking for Grade A offices.

Other buildings under construction in Upper Hill include the Sh4 billion Kenya Re building as well as the soon to be ready Sh2.1 billion KCB Plaza that will see its 21 storeys serve as KCB’s regional headquarters.

Oil marketer Kenol Kobil has however shelved its plans to build its Sh1.5 billion office block in the Nairobi CBD on what they said is due to rising supply.

The State-owned Times Tower at 32 floors had been the tallest building in town after taking over from KICC with 29 floors which held the reins for the past four decades.