A 46 floor twin tower building is set to be constructed in Nairobi’s Westlands area by Retirement funds manager Zamara. Zamara’s Umbrella Solutions Head Angela Okinda confirmed the reports and said that preliminary plans had been completed and construction is scheduled for mid this year.
She pointed out that the new property will see the first three floors reserved for commercial and retail use while the remaining upper floors will accommodate offices. Also, the east wing of the tower will have 30 floors while the other will have 16 floors.
Commercial and retail real estate
“The project is in Westlands where the intention is to build commercial and retail real estate with two towers, one of 16 floors and another of 30 floors with three floors of retail space. This will kick off in the second half of 2018,” said Ms Okinda.
Also, Zamara Executive Director James Olubayi confirmed the news and said the move was aimed at utilising part of their 128 acres of land in Nairobi, and Kisaju and Kipeto in Kajiado County, for the benefit of their member retirement schemes which bring together 33,000 members.
“Our first strategy was to build a residential estate of 211 housing units worth US$ 27m and a mall worth US$ 4m at our 30 acre property in Kitengela but we have now settled on purchasing a commercial building with tenants so as to boost earnings for our members,” said Mr Olubayi.
Specializing in actuarial, pensions, medical and insurance solutions, Zamara brings a fresh perspective to financial services by redefining convention and cutting through the complexity so as to simplify matters and design financial solutions that help you achieve financial success.
We have a rich heritage spanning over 23 years. The firm started in 1994 as a niche actuarial firm initially operating as Hymans Robertson. In 2003, the firm became part of the Alexander Forbes Group before adopting the new corporate identity Zamara in 2017.