Hazina Towers

Hazina Towers
General information
Status Under construction
Type Commercial
Location Moktar Daddah Street
Nairobi, Kenya
Coordinates 1°16′57″S 36°48′56″E / 1.282491°S 36.815562°E / -1.282491; 36.815562Coordinates: 1°16′57″S 36°48′56″E / 1.282491°S 36.815562°E / -1.282491; 36.815562
Construction started 1997
Completed December 2018 (Expected)
Owner NSSF Kenya
Technical details
Floor count 15
Design and construction
Architect Mruttu and Salman Associates
Main contractor China Jiangxi International

Hazina Towers, also Hazina Trading Centre, is a building under construction in Nairobi, the capital and largest city in Kenya. The building was originally planned to be 39 storeys tall.[1]

Location

The building is located at Moktar Daddah Street in the central business district of Nairobi.[2] The coordinates of the building are:1°16'57.0"S, 36°48'56.0"E (Latitude:−1.282491; Longitude:36.815562).[3]

Overview

Hazina Towers is owned by National Social Security Fund (NSSF). In 1997 construction began, with the plan to lease the completed building and generate income for the pension fund. Due to financial difficulties, construction stalled at 8 stories. In 2003 NSSF leased the eight-storey structure to Nakumatt, a local supermarket chain.[2]

In 2013, following protracted legal challenges, China Jiangxi International was contracted to resume construction by adding 31 new stories to the existing structure.[2][4] The total cost of the project is budgeted at KSh6.7 billion (approx. US$67.3 million). When complete, rental income is projected at about KSh100 million (approx. US$1 million) per month.[5] The Kenyan Parliament is considering leasing space in the building for its members.[6]

  • Note: US$1.00 = KSh99.62, on 31 March 2016.

New developments

In the period between June 2013 and March 2018, the management of the NSSF Kenya decided to change the building size from 36 floors to 15. As of March 2018, construction was still progressing, although the cost of he smaller tower of 15 floors was not publicly known.[7]

See also

References

  1. ↑ Ngigi, George (11 July 2013). "NSSF's tower set for ground breaking in Nairobi". Business Daily Africa. Nairobi. Retrieved 31 March 2016.
  2. 1 2 3 CRO (11 February 2014). "Construction of Kenya's tallest skyscraper kicks off". Construction Review Online (CRO). Retrieved 31 March 2016.
  3. ↑ Google (31 March 2016). "Location of Hazina Towers, Nairobi, Kenya" (Map). Google Maps. Google. Retrieved 31 March 2016.
  4. ↑ Nation Reporter (23 August 2015). "Nairobi County adds another twist to Hazina Towers construction". Daily Nation. Nairobi. Retrieved 31 March 2016.
  5. ↑ Construction (21 February 2015). "Hazina Trade Centre set to be the tallest building in Kenya". Nairobi: Kenyanews.co.ke. Retrieved 31 March 2016.
  6. ↑ Shiundu, Alphonce (24 May 2012). "Governors allocated Sh800m for houses". Daily Nation. Nairobi. Retrieved 31 March 2016.
  7. ↑ Owino, Samwel (16 March 2018). "MPs take NSSF to task over cost of Hazina Towers project". Daily Nation. Nairobi. Retrieved 16 March 2018.
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