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Nairobi To Host New Sh2.5B Mixed Use Office Building

The Purple Tower is set to be built on Mombasa Road through off-plan arrangement

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Purple Dot International Ltd at last week unveiled the new EDGE-certified Purple Tower to industry stakeholders, including investors and tenants, who are set to make material savings on utility costs in the Ksh2.5 billion mixed-use commercial project in Nairobi.  The proposed development, whose off-plan sale was unveiled by the developer, sits along Mombasa Road, hovering just above the Nairobi Expressway.

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The MUD (Mixed Use Development) is centrally located and strategically nestled near key urban addresses including the city’s CBD (Central Business District), Upperhill, Westlands, Industrial Area, Wilson Airport and Jomo Kenyatta International Airport (JKIA) and SGR Terminal. The 14-floor building has showroom/retail (ground floor); food and beverage/restaurant (second floor); Grade A offices (third to 14th) and conferencing facility (14th).

Purple Tower’s design has achieved EDGE sustainability requirements, a benchmark initiated by the IFC (International Finance Corporation), the private sector lending wing of the World Bank, to encourage the design and construction of sustainable, resource-efficient buildings in emerging markets. For a building to receive EDGE certification, its design must incorporate measures that enable it to achieve threshold energy savings, water savings and savings in energy of embodied materials.

Mr Jiten Kerai, General Manager of Purple Dot International, said Purple Tower presents a timely and strategic proposition for both local and regional investors in the Kenyan property market. “With its innovative building design, EDGE Certification and locational advantages, the mixed-use development truly embodies our core business model with respect to socially responsible investing, giving discerning investors an opportunity to diversify their investment portfolio with a property that delivers higher ROI (Return on Investment) over time,” Mr Kerai said.

The developer, Purple Dot International, has partnered with a panel of financiers to support off-plan buyers and investors with flexible payment options spread through the construction period, which is estimated at 28 months. The project’s finance partners include Diamond Trust Bank (DTB), Victoria Commercial Bank (VCB), Stanbic Bank Kenya Ltd and Bank of Baroda Kenya Ltd

The consultants team working on the project include locally reputed Design Partnership Ltd, US-based architects DLR Group, Metrix Integrated Consultancy, Cost Studio Ltd, Urban Green Consultants and Bosch East Africa. DLR Group has an impressive global portfolio of projects including universities in China, US and Qatar, hospitals, hotels, and shopping malls, with the Mall of Emirates destined to be the biggest shopping mall in the world.

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Purple Tower’s design takes into consideration energy and water consumption saving measures including increased natural ventilation with operable windows, reduced window to wall ratio, external shading devices, energy saving lighting to be used in all internal areas and to be in tenant leases, occupancy sensors in bathrooms, conference rooms, closed cabins/open offices and solar photovoltaics for 20%of total energy use.

Water saving measures include flow faucets in all bathrooms and kitchen sinks and dual flush for WC in all bathrooms and water efficient urinal. Overall, Purple Tower’s energy savings are estimated to be 27%, water savings at 41% and 33% less embodied energy in building materials used.

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KALU MENGOhttp://www.businesstoday.co.ke
Kalu Mengo is a Senior Reporter With Business Today. Email: [email protected]
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