Coca-Cola is looking for a buyer for its Nairobi’s Upperhill offices for just whereabouts of $10.3million

In 2008, Coca-Cola unveiled the iconic three-storey building where rent ranges between Sh130 to Sh200 per square foot.

___9128776___2018___11___22___7___Coke-van-Chattanooga
  • The offices, which act as Coca-Cola headquarters in East and Central Africa which oversees operations in 14 African countries, sit on four acres and was constructed at a cost of Sh700 million.
  • According to a statement from the soft drink manufacturer, the decision to exit Upperhill is in line with their Vision 2020 on workplace agenda.

The offices, which act as Coca-Cola headquarters in East and Central Africa which oversees operations in 14 African countries, sit on four acres and was constructed at a cost of Sh700 million.

Going by the current value of the shilling to the dollar, the premises can be valued to Sh1.03 billion.

The beverage maker is also open to the idea of leasing it out barely 10 years after opening it up for business.

According to a statement from the soft drink manufacturer, the decision to exit Upperhill is in line with their Vision 2020 on workplace agenda.

“The new office location will allow the company achieve a new modernised space built to suit needs of a more agile, and even faster paced business,”  Coca Cola general manager Ahmed Rady said.

Coca-Cola company chairman Neville Isdell said at the time that they chose Kenya as a host of its offices due to improved communication infrastructure.

The company will be relocating to Lavington to occupy its newly-built 90 James Gichuru office in a move it says is aimed at providing a modern workplace that enhances creativity and innovation among its staff.

“We want to provide our employees with the best work experience and one of the key projects, which are global, but we are working on here (in Nairobi office), is called “Workplace Vision 2020” where the space that we provide is more open, more collaborative. It also inspires creativity, innovation and is less formal and more comfortable with more hang-out places,” said Regional general manager Ahmed Rady.

The company also added that it opted for the new office because it was looking for a work station near residences and social amenities such as schools, shopping malls and restaurants.

The firm on May 15 opened a Sh7 billion ($70million)  juice processing plant in Nairobi with a production capacity of 28,000 bottles per hour using a hot-fill technology in line with its strategy to become a full beverage company.

The maker of soda (such as Coca-Cola, Fanta, Krest and Sprite), water (Dasani & Keringet) and juices (Minute Maid) has embarked on diversification of its product offering to include tea and coffee-flavoured drinks, sports drinks and smoothies.

Currently a leader in the beverages industry, the company provides employment to an estimated 13,000 people directly in bottling activities and a further 700,000 through auxiliary services within the supply chain.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke