Construction of a multi-billion business park at Africa's third largest mall commences
The office park will house the headquarter offices of beer maker EABL.
Developers of Garden City Mall said the commercial complex, whose construction began on Tuesday,will cost Sh54 billion ($540 million) with UK private equity fund Actis expected to fund the project.
Beer maker East African Breweries Limited (EABL) will take up a considerable amount of office space at the integrated development complexfollowing a lease agreement with Actis.
“We are delighted to be breaking ground with 60 per cent of the space already pre-leased to EABL,” said Garden City managing director Chris Coulson.
EABL’s current commercial office block was unveiled in 1972 and has been the operational nerve centre of the company’s business since then.
The complex will offer over 25,000 square metres of lettable office space, with a healthcare facility, two hotels and over 400 mid-market residential units.
The first commercial office phase of the office park is scheduled for completion in the second quarter of 2019. It will comprise green spaces and a pedestrianised boulevard linking it to over 100 shops in Garden City Mall, 215 residential units in Garden City Village and a three-acre central park.
Construction first commenced at Garden City at exit 7 on Thika Superhighway in July 2013 and the Business Park, spread across 15-acres within the master plan, is the second stage of the overall development.
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