Sign in
Download Opera News App

Economy&Finance

 

Real estate

 

Multi-billion Nairobi Building Nobody Wanted to Occupy

Nairobi is made up of Tall amazing multi-billion buildings. The city is among the top five cities in the continent that has taller and beautiful buildings. Now their is this building that is found at Nairobi Central Business District, Upper Hill area .(courtesy of BIZNAKENYA).

The building is called the Kings Prism Tower. The building was opened for tenants in 2018, theb34 storey building was on the market for anyone who want to rent space.

Despite having an eye catching shape and design, the building remained empty for two years. Nobody wanted to occupy, and by February 2020, the building was still empty.

The main reasons why the Grade A building wasn't attracting tenants, was pointed to the troubled waters, that the real estate sector is currently going through. Knight Frank, who is the manager the stagnation of the rental prices and decline in office uptake was mainly linked to economic slowdowns.

When I say a Grade A building, it simply means that it is the building of highest quality, and the favourite and top choice of most multinationals. The building is estimated to cost billions of money.

Content created and supplied by: Brianwanga269 (via Opera News )

BIZNAKENYA Kings Prism Tower Nairobi Nairobi Central Business District Upper Hill

COMMENTS

Load app to read more comments