The Nairobi City County Government has invited private investors to finance and construct a 20-story building in Eastleigh that will be used for mixed developments.

🇰🇪 Breaking It Down

In a Request for Proposal seen by Kenyans.co.ke , the county said the project would be developed on a 1.279-acre (0.5116-hectare) piece of county land that is currently undeveloped or underutilised.

According to the notice, the county will contribute the land as equity, while the successful bidder will provide financing and other technical expertise for the development.

Tender documents revealed that the proposed development may comprise one block or several blocks, with the structures allowed to rise to a maximum of 20 levels.

📌 What You Need to Know

"The Program was structured as a Joint Venture (JV) framework with the Government offering land as equity contribution and the Bidders bringing on board finance and technical expertise. After review of the projects and progress to actual implementation, NCCG is on the course of implementing of Phase 2 of the Urban Renewal Programme," the notice read in part.

"The County has also identified the Eastleigh land, which is undeveloped/not utilised and therefore seeks to transform with the objective of constructing of a mixed-use development comprising market, retail, or commercial space and housing units," it added.

City Hall has set minimum requirements for the development, including at least four levels dedicated to a retail market , a minimum of two levels for retail or commercial activities, and at least 10 levels for apartment housing.

The complex will also include supporting facilities such as parking areas, eateries, washrooms, and meeting spaces.

Successful investors will be responsible for designing, financing, and building the project, with the development structured around either the sale or operation of the completed facilities.

The project forms part of the county's Urban Renewal Programme, anchored on the Nairobi Integrated Urban Development Master Plan (NIUPLAN).

📰 Source: Kenyans.co.ke