Month: June 2014

  New office space in Nairobi continues to be constructed on a daily basis. Areas such as Upper Hill, Kilimani and Westlands are currently being constructed into high rise office space whenever there is empty available land. Since land around Nairobi which is commercial and suitable for office space is expensive, developers construct vertically upwards.…

Cost Item Kshs % Land 150,000,000.00 19.91767362 Preliminary 4,000,000.00 0.531137963 Construction 450,000,000.00 59.75302085 External Works 22,500,000.00 2.987651042 Contingency 9,000,000.00 1.195060417 Professional fees 22,500,000.00 2.987651042 Project Management fees 9,000,000.00 1.195060417 Marketing 5,100,000.00 0.677200903 Financial Charges 81,000,000.00 10.75554375 Total 753,100,000.00 100 Financing Plan Kshs % Developer 303,100,000.00 40.24697915       Debt Finance 450,000,000.00 59.75302085 Presales 110,000,000.00…