On May 30, 2022, Purple Dot International Ltd launched the new EDGE-certified Purple Tower, a Ksh2.5 billion mixed-use commercial project in Nairobi.
The proposed development, whose off-plan sale was unveiled by the developer, sits along Mombasa Road, hovering just above the Nairobi Expressway.
Strategically located near key urban addresses including the city's CBD, Upperhill, Westlands, Industrial Area, Wilson Airport, and Jomo Kenyatta International Airport (JKIA) and SGR Terminal, the 14-floor building features showroom/retail (ground floor), food and beverage/restaurant (second floor), Grade A offices (third to 14th), and conferencing facilities.
Designed to achieve EDGE sustainability requirements, Purple Tower incorporates measures that enable it to achieve threshold energy savings, water savings, and savings in energy of embodied materials.
According to General Manager Jiten Kerai, Purple Tower presents a timely and strategic proposition for both local and regional investors in the Kenyan property market.
‘With its innovative building design, EDGE Certification, and locational advantages, the mixed-use development truly embodies our core business model with respect to socially responsible investing, giving discerning investors an opportunity to diversify their investment portfolio with a property that delivers higher ROI over time,’ Mr. Kerai said.
The developer has partnered with a panel of financiers to support off-plan buyers and investors with flexible payment options spread through the construction period, which is estimated at 28 months.
The project's finance partners include Diamond Trust Bank, Victoria Commercial Bank, Stanbic Bank Kenya Ltd, and Bank of Baroda Kenya Ltd.
The consultants team working on the project includes locally reputed Design Partnership Ltd, US-based architects DLR Group, Metrix Integrated Consultancy, Cost Studio Ltd, Urban Green Consultants, and Bosch East Africa.
