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HassConsult announce new landmark development

August 15, 2016 3:01 pm by: Category: Construction, East Africa, In Focus, Real Estate and Property A+ / A-

Hass Consult has announced the launch of Montave, a high-end mixed use development that will further change the skyline in Nairobi’s Upperhill.

Montave features a towering 40 floors and 160 meter high, to deliver Nairobi’s most prestigious address offering the best in luxury, practicability at a convenient and central location.

Montave is a proposed development that presents an intricate mix of shopping, working, visiting, living and leisure at 3.54 acre site in the Upperhill financial district of Nairobi.

HassConsult has been appointed to direct the design, construction and management of Montave whose developers include an investment consortium comprising local and foreign investors.

Sakina Hassanali, Head of Research and Marketing at HassConsult said that they have designed Montave to meet a distinct market gap.

“As Upperhill holds a third of the city’s commercial property, there is very little supply of residential, retail and entertainment facilities in the suburb. We see this as a way of bringing vibrancy to upper hill through a mixed use development that encompasses all lifestyle components – in effect trying to revolutionize the offering of commercial zones to meet the needs of a more social and connected audience” he said

“Montave will afford users the most panoramic view of Railway Golf Course and Uhuru Park, the only development that will show the greenest of Nairobi at such a high level. The building also features a rooftop helipad -the first of its kind in a mixed-use development in the suburb,” said Hassanali.

The project sits on a Sh1.83billion piece of land nestled at the junction of Lower Hill Road and Haile Selassie Avenue and fronting Kenya Railways Golf Course with views of Uhuru Park and the City Centre. It is served by major road arteries making it is easily accessible from any node in the city.

The location also sits at the doorstep of the Central Business District (CBD), the Community Area administrative node that hosts the law courts, government offices and the city’s health belt that is served by Nairobi and Kenyatta hospitals and affiliated healthcare providers.

On completion the building will house one, two, three-bedroom apartments, penthouses, a commercial tower, shopping mall, mini-theatre,  resident lounges, business lounges, convention center, an elevated park, a grand piazza, a 30 meter infinity pool twenty stories high and health club – all designed to the highest in global standards.

Hassanali says that Market demand is highest for developments that have enveloped high-end commercial.

“Such properties will command price appreciations of up to 40 per cent on top of average market rates. We have kick-started off-plan sales where we are offering the one bedroom luxury apartments from Sh8.9million, Sh12.9million for the two bedrooms and Sh22.9million for the three bedroom apartments,” she added.

Construction of Montave is expected to begin in the second half of 2017 and is expected to be completed within three years.

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About Brian Yatich

Business and ICT journalist covering developments in Kenya, Africa and the World. Email: yatich@theafricanbusinessfortune.com
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