Kenya Grade-A Commercial Office Development
This spacious, modern Grade-A office building, located in Kilimani, Nairobi was completed on-time and on-budget in January 2019. The development includes 34 office suites, a conference facility, a restaurant with a large terrace, on-site shop and 250 parking spaces.
Wellers Impact undertook this project on behalf of Truestone Impact Investment Management in 2016 overseeing the complete development process. Currently in the ‘Fair Exit’ phase of the pipeline, five remaining floors and a proportion of the parking are still available for sale or rent. This offering is ideal for local professional services firms. See more details of the property, view its website here.
Blog - CMS Africa Project Site Update #3
Wellers Impact’s not-for-profit partner on this development is CMS-Africa. CMS-Africa provide business development and training programs to youth and women in 9 African countries. Their headquarters are in Nairobi, Kenya.
As a result of this partnership, CMS-Africa has received a 21% equity share of the development, which forecasts to provide them with approximately US$350,000 in annual rental income. They will also retain ownership over their land.