KCB to build Sh2.1 billion complex

Kenya Commercial Bank Group Chairman Mr. Peter W. Muthoka

The Kenya Commercial Bank (KCB) Group Pensions Fund has laid the foundation stone to kick off the construction of an ultra-modern Sh 2.1 billion complex in Upper Hill, Nairobi.

Dubbed KCB Plaza, the Sh2.1 billion complex will adopt green architecture, following the global trend where developers use modern construction materials to cut power costs and conserve water.

When complete, KCB Plaza will have 21 storeys consisting of approximately 171,800 square feet of rentable office space and enough parking for about 450 vehicles.

The building will have as its main tenant, Kenya Commercial Bank, which will relocate its headquarters from Kencom House in the central business district.

“The complex, which will adopt green architecture, will be one of a small number of buildings in this country that comply with the globally accepted standards of green buildings will be ready for occupation by January 2013,” KCB Group Chairman Mr. Peter W. Muthoka said on Monday during the foundation-laying ceremony.

The proposed KCB Plaza is designed to use natural light during the day and will be fitted with solar panels to reduce consumption of power. The building will be fitted with modern technologies to manage consumption of water and energy, in addition to harvesting rain water.

“This project saw us visit several sites across the world to appreciate various green architectural designsbefore settling on the one whose model is before you. We put our faith in our contractors (China Wu Yi Constructors) to bring this project to an exciting conclusion and within the agreed timelines,” said the  Chairman of the KCB Staff Pension Fund and Board Director Eng. Musa Ndeto.

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