UAP Holdings Limited is set to build the tallest commercial building in Juba, the capital city of South Sudan.
Dubbed Equatoria Tower, the 12-storey office complex will reportedly be South Sudan’s first modern serviced building offering amenities such as air conditioning, internet, three high speed elevators, water, electricity and sewage disposal.
The development, which will adopt green building standards, will be undertaken by UAP’s newly created South Sudan property company – UAP Properties Ltd (UAPL) at a cost of US$16.9 million.
UAP has secured a US$5 million from the International Finance Corporation (IFC) of the World Bank to finance the project.
UAP Group Chairman Joe Wanjui said Equitoria Tower is a strong commitment by the UAP Group and its partners – Central Equitoria Investment Company with a 30 per cent shareholding – to development of infrastructure in South Sudan.
“The development will contribute towards addressing the critical supply gap of high quality offices in South Sudan,” said Mr Wanjui.
Equitoria Tower, the first project to be funded by IFC in South Sudan, is being positioned as a platform for the development of high quality business infrastructure in Juba and other parts of South Sudan.
On completion by the end of 2013, the building will span a total lettable area of more than 70,000 square feet.