The Sh500 million commercial block, which is known as Tower One, is strategically located on Moi Road next to central post office – a location that allows easy access to key areas of the town.
The building has three levels of parking space, two levels of retail space and a further nine levels of grade A office space.
Tower One boasts features like transparent glass lifts, open spaces which allow in natural sunlight, a marble and granite finish and three balconies on each floor among other key attributes.
“We are targeting high-end clients and we already have bookings from Nairobi, Nyeri and Nakuru,” he said.
The Gilanis group of companies has majored in retail and wholesale business through Gilanis Supermarket for more than 40 years. In addition the family also owns huge warehouses in Nakuru’s industrial area as well as investments in the hospitality and transport industry.
Mr Gilani disclosed that the company decided to venture into real estate due to the rapid growth and stiff competition in the retail sector.
The decision not to open branches in neighbouring towns, Mr Gilani said, was also informed by the desire to cushion their clients who own small supermarkets in such towns.
Besides Tower One, the company is also putting up a multi million project on Maasai Avenue, which will be known as Central Business District Prestige Apartments. The housing project comprises of 20 three bedroom houses selling at Sh12.5 million each.