The Pinnacle, whose ground-breaking was held on Tuesday, comprises a 5-star hotel and a 300 metres high office block that will overtake the 223 metres tall Carlton Centre in Johannesburg as Africa’s tallest building.
The 255-room Hilton Nairobi Upper Hill will be hosted on the 45-storey wing, while the 70-storey wing will comprise Grade A commercial offices and a luxury shopping mall.
The Pinnacle is a joint venture between Hass Petroleum Group’s real estate subsidiary Jabavu Village and Dubai-based investment firm White Lotus Group.
“We expect the entire building to be completed by December of 2019, although the 255-room hotel may be completed earlier,” Mr Hassan said.
In March, Hass Group disclosed that it had signed a deal with China State Construction Engineering Corporation (CSCEC) to undertake the project.
The deal, which was signed in Beijing on February 28, was hailed by Mr Hassan as an ‘historic’ event that came after a long negotiation and tender process.
“They (CSCEC) went through a rigorous tender system which they won over ten international companies including European, Turkish as well as other Chinese competitors,” Mr Hassan said in a statement on March 9.
At 300 metres, The Pinnacle – which sits on two acres of prime land in Nairobi Upper Hill district, will dwarf the upcoming Britam Towers (200 metres); AVIC International Tower (175 metres); UAP Tower (163 metres); Times Tower (140 metres); and the KICC (105 metres).