Nairobi: Demand for Commercial Property drives building boom in UpperHill

If you have been out of Kenya for the last 10 years,you would not recognise upperhill Nairobi.10 years ago was a vastly empty,with only a few apartment buildings.

Upperhill is situated about 5 mins drive from the city center.Since 2002,demand for commercial property for rent and lack of space for expansion in the CBD has driven the growth of Upperhill into a sort of 'mini city" within Nairobi.

Coca Cola,GeoMaps,Blue Shield,NIC bank,Coopertaive Bank,Imperial Bank,the British council and a host of other companies have set up base in Upperhill.Upperhill is particularly attractive to investors because of its clos proximity to the city center and its serene environment.

Most of the parcels of Land in Upperhill are government owned.And about 30% are undeveloped.
The empty spaces that characterized Upperhill a few years ago are no more.Glass skyscrapers and fancy archicture dot the small but growing skyline of upperhill.Its almost as if its a competition.With buildings competing for the best and most innovative look.

What is surprising is that there are a few parcels of land left in this prime area.God only knows how much this parcels of land are worth now.But one thing is for sure,if there is a private land owner in this area,he's/she's a millionaire waiting to happen.Donald Trump should have a Trump Towers here!the tallest building in Nairobi(and East and Central africa),the Times Tower has 35 floors.A building taller than this would generate enough hype in the whole region.And there would be no better place to have it than the Upperhill area.

In the meantime,take a look at the fancy buildings dominating upperhill now.














Above is Imperial Bank,NIC Bank and CoopBank.


NOTE:for Potential investors to Nairobi or Kenya visit Kenya Investment Authority for more details on investment opportunities regulations and general information.

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