Hi

Curious to know what a building like times tower costs at current costs of construction and if any one knows how much it was to build back then.

Also if any one knows the maximum height you can build to on waiyaki way?

It all depends on how big your plot is. There are ratios which govern the number of floors on a building. The larger the plot, the higher you can go.

Very interesting. Who financed it GOK?

N.s.s.f is planning to put up a 38 storey building at their nakumatt lifestyle building at a cost of 2b,it should be however noted that the foundation and ground floors which consume much money are done.

To (very) roughly estimate the cost of a building, Multiply the no. of floors by the approximate/average area of each floor. Multiply the product with an estimated 0.2m (usually 0.15-0.2m) for each floor slab thickness. That will give an estimate of the concrete to be used. (Note that most of the concrete is used in slabs and contribute to the high cost). The quantity of Concrete obtained is then multiplied by the rate price (currently around KES21,600.00 for class C25/20 concrete). The multiply the cost by a factor of 1.5 to compensate for steel, placing of concrete, formwork, walls (masonry/glass), columns etc.

Then multiply the product with a factor of 1.2 ( electro-mech works like lifts, lighting etc, Architectural works and Consultancy (U will need a physical planner, quantity Surveyor, Architect (the boss here), Civil and structural engineers and Electrical and Mechnaical Engineers. Nowadays, Landsscape architects are also needed)

EXAMPLE: Suppose we take Times Tower to be 32 floors 75mby 75m, THEN;
(32floors X 75m X 75m x 0.2m X KES21,600 X 1.5)X1.2 = KES1,399,680,000.00 = KES1.4B.

NOTE: THIS IS A VERY ROUGH ESTIMATE BUT CAN BE USED AS A PRE-FEASIBILITY STUDY ESTIMATE!

Not quite.

The building at Uhuru park [freedom corner] was to be KANU HQ + 5-star hotel. I don't think it was related to times towers.

Time Tower was initially planned as the new HQ of Central Bank. If you look at it closely you will notice design similarities.

Then 6 months to completion, CBK announced that they were not interested in a new HQ, they were happy with their current location.

So they invited the public to suggest names for the "building adjacent to CBK". There was even some prize money for it. They insisted that the suggested names should bear no relationship whatsoever to "Central Bank" or the letters "CBK".

They eventually picked on Times Tower and started looking for tenants - I think CBK owns the building.

KRA applied to take the whole building and moved from Community [now, the new Nairobi Law Courts] + NSSF buildings to their new home.

@fantony, that was TOOOOOO HARD ON ME!

I think it depends on who's building it. Chinese will charge you a quarter of what Mugoya will charge you and the quality will be 250 times higher.

What happened to the plot??