Purple Dot International Ltd has unveiled its brand-new EDGE Certified, Purple Tower to industry stakeholders, including investors and tenants who are set to make material savings on utility costs in the Sh2.5 billion mixed-use commercial project in Nairobi.
The proposed development, whose off-plan sale was unveiled by the developer today, sits along Mombasa Road, hovering just above the completed Nairobi Expressway which opened this month for public use. The MUD (Mixed Use Development) is centrally located and strategically nestled near key urban addresses including the city’s CBD (Central Business District), Upperhill, Westlands, Industrial Area, Wilson Airport and Jomo Kenyatta International Airport (JKIA) and SGR Terminal. The 14-floor edifice which is conveniently positioned near the Expressway’s entry/exit lanes parades the following spaces: showroom/retail (ground floor); food and beverage/restaurant (second floor); Grade A offices (third to fourteenth) and conferencing facility (fourteenth). The multiple entry, exit points from the tower significantly cuts down travel time to Mlolongo, Athi River as well as Westlands and Limuru Road.
Purple Tower’s design has achieved EDGE sustainability requirements, a benchmark initiated by the IFC (International Finance Corporation), the private sector lending wing of the World Bank, to encourage the design and construction of sustainable, resource-efficient buildings in emerging markets. For a building to receive EDGE certification, its design must incorporate measures that enable it to achieve threshold energy savings, water savings and savings in energy of embodied materials.
Said Jiten Kerai, General Manager of Purple Dot International, “Purple Tower, presents a timely and strategic proposition for both local and regional investors in the Kenyan property market. With its innovative building design, EDGE Certification and locational advantages, the mixed-use development truly embodies our core business model with respect to socially responsible investing, giving discerning investors an opportunity to diversify their investment portfolio with a property that delivers higher ROI (Return on Investment) over time. “
Together with our partners, we have come up with flexible, adaptable office spaces supported by financing options that enable buyers who come on board now to earn value appreciation that is comparatively higher than if they invested the same amount in investments of a similar tenor,” he added.
The developer Purple Dot International has partnered with a panel of financiers to support off-plan buyers and investors with flexible payment options spread through the construction period, which is estimated at 28 months. The project’s finance partners include Diamond Trust Bank (DTB), Victoria Commercial Bank (VCB), Stanbic Bank Kenya Ltd and Bank of Baroda Kenya Ltd
The consultants team working on the project include locally reputed Design Partnership Ltd, US-based architects DLR Group, Metrix Integrated Consultancy, Cost Studio Ltd, Urban Green Consultants and Bosch East Africa. DLR Group has an impressive global portfolio of projects including universities in China, US and Qatar, hospitals, hotels, and shopping malls, with the Mall of Emirates destined to be the biggest shopping mall in the world.
Purple Tower’s design takes into consideration energy and water consumption saving measures including increased natural ventilation with operable windows, reduced window to wall ratio, external shading devices, energy saving lighting to be used in all internal areas and to be in tenant leases, occupancy sensors in bathrooms, conference rooms, closed cabins/open offices, solar photovoltaics for 20 percent of total energy use. Water saving measures include flow faucets in all bathrooms and kitchen sinks and dual flush for WC in all bathrooms and water efficient urinal. Overall, Purple Tower’s energy savings are estimated to be 27%, water savings at 41% and 33% less embodied energy in building materials used.