desert burner
June 30th, 2011, 02:02 PM
http://www.businessdailyafrica.com/image/view/-/1191582/medRes/274497/-/maxw/600/-/hob0qr/-/house.jpg An artist’s impression of the Sh1 billion office block to be built in Changamwe. Courtesy
By GITHUA KIHARA (email the author)
Posted Thursday, June 30 2011 at 00:00
A property developer has planned a multi-million shilling office block in Changamwe, raising the profile of the town as a commercial centre.
Myspace Property Ltd will build 60 offices in a five-storey building, which will house leading shipping line agents, clearing and forwarding agents, cargo consolidators, transporters and banks, the firm’s managing director, Mwenda Thuranira said.
The block on a two- acre plot will have a parking yard and will be the first office building in the region to accommodate shipping industry investors in one place.
The construction of the office block to be located at Kibarani starts in August this year.
Property developers are shifting focus to Changamwe following congestion in Mombasa town pushing them to areas that have expansive land.
“Mombasa Island is already congested and cannot handle any huge demand for new offices,” Mr Thuranira said.
Market analysts say the ongoing planned expansion at the port of Mombasa and the construction of the Dongo Kundu bypass planned to start early next year will significantly dictate development in Changamwe area in the coming years.
The region’s fortune as a commercial hub started in 2007 when residential houses paved the way for the Container Freight Stations (CFSs) established to address congestion at the Mombasa port.
Shipping industry
Today, there are more that 15 licensed CFSs in the region. To construct a CFS, one requires a huge piece of land that can stretch as much as over 10 acres. The increase in number of CFSs has also attracted investors to construct parking yards near the freight stations.
The new office block will be located only five minutes drive from Mombasa port and is funded by I&M Bank to a tune of Sh1 billion, Mr Thuranira said.
“We are targeting people in the shipping industry. The growth in the industry is so enormous and enough to make Changamwe a new major shipping centre,” he said.
The proposed Dongo Kundu bypass will start near Miritini, about 10 kilometres away from Mombasa Island, West of Moi International Airport, on the central mainland and will connect to the South mainland along Likoni- Diani road.
The bypass, approximately 17.5 kilometres long, will significantly influence development projects in Changamwe due to its importance to the port.
It will connect with the new container terminal at Port Reitz at Mombasa port, whose construction is planned to start in two months time.
By GITHUA KIHARA (email the author)
Posted Thursday, June 30 2011 at 00:00
A property developer has planned a multi-million shilling office block in Changamwe, raising the profile of the town as a commercial centre.
Myspace Property Ltd will build 60 offices in a five-storey building, which will house leading shipping line agents, clearing and forwarding agents, cargo consolidators, transporters and banks, the firm’s managing director, Mwenda Thuranira said.
The block on a two- acre plot will have a parking yard and will be the first office building in the region to accommodate shipping industry investors in one place.
The construction of the office block to be located at Kibarani starts in August this year.
Property developers are shifting focus to Changamwe following congestion in Mombasa town pushing them to areas that have expansive land.
“Mombasa Island is already congested and cannot handle any huge demand for new offices,” Mr Thuranira said.
Market analysts say the ongoing planned expansion at the port of Mombasa and the construction of the Dongo Kundu bypass planned to start early next year will significantly dictate development in Changamwe area in the coming years.
The region’s fortune as a commercial hub started in 2007 when residential houses paved the way for the Container Freight Stations (CFSs) established to address congestion at the Mombasa port.
Shipping industry
Today, there are more that 15 licensed CFSs in the region. To construct a CFS, one requires a huge piece of land that can stretch as much as over 10 acres. The increase in number of CFSs has also attracted investors to construct parking yards near the freight stations.
The new office block will be located only five minutes drive from Mombasa port and is funded by I&M Bank to a tune of Sh1 billion, Mr Thuranira said.
“We are targeting people in the shipping industry. The growth in the industry is so enormous and enough to make Changamwe a new major shipping centre,” he said.
The proposed Dongo Kundu bypass will start near Miritini, about 10 kilometres away from Mombasa Island, West of Moi International Airport, on the central mainland and will connect to the South mainland along Likoni- Diani road.
The bypass, approximately 17.5 kilometres long, will significantly influence development projects in Changamwe due to its importance to the port.
It will connect with the new container terminal at Port Reitz at Mombasa port, whose construction is planned to start in two months time.