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Village Market Expansion & Green Hill Hotel | Gigiri

35K views 57 replies 28 participants last post by  thebonz 
#1 · (Edited)
The owners of Tribe Hotel are increasing their investments in Gigiri area by building a Sh1.2 billion budget hotel to capture the growing demand from companies and diplomatic institutions.

Green Hills Investment, which runs the Tribe Hotel and Village Market, has informed authorities of its plans to build low-cost hotels to be known as Green Hill which will have 200 rooms and a conference centre.

It is eyeing visitors living in luxury homes surrounding the Gigiri diplomatic zone, which is home to the UN, embassies and foreign staff.

Green Hill will join the growing list of global chains like Radisson Blu, Villa Rosa Kempinski, Best Western and Easy hotels which are expected to set up in Nairobi within the next two years targeting luxury and business travel.

Majority of visitors and tourists cannot afford the services at Tribe Hotel (a five-star) and the construction of Green Hill Hotel (three-star) will benefit many people as its services will be relatively cheaper,” Green Hills Investment said in a letter to the environmental watchdog Nema.

“Due to the success of Tribe Hotel, the rates achieved through sales to corporate and diplomatic clients have proved expensive for the UN visitors who normally look for less expensive accommodation with the possibility of savings.”

Construction of the hotel will see businesses located within the Village Market shopping complex being displaced in a bid to build 700 new parking spaces and link Green Hill to Tribe.

The building housing Steers restaurant, NIC Bank and Village Bookshop is earmarked for demolition while a Nakumatt Supermarket outlet will be expanded to include a new parking lot.

Water slides and swimming pools will be moved while the popular Maasai Market will close temporarily.

“People who have leased business outlets within the block that will be demolished will lose their businesses,” added Green Hills Investment.

http://www.businessdailyafrica.com/...39550/1662792/-/item/0/-/oass9pz/-/index.html
Another addition in the Nairobi area :banana:


I will look for renders
 
#4 ·
GIGIRI | Village Market $50m Expansion | Proposed

Village Market to expand with new hotel and shops
Business Daily Africa
5 November 2013​
Greenhills Investment, the developers and managers of Village Market and the Tribe Hotel, are investing Sh4.2 billion ($50 million) on an expansion plan that will see a new shopping annex, hotel, parking and expo centre constructed.

The expansion plan is driven by increased demand for accommodation and retail space in the northern side of the city.

The new plans will see the developers put in place a one-stop shop to start early next year and be completed in two years.

“We are very bullish about the market and positive of what is happening in Kenya,” said a Tribe Hotel director, Mr Hooman Ehsani.

Built over two decades ago, the Village Market was one of the first shopping malls in Nairobi. It started out with 10 shops, and continued to expand and has remained a popular venue over the years.

The new development will take up the space that currently has water slides and swimming pool. The new hotel is expected to have 190 rooms and will be a part of the new extension of the shopping mall.

Guests at the hotel will be able to walk out of the lobby into the mall, as is the case in major shopping centres in South Africa, America and Europe.

[continued in link]
 
#5 ·
GIGIRI | Village Market Expansion

Village Market to set up hotel in Sh5 billion expansion

Source - Daily Nation

The Village Market shopping mall has unveiled a Sh5 billion expansion drive into new retail outlets, restaurants and a hotel targeting business tourists and luxury product stores.

The money to be sourced through a loan from Equity Bank, will redevelop the shopping mall that sits at the heart of the diplomatic centre in Nairobi.

The investors plan to develop 75 new retail outlets, restaurants and a 187-room hotel with conference facilities for 500 people.

“We realise the next evolution in tourism for Kenya will be in meetings, incentives, conferences and exhibitions,” The Village Market’s managing director Hamed Ehsani said.

Previous expansions included investment in Tribe Hotel. It has also completed redesign of its food court, expansion of the Nakumatt supermarket by introducing over 20 retail outlets and developing 150 more parking spaces.

“Multi-national, luxury retailers require more space and specific configurations for interior dimensions,” Sanjay Shah director of shopping mall noted.

Construction is expected to start in May with retail and restaurant outlets opening by the end of next year. The new hotel would open in mid 2016.
 
#12 ·
This project is a bit confusing to me..They just renovated the food court..is that area going to be demolished?? where will this Green Hotel be located. Next to Nairobi Sports House, another restaurant was also opened I believe last year after some renovations..
 
#17 ·
Village Market: We’re confident of more growth
The Standard
May 2015​
The Village Market has just marked 20 years since it opened its doors to the public. How has the journey been?

The journey has been long. When I look around at what we have accomplished, I am amazed by how the Village has grown. We started off with the idea of a small mall, maybe thirty or so shops. It has now blossomed into more than a shopping complex, with close to 200 shops and more to come as we complete phase seven that is currently under construction. We have tenants who have been with us from the beginning. They always support us. The journey we have undertaken together is impactful because of the communication and exchange of ideas that relationships such as these accord us.

Many business establishments have been hit in the wake of security threats and travel advisories. How have you faired on?

We have felt the impact of insecurity. I doubt there is any sector in the country that has not been affected. The strategic location of the Village Market in the middle of a diplomatic zone, surrounded by embassies, and our ties and relationships with our neighbours allow us to be privy to their security updates and information. We are therefore always on top of what is happening and how we should position ourselves. More than ever before, we are investing in technology to assist us in the work and should there be real and credible threat, we would be the first to alert the public. We are committed to using the best technology to screen and vet people who come in and out, the best being our sniffer dogs! We do appreciate any feedback or information that may help us in making the Village Market safe and secure.

A lot of construction has taken place at the complex. Is this an indicator that business is booming and demand for commercial space is on the rise?

Basically, we are responding to the needs and demands of our customers and their changing requirements. There is much interest in Nairobi and East Africa as a whole on the part of the international retailers. They see the growth of the middle class in Kenya and the high rate of economic growth as indicators for securing a presence in the market.

[continued in link]
 
#25 ·
Construction Review









This is a huge project and i'm surprised that barely anyone has brought picture updates all on its progress. Oh well...​
 
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