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Old June 9th, 2011, 01:59 PM   #1
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Hazina Trade Centre | CBD | 180m | 38 fl | Stalled

A Sh6 billion tender awarded to Cementers Ltd by the National Social Security Fund (NSSF) has been declared void.

Cementers Ltd had won the tender to build a 36-storey building at Nakumatt Lifestyle in Nairobi, but the tender was annulled by the Public Procurement Administrative Review Board (PPARB).

Consequently, the board directed the pension manager to re-tender the construction work after the tendering process and the manner in which the evaluation was carried was found to have been flawed.

Cementers had won the tender to construct the building at the heart of the city but two construction firms who lost the bid, China Jiangxi International Kenya Ltd and China Wu Yi (K) Ltd, challenged the decision of the NSSF tender committee.

China Jiangxi through lawyer Mohammed Nyaoga sought for a review of the tender documents submitted by Cementers to confirm that the company qualified to be awarded the lucrative tender.

Third lowest

NSSF had in February 1, 2011 advertised the tender for the completion of Hazina Trade Centre Tower, the building currently housing Nakumatt Lifestyle. 10 construction firms submitted their bids.

Upon evaluation, the tender committee declared that Cementers had won the bid to construct the trade centre-earmarked to be the tallest architecture piece in East and Central Africa. Cementers bid of Sh6 billion was the third lowest among the 10 firms.

The tender committee said the China Jiangxi bid was nullified because the company did not submit the current registration certificate for its sub-contractor, Raerex E.A. Ltd which was to undertake the air conditioning of the building.

But the review board noted that there was no reason for disqualifying Chain Jiangxi at the preliminary stage of the tender evaluation as it had confirmed the sub-contractor’s registration verbally with the Ministry of Public Works.

“In the circumstances, the board finds the manner the evaluation was done was flawed and the applicant was wrongfully disqualified from tender process,” said the ruling delivered by the PPARB on May 17.

China Jiangxi had bid Sh6.2 bn while China Wu Yi had the lowest Sh5.9 billion.
http://www.businessdailyafrica.com/C...g/-/index.html
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Old June 9th, 2011, 02:00 PM   #2
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the earlier the NSSf put their houde in order the better for the project to take off
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Old June 9th, 2011, 03:18 PM   #3
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Consequently, the board directed the pension manager to re-tender the construction work after the tendering process and the manner in which the evaluation was carried was found to have been flawed.

No need to lose hope DB.
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Old June 12th, 2011, 02:03 PM   #4
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Upon evaluation, the tender committee declared that Cementers had won the bid to construct the trade centre-earmarked to be the tallest architecture piece in East and Central Africa. Cementers bid of Sh6 billion was the third lowest among the 10 firms.

I thought the Times Tower 38 storey was already the tallest tower in EA?
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Old June 12th, 2011, 02:51 PM   #5
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Originally Posted by tanzan View Post
Upon evaluation, the tender committee declared that Cementers had won the bid to construct the trade centre-earmarked to be the tallest architecture piece in East and Central Africa. Cementers bid of Sh6 billion was the third lowest among the 10 firms.

I thought the Times Tower 38 storey was already the tallest tower in EA?
Maybe it was going to taller in meters but not in floors.
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Old June 12th, 2011, 08:03 PM   #6
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Maybe it was going to taller in meters but not in floors.

I guess it is 36 floors on top of what is already there which would make it 40 floors?

They are kinda smart, they build the existing structure first then looked for money to complete their project!!
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Old June 13th, 2011, 11:22 AM   #7
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OK...tender cancellations suck! It takes ages again to get it right...anyways hopefully it will work out next time.
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Old June 24th, 2011, 02:10 PM   #8
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NSSF stirs market with office block plan

The National Social Security Fund (NSSF) has strengthened its hand in the property market with plans to build a 38-storey office block in the city centre as it seeks to reap from the real estate boom.

The provident fund will construct an additional 34 floors on the four-storey Hazina Trade Centre, currently housing retail chain store Nakumatt Lifestyle.




The project is expected to cost Sh2 billion and once complete, the building will match Times Tower as the tallest buildings in East and Central Africa.

High returns from the property market are egging the fund to invest billions of shillings in construction of residential houses and office blocks to boost returns it pays to retiring workers.

Real estate is outperforming other asset classes such as equities and fixed securities prompting investors and corporates to revise their investment plans to include property.

“The additional 34 floors will ensure optimal use of the available vertical space. This plan approves the development of the trade centre which is suitable for the site being in the central business district of Nairobi,” said the fund in an environmental impact assessment plan sent to the National Environmental Management Authority. The planned office block is not only expected to change the skyline of the Central Business District, but will mark the first major construction project within the city centre as investors seek other construction zones due to lack of land.

Besides the mega-office block, the provident fund is scouting for investors to help develop middle-class homes in a 960-acre piece of land in Mavoko and high-end houses in 3.5 acres as its opts for joint ventures for its real-estate plans.

The fund has decided to turn to joint venture due to the huge financial requirements for the projects and need to remain within regulated investments threshold set by the Retirement Benefits Authority (RBA) of 30 per cent of its total assets.

The fund in June had assets worth Sh104.2 billion with property accounting for 31.7 per cent or Sh33 billion.

CFC Stanbic says that property prices have risen 3.5 times over the past decade compared to share prices appreciation of 2.42 times over the same period and NSSF is betting on the property market to help it deliver an annual return of at least five per cent to those saving for retirement.

In the past five years, the fund has relied heavily on the Nairobi Stock Exchange (NSE) and government securities for returns.

The sharp rise in the price of homes and rental income is being driven by the region’s rapid urbanisation, population growth and expansion of the middle class. Short supply for office blocks and shopping malls because of huge capital required and expensive land that has kept developers out of this segment of the market.

Demand outstrips supply

“Demand for commercial retail space far outstrips the supply, and that is the reason shopping malls are attracting the highest rental yields,” said Maina Mwangi, a director at Frank Knight— a commercial property agency.
http://www.businessdailyafrica.com/C...q/-/index.html
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Old June 24th, 2011, 02:11 PM   #9
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correction, once completed it will be 38 floors and not 36 floors
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Old June 25th, 2011, 05:05 AM   #10
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NAKUMATT LIFESTYLE
Where additional floors shall be laid.

image hosted on flickr

Flickr: Beiyangu
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Old June 25th, 2011, 03:47 PM   #11
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How will they provide adequate parking facilities for the proposed expansion? The four floors of basement parking are already being fully utilised!
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Old June 25th, 2011, 03:53 PM   #12
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Originally Posted by chui View Post

How will they provide adequate parking facilities for the proposed expansion? The four floors of basement parking are already being fully utilised!
Someone needs to build a major parking silo in the CBD.
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Old June 25th, 2011, 07:47 PM   #13
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How will they provide adequate parking facilities for the proposed expansion? The four floors of basement parking are already being fully utilised!

Yes,its not a well thought out plan.Such a tall building need to be free standing like others of its height otherwise it'll look hideous.It can't have windows on all sides since one day the Comfort hotel or other white building next door might also build higher inhibiting natural light.They need to put such a tall building on enough space like their empty lot infront of Nyayo hse.

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Old July 25th, 2012, 12:47 AM   #14
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This might be old news but it still looks like the NSSF want to build this tower.

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Construction of what will be another tall building in Nairobi rivaling the Times Tower is set kick off before year-end once a pending court case is resolved. The National Social Security (NSSF) which will develop the 36-storey building at Hazina Trade Centre hopes the court will resolve the dispute next month to give it the go-ahead. The Times Tower, which houses the Kenya Revenue Authority (KRA), is the tallest building in East Africa at 140 metres high. “We are waiting for the High Court to determine the case on June 7,” acting managing trustee Tom Odongo told the Star on Monday.

“We are expecting two outcomes: the court could allow the NSSF to use Cementers or it could nullify the tender, in which case we will re-tender within a week and the winner will be known within 30 days,” he said.

Odongo said whatever the court's decision will be, the pension fund is sure to embark on construction works before year-end in bid to optimally utilise vertical space on the plot in the city centre. An additional 31 floors will be built atop the existing structure that houses Nakumatt Lifestyle on Monrovia Street, to make a total of 36 floors
http://www.the-star.co.ke/business/p...n-office-block

Last edited by Adm.Adama; July 25th, 2012 at 12:55 AM.
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Old July 25th, 2012, 01:07 AM   #15
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That's good news considering the fact that the CBD has not seen another significant new tower rising for a very long time now.

It may shape up the skyline of Nairobi which is presently dominated by some few recognizable towers.
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Old July 25th, 2012, 07:15 AM   #16
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Originally Posted by Adm.Adama View Post
This might be old news but it still looks like the NSSF want to build this tower.

So what happened on June 7, the day of the case to resolve the stalemate?
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Old July 25th, 2012, 07:49 AM   #17
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So what happened on June 7, the day of the case to resolve the stalemate?
I have no idea but i did read somewhere else that they plan to start construction in the end of the year but i can't seem to find the site i read it from.

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This project was originally designed as a 36-story building, including 4 underground basements, ground floor, two mezzenine floors and a podium. The remaining 29 floors were to be in twin towers that did not get built by the year 2000.

The project has now (2011) been revived, except that the tower is now going to have 8 additional floors, so with a total of 37 floors above the exisiting Podium as built.

http://www.behance.net/Arshad_Khan/frame/1451669
Original Building look

Last edited by Adm.Adama; July 25th, 2012 at 08:06 AM.
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Old July 25th, 2012, 08:27 AM   #18
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Originally Posted by Adm.Adama View Post
I have no idea but i did read somewhere else that they plan to start construction in the end of the year but i can't seem to find the site i read it from.



Original Building look

You must have read it here http://www.the-star.co.ke/business/p...n-office-block but this was written in May 2012. June is gone and now heading into August, there must be some news on it by now. I hope positive news. Is there no information from NSSF, someone?
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Old July 25th, 2012, 10:45 AM   #19
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Just imagine how the tower will look from Westi together with UoN Tower. The should start construction soon
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Old November 5th, 2012, 10:29 AM   #20
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This was the said render sometime back ( sorry fot the small image)

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