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real gooner
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Mukesh Ambani to Develop Five Star Kenyan Hotel
Friday, September 26th, 2008
Posted by OP-Mall in Kenyan Property

All signs point toward Kenya, especially Nairobi as reports of a new hotel owned by the world’s 5th richest man, Mukesh Ambani circumnavigate the Internet. Mukesh Ambani has apparently bought some land in Nairobi’s central business district (CBD) and is planning to build a brand new 21-storey five star hotel.
The development is supposed to play a key role in helping to rebuild the confidence in the city’s hospitality sector. Kenya experienced some nasty devastation at the beginning of this year after post election violence rocked the country.


Early this year in April reports surfaced about Delta Resources, Mr. Ambani’s new company in alliance with an Arabian real estate firm to develop a five star hotel in Nairobi’s CBD called Delta hotel.

Mr Ambani is said to be willing to move large amounts of cash into the Kenyan hospitality scene to help revive the market. Kenya’s hotel market is growing with a fair few new luxury hotels on the horizon.

Ambani’s involvement with the new planned Delta hotel is to set him back by some US$7.5m. The hotel will be located on a 0.2 hectare plot of land currently used as a 200-car parking space in Loita Street (between the Grand Regency and Barclays Plaza if you are familiar with Kenya).

Reports talk of a new entertainment complex and health club as being part of the new development. There is also a planned shopping mall, four levels of parking, rental office space, and ample lifts and elevators. There will be a massive 21,000 SQ. M of space to let. This is expected to add competitive pressure in the luxury hospitality market which is currently dominated by big players like the Holiday Inn, Intercontinental, the Nairobi Hilton, the Norfolk, Nairobi Serena, Safari Park, Panari, the Stanley and Grand Regency.

The project’s work is currently waiting approval from the National Environment Management Authority (NEMA), who are obliged to conduct an environmental impact assessment before building can begin.

One problem that has already been identified is that the project will exacerbate the scarcity of car parking space in Nairobi’s CBD because it would instantaneously take up 200 existing car parking spaces.

Last year, before Kenya went into election, the tourism sector was seeing some considerable growth that had been climbing for three years straight.

A booming business and conference tourism was mainly responsible for the growth which ended up stretching the hotel room availability to maximum capacity. This was one of the reasons why Ambani set his eyes on Nairobi.

His plans to construct a new luxury hotel right in the CBD would certainly help this shortfall of available rooms.

Once completed, Delta hotel would stand at 120 metres, making it the second tallest building in Kenya along with the Teleposta Towers. Construction is expected to be completed in 2010.(Not True)


Also

All signs point toward Kenya, especially Nairobi as reports of a new hotel owned by the world’s 5th richest man, Mukesh Ambani circumnavigate the Internet. Mukesh Ambani has apparently bought some land in Nairobi’s central business district (CBD) and is planning to build a brand new 21-storey five star hotel.

The development is supposed to play a key role in helping to rebuild the confidence in the city’s hospitality sector. Kenya experienced some nasty devastation at the beginning of this year after post election violence rocked the country.
 

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美国: Rep KE
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CBD | Delta Hotel | 21 fl | Under Construction


PROJECT NAME & LOCATION :-23 Storey Delta Hotel (Loita Street)
CLIENT :-Nairobi Delta Corp E.A. Ltd
PROJECT VALUE Kshs :-1,600,000,000
STATUS :-Currently at Tender Stage


Infor: www.tmscgroup.com

I hope the shortcomings don't derail the project at the centre of Nairobi CBD.
 

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Why are there so many Delta Buildings Proposals in Nairobi?

I've seen 3 threads with buildings supposed to be built in the city with that name. One was a Twin Tower complex, another was a building that looked similar to the one in this thread and the other is this thread.
 

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Mukesh Ambani to Develop Five Star Kenyan Hotel

Friday, September 26th, 2008
Posted by OP-Mall in Kenyan Property


From this article I would say the project is very ambitiuos 2 Office towers and a Hotel.

All signs point toward Kenya, especially Nairobi as reports of a new hotel owned by the world’s 5th richest man, Mukesh Ambani circumnavigate the Internet. Mukesh Ambani has apparently bought some land in Nairobi’s central business district (CBD) and is planning to build a brand new 21-storey five star hotel.The development is supposed to play a key role in helping to rebuild the confidence in the city’s hospitality sector. Kenya experienced some nasty devastation at the beginning of this year after post election violence rocked the country.


Early this year in April reports surfaced about Delta Resources, Mr. Ambani’s new company in alliance with an Arabian real estate firm to develop a five star hotel in Nairobi’s CBD called Delta hotel.

Mr Ambani is said to be willing to move large amounts of cash into the Kenyan hospitality scene to help revive the market. Kenya’s hotel market is growing with a fair few new luxury hotels on the horizon.

Ambani’s involvement with the new planned Delta hotel is to set him back by some US$7.5m. The hotel will be located on a 0.2 hectare plot of land currently used as a 200-car parking space in Loita Street (between the Grand Regency and Barclays Plaza if you are familiar with Kenya).

Reports talk of a new entertainment complex and health club as being part of the new development. There is also a planned shopping mall, four levels of parking, rental office space, and ample lifts and elevators. There will be a massive 21,000 SQ. M of space to let. This is expected to add competitive pressure in the luxury hospitality market which is currently dominated by big players like the Holiday Inn, Intercontinental, the Nairobi Hilton, the Norfolk, Nairobi Serena, Safari Park, Panari, the Stanley and Grand Regency.

The project’s work is currently waiting approval from the National Environment Management Authority (NEMA), who are obliged to conduct an environmental impact assessment before building can begin.

One problem that has already been identified is that the project will exacerbate the scarcity of car parking space in Nairobi’s CBD because it would instantaneously take up 200 existing car parking spaces.

Last year, before Kenya went into election, the tourism sector was seeing some considerable growth that had been climbing for three years straight.

A booming business and conference tourism was mainly responsible for the growth which ended up stretching the hotel room availability to maximum capacity. This was one of the reasons why Ambani set his eyes on Nairobi.

His plans to construct a new luxury hotel right in the CBD would certainly help this shortfall of available rooms.

Once completed, Delta hotel would stand at 120 metres, making it the second tallest building in Kenya along with the Teleposta Towers. Construction is expected to be completed in 2010.(Not True)

Also

All signs point toward Kenya, especially Nairobi as reports of a new hotel owned by the world’s 5th richest man, Mukesh Ambani circumnavigate the Internet. Mukesh Ambani has apparently bought some land in Nairobi’s central business district (CBD) and is planning to build a brand new 21-storey five star hotel.

The development is supposed to play a key role in helping to rebuild the confidence in the city’s hospitality sector. Kenya experienced some nasty devastation at the beginning of this year after post election violence rocked the country.
 

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real gooner
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Discussion Starter · #8 ·
Why are there so many Delta Buildings Proposals in Nairobi?

I've seen 3 threads with buildings supposed to be built in the city with that name. One was a Twin Tower complex, another was a building that looked similar to the one in this thread and the other is this thread.
they are different projects two in westland parts for office complexes and one in CBD for the hotel:cheers:
 

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I dont like the renders at all...Theres no creativity.:eek:hno: The only saving grace is the use of blue glass which will go well considering all the neighbouring towers next to it also have blue glass or have a blue colour eg. Barclays plaza, Loita house. It will only stand out maybe in terms of height.
 

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I am seeing about 4 major hotels coming up in Nairobi in the next few months if not years that are currently under construction, this should be good news for our recovering tourism and the general hospitality industry.
 

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I dont like the renders at all...Theres no creativity.:eek:hno: The only saving grace is the use of blue glass which will go well considering all the neighbouring towers next to it also have blue glass or have a blue colour eg. Barclays plaza, Loita house. It will only stand out maybe in terms of height.
yeah i agree with you. it seems like in nairobi no one wants to come up with a mordern glassy building its all concrete and few glass. :bash: you would think for a city like nairobi you would have atleast three shiny glassy mordern design buildings like I&M tower. i do like the other delta buildings in westland. im not a fan of this one atleast not yet
 

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thank you im not the only one who dislikes this building hopefully nairobi will build enough skyscrapers around it so no one can see it.
 

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thank you im not the only one who dislikes this building hopefully nairobi will build enough skyscrapers around it so no one can see it.
There are already some around the site but this one will be difficult to hide among 15-16 storey buildings. Though I am beginning to think that these are not the final renders for the tower. The other Deltas have their renders posted on their construction sites while this one doesn't.
 

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This ones not proposed. they have started digging the foundations.

Site pic: The fenced area to the left.

 

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real gooner
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Discussion Starter · #18 ·
NSSF board repossesses Sh860m prime plot in out-of-court deal

National Social Security Fund (NSSF) has repossessed a Kenyatta Avenue plot it tried to sell after a legal tussle was settled out of court.
NSSF Board of Trustees Chairman Adan Mohamed said a deal to cancel the sale and repossess the plot was struck with the prospective buyer.
The deal had turned sour after the buyer, Delta Resources Ltd, refused to pay up for the undeveloped plot on grounds that it was smaller than what had been stated in the sale agreement.
An aerial view of the plot opposite Laico Regency currently used as car parking. [PHOTO: EVANS HABIL/STANDARD]
Mr Mohamed said: "We have repossessed the NSSF plot since there was no exercise of due diligence in transfer of the plot. We now have the title deed after a decree was taken to the Ministry of Lands to reverse the transfer in favour of NSSF."

In an exclusive interview with The Standard, the chairman said the matter has been settled.
Agreed price
Labour Minister John Munyes lauded the move saying he looks forward for a better and cohesive NSSF.
"It is one of the issues my ministry has been working round the clock to settle," Mr Munyes said.
Last year, NSSF’s board was accused of executing the transfer of the 1.4 hectare piece of land on Kenyatta Avenue to Delta Resources before receiving 90 per cent of the agreed price, Sh1.2 billion. But as the sale agreement described the property as 1.9ha, Delta refused to pay the full amount or return a title deed they had secured. Even more interesting is the fact the down-payment came before a sale agreement was signed on January 9, last year.
Munyes dissolved the NSSF board over the transaction.
According to Kenya National Audit Office report, the plot was initially sold at Sh860 million.
"The sale agreement was signed between NSSF and Delta Resources, not Delta Square, which had quoted for the purchase of the property," it says.
However, on March 6, last year, the parcel was transferred to Delta Square, a firm incorporated just three days before the transfer.
Further, the audit report notes, the auditors’ office was unable to confirm that due diligence was carried out on the property "or that the property was sold in the best interest of the Fund".
High Court
It criticises NSSF for failing to provide for possible loss arising from the matter, which landed the parties in court after it emerged the stipulated size of the plot was not the reality on the ground.
"The purchaser wanted the matter solved outside the court. The matter has, thus, been negotiated and settled out of court as the consent has been signed in the High Court," the board chairman said.
The Fund is said to have sold the plot to Delta Square Ltd for Sh1.37 billion. The purchaser paid 10 per cent deposit directly to the Fund on December 17, 2007.
The balance of Sh1.23 billion has since been held in an escrow account at CFC Bank, Museum Hill branch in Nairobi, in the joint names of the Fund and the purchasers’ advocates.
The report noted that Ms Rachel Lumbasyo, the Managing Trustee at the time and Ms Jane Mwangi, the Chairman of the Board of Trustees executed the transfer of the property on March 6, 2008 to Delta Square Ltd.
This is one of the many property-related disputes facing NSSF, which has for years failed to dispose of its massive properties as required by the Retirement Benefits Authority.
It has property estimated at Sh21 billion.
 

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The piece of land article above ^^ is different from the photo kenguy had provided. I suspect because of the legal tussle, the Delta company went ahead and acquired a different piece of property and continued with their development.
 
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