Sheria Savings and Credit Cooperative Society (Sacco) is seeking regulatory approval to build a twin tower in Upper Hill, Nairobi, as it seeks to boost returns for its members.
The Sacco, whose members are mainly pooled from the Judiciary, expects to obtain the approvals from the Sacco Regulatory Authority to allow works to begin by end of next month.
The project that will be located at Matumbato Close in Upper Hill is estimated to cost Sh2 billion (US$17 million). It will involve construction of commercial residentials, shopping centers, and offices on a one-acre parcel of land where Sheria Sacco offices are located.
This has been the case due the high demand for offices among local companies and multinationals seeking space outside the city center.
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