Garden City Business Park is now at 93% occupancy following the CCI Group of companies leased office space at the business park.
British private equity investor Actis, the developer of the Garden City Residences, Mall, and Business Park is set to bank $ 2 million from rent annually once fully occupied.
The two tenants, CCI Group of companies, a leading Business Process Outsourcing (BPO) provider, and nutrition supplements distributer Max International represents the largest combined commercial lease transactions in Nairobi’s office market space during the pandemic.
CCI and Max International combined are occupying 60% of Garden City Business Park’s almost 200,000 square feet of lettable space.
“As we return to normalcy, we are seeing this demand continue to grow. Mixed-use developments such as Garden City will influence Nairobi’s future skyline,” said Ciru Okobi, Commercial Director Garden City.
The Garden City Business Park is IFC Edge certified, a green building certification system for emerging markets created by the International Finance Corporation offering significant savings in water electricity to the tenants.
Another tenant at the business park is the East African Breweries Plc (EABL) having taken up its space in November 2019.