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Panari Center

Sector: Residential • Location: Kenya

Source: International Finance Corporation (IFC)

Project
Completed

Panari Centre Limited (Panari or the company) is a Kenyan SPV incorporated in 2002 to build and operate a $17.8 million greenfield multipurpose complex (the Panari Complex) including a 137 room sponsor-managed hotel, a shopping center, a conference center, an ice-skating rink, two movie theatres and additional facilities. The company successfully started-up operations in 2005 reaching sustainable

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The project “Panari Center” is an infrastructure initiative in the Residential sector, located in Kenya. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Phone

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Email

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Address

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Description

Description

Panari Centre Limited (Panari or the company) is a Kenyan SPV incorporated in 2002 to build and operate a $17.8 million greenfield multipurpose complex (the Panari Complex) including a 137 room sponsor-managed hotel, a shopping center, a conference center, an ice-skating rink, two movie theatres and additional facilities. The company successfully started-up operations in 2005 reaching sustainable hotel average room rates as well as hotel and shopping center occupancies.The proposed $8.0 million project entails: - the up to $7.5 million refinancing of existing debt; and - the $0.5 million investment to upgrade certain technical installations of the Panari Complex in accordance with IFC’s environmental guidelines.

Original sub-sector

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Original Currency

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Original budget

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Procurement method

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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