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Rwenzori Towers

Sector: Commercial • Location: Uganda

Source: International Finance Corporation (IFC)

Project
Completed

This project includes construction and operation of a commercial (retail and office) building in Kampala’s Central Business District (CBD) to be named ‘Rwenzori Towers’ by Pine Investments Ltd., an established property development company in Uganda. Pine Investments is owned by three local businessmen, Mr. Charles Lubega, Mr. William Byaruhanga and Mr. Henry Lubega. Pine Investments will constr

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The project “Rwenzori Towers” is an infrastructure initiative in the Commercial sector, located in Uganda. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Description

Description

This project includes construction and operation of a commercial (retail and office) building in Kampala’s Central Business District (CBD) to be named ‘Rwenzori Towers’ by Pine Investments Ltd., an established property development company in Uganda. Pine Investments is owned by three local businessmen, Mr. Charles Lubega, Mr. William Byaruhanga and Mr. Henry Lubega. Pine Investments will construct the building including the parking area, public access areas i.e. the lobby, and washrooms, while tenants will undertake their own finishings. The building will be a twin six storey structure with retail space on the ground floor and, above this floor, offices. Below the ground floor will be three levels of parking. The project is effectively an expansion to the two adjacent commercial buildings i.e. Rwenzori Courts and Rwenzori House, which are owned by Mr. Charles Lubega and Pine Investments respectively, so as to create an integrated commercial centre. The developable area is 0.75ha. Once constructed, the development will be managed by Knight Frank, an international property services company that currently manages the other two commercial properties adjacent to the development. Thus Knight Frank will be responsible for leasing the property and managing tenants and the property itself and will employ the individuals undertaking these tasks.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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