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how much would a building like times tower cost
micasa
#1 Posted : Monday, June 27, 2011 7:26:43 PM
Rank: New-farer


Joined: 5/28/2011
Posts: 9
Location: nbi
Hi

Curious to know what a building like times tower costs at current costs of construction and if any one knows how much it was to build back then.

Also if any one knows the maximum height you can build to on waiyaki way?

Sober
#2 Posted : Monday, June 27, 2011 7:41:20 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,596
The original times tower was to be 60 storeyed done in the current uhuru park at a cost of 200 million USD (NOV 1989) but with the environmental kel ele we had to relocate it to the CBD and this explains why its 38 storeyed al amlost a quarter the cost.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
fresher2010
#3 Posted : Tuesday, June 28, 2011 5:10:50 AM
Rank: New-farer


Joined: 10/26/2010
Posts: 34
Location: Nairobi
micasa wrote:
Hi

Curious to know what a building like times tower costs at current costs of construction and if any one knows how much it was to build back then.

Also if any one knows the maximum height you can build to on waiyaki way?



It all depends on how big your plot is. There are ratios which govern the number of floors on a building. The larger the plot, the higher you can go.
Jamaa wa mjengo
TUPAC
#4 Posted : Tuesday, June 28, 2011 8:41:59 AM
Rank: Member


Joined: 12/8/2009
Posts: 274
Location: Ltktk
Sober wrote:
The original times tower was to be 60 storeyed done in the current uhuru park at a cost of 200 million USD (NOV 1989) but with the environmental kel ele we had to relocate it to the CBD and this explains why its 38 storeyed al amlost a quarter the cost.

@sober times tower is 32 storey.
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
bkismat
#5 Posted : Tuesday, June 28, 2011 8:49:59 AM
Rank: Elder


Joined: 10/23/2009
Posts: 2,374
Sober wrote:
The original times tower was to be 60 storeyed done in the current uhuru park at a cost of 200 million USD (NOV 1989) but with the environmental kel ele we had to relocate it to the CBD and this explains why its 38 storeyed al amlost a quarter the cost.

Very interesting. Who financed it GOK?
It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt...
-Mark Twain
micasa
#6 Posted : Tuesday, June 28, 2011 8:53:20 AM
Rank: New-farer


Joined: 5/28/2011
Posts: 9
Location: nbi
thnx. the plot is roughly 2.5 acres
mlennyma
#7 Posted : Tuesday, June 28, 2011 8:56:50 AM
Rank: Elder


Joined: 7/21/2010
Posts: 5,963
Location: nairobi
N.s.s.f is planning to put up a 38 storey building at their nakumatt lifestyle building at a cost of 2b,it should be however noted that the foundation and ground floors which consume much money are done.
"Don't let the fear of losing be greater than the excitement of winning."
dunkang
#8 Posted : Tuesday, June 28, 2011 9:07:35 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,808
Location: -1.2107, 36.8831
the cost of constructing the new MPigs offices next to the existing Continental Building (brothel) is around 2.1B. The building is 27 floors high (including 3No. basements floors). It is to be built at the current car park (next to the brothel) which is 75m by 80m.
Receive with simplicity everything that happens to you.” ― Rashi

dunkang
#9 Posted : Tuesday, June 28, 2011 9:28:39 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,808
Location: -1.2107, 36.8831
To (very) roughly estimate the cost of a building, Multiply the no. of floors by the approximate/average area of each floor. Multiply the product with an estimated 0.2m (usually 0.15-0.2m) for each floor slab thickness. That will give an estimate of the concrete to be used. (Note that most of the concrete is used in slabs and contribute to the high cost). The quantity of Concrete obtained is then multiplied by the rate price (currently around KES21,600.00 for class C25/20 concrete). The multiply the cost by a factor of 1.5 to compensate for steel, placing of concrete, formwork, walls (masonry/glass), columns etc.

Then multiply the product with a factor of 1.2 ( electro-mech works like lifts, lighting etc, Architectural works and Consultancy (U will need a physical planner, quantity Surveyor, Architect (the boss here), Civil and structural engineers and Electrical and Mechnaical Engineers. Nowadays, Landsscape architects are also needed)

EXAMPLE: Suppose we take Times Tower to be 32 floors 75mby 75m, THEN;
(32floors X 75m X 75m x 0.2m X KES21,600 X 1.5)X1.2 = KES1,399,680,000.00 = KES1.4B.

NOTE: THIS IS A VERY ROUGH ESTIMATE BUT CAN BE USED AS A PRE-FEASIBILITY STUDY ESTIMATE!
Receive with simplicity everything that happens to you.” ― Rashi

tassia
#10 Posted : Tuesday, June 28, 2011 10:23:36 AM
Rank: Member


Joined: 4/25/2011
Posts: 368
Location: Nairobi
Sober wrote:
The original times tower was to be 60 storeyed done in the current uhuru park at a cost of 200 million USD (NOV 1989) but with the environmental kel ele we had to relocate it to the CBD and this explains why its 38 storeyed al amlost a quarter the cost.


Ooh my!!!! Where did you get this information? Did you confirm it was from a credible source?

The name "Times" has nothing to do with Kenya Times Media Trust the KANU outfit that was to do the 60 storey complex at Uhuru Park. Times Tower was constructed to house Central Bank's operations but just before completion, many things had changed in the way central bank was to function and they noticed they they would not need to use the building. The name "Times came up after Central Bank Invited Kenyan's to suggest names for the building.
mukiha
#11 Posted : Tuesday, June 28, 2011 10:59:52 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
Sober wrote:
The original times tower was to be 60 storeyed done in the current uhuru park at a cost of 200 million USD (NOV 1989) but with the environmental kel ele we had to relocate it to the CBD and this explains why its 38 storeyed al amlost a quarter the cost.


Not quite.

The building at Uhuru park [freedom corner] was to be KANU HQ + 5-star hotel. I don't think it was related to times towers.

Time Tower was initially planned as the new HQ of Central Bank. If you look at it closely you will notice design similarities.

Then 6 months to completion, CBK announced that they were not interested in a new HQ, they were happy with their current location.

So they invited the public to suggest names for the "building adjacent to CBK". There was even some prize money for it. They insisted that the suggested names should bear no relationship whatsoever to "Central Bank" or the letters "CBK".

They eventually picked on Times Tower and started looking for tenants - I think CBK owns the building.

KRA applied to take the whole building and moved from Community [now, the new Nairobi Law Courts] + NSSF buildings to their new home.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
fantony
#12 Posted : Tuesday, June 28, 2011 12:53:44 PM
Rank: Member


Joined: 11/6/2006
Posts: 276
micasa - dfn. a person with assets (or who knows someone with) who will never get anywhere because he does not know the value of professional advice.

i am in that industry... this is how smart people treat us

the go to company x ask for a development proposal.. company x thinking they are the only ones.. give their proposals and conditions..

they go to company y and z looking for the same..

at the end of the day.. they compare the proposals...

are the proposals complete..
who has the best advice... what is the cost of that advice?

based on that they either negotiate with the person they are most comfortable with...

2.5 acres near any CBD is worth more than 200 M... why would you want to invest that from an armchair..????!!!

if i was presented with a 200 M plot i would approach it differently..

a properly leveraged development should deliver at minimum 1.4 billion worth of a building of which the owner should retain at least half.. worth 700 M... debt free and all cost of construction, related professionals, legal fees, taxes, stamp duty, interest costs paid up..

the rest is how i earn my bread...

@ dunkang... stick to renovations or dam engineering...
dunkang
#13 Posted : Tuesday, June 28, 2011 1:46:07 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,808
Location: -1.2107, 36.8831
fantony wrote:
micasa - dfn. a person with assets (or who knows someone with) who will never get anywhere because he does not know the value of professional advice.

i am in that industry... this is how smart people treat us

..............................................

the rest is how i earn my bread...

@ dunkang... stick to renovations or dam engineering...


Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause Applause

@fantony, that was TOOOOOO HARD ON ME!
Receive with simplicity everything that happens to you.” ― Rashi

GGK
#14 Posted : Tuesday, June 28, 2011 2:40:08 PM
Rank: Member


Joined: 11/21/2006
Posts: 608
Location: Ruiru
fantony wrote:

@ dunkang... stick to renovations or dam engineering...


From Engineering point of view Dunkang has an idea of what he is saying... though very crude and needs a lot of refining to make sense.

Why not just work with a figure of 40k per square meter?
"..I am because we are. "― Ubuntu, Umtu,
2012
#15 Posted : Tuesday, June 28, 2011 3:58:54 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,523
Location: Nairobi
micasa wrote:
Hi

Curious to know what a building like times tower costs at current costs of construction and if any one knows how much it was to build back then.



I think it depends on who's building it. Chinese will charge you a quarter of what Mugoya will charge you and the quality will be 250 times higher.
smile

Stand for something or you will fall for anything. Today's mighty oak is yesterday's nut that held its ground. Rosa Parks
dunkang
#16 Posted : Tuesday, June 28, 2011 4:39:27 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,808
Location: -1.2107, 36.8831
2012 wrote:
micasa wrote:
Hi

Curious to know what a building like times tower costs at current costs of construction and if any one knows how much it was to build back then.



I think it depends on who's building it. Chinese will charge you a quarter of what Mugoya will charge you and the quality will be 250 times higher.
smile


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Receive with simplicity everything that happens to you.” ― Rashi

tony stark
#17 Posted : Tuesday, June 25, 2019 3:22:44 PM
Rank: Veteran


Joined: 7/8/2008
Posts: 851
dunkang wrote:
2012 wrote:
micasa wrote:
Hi

Curious to know what a building like times tower costs at current costs of construction and if any one knows how much it was to build back then.



I think it depends on who's building it. Chinese will charge you a quarter of what Mugoya will charge you and the quality will be 250 times higher.
smile


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


What happened to the plot??
XSK
#18 Posted : Tuesday, June 25, 2019 4:13:19 PM
Rank: Veteran


Joined: 12/8/2009
Posts: 958
Location: Nairobi
tony stark wrote:
dunkang wrote:
2012 wrote:
micasa wrote:
Hi

Curious to know what a building like times tower costs at current costs of construction and if any one knows how much it was to build back then.



I think it depends on who's building it. Chinese will charge you a quarter of what Mugoya will charge you and the quality will be 250 times higher.
smile


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


What happened to the plot??


when wazua was real!
You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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