Project News

GTC Residences Adds Glamour to Nairobi Property Market

GTC Residences has set a new standard for high-end living in Nairobi.

Updated on

April 14, 2023

GTC Tower Nairobi — The GTC Complex in Westlands, Nairobi. PHOTO | COURTESY

The opening of GTC Residences in Westlands, Nairobi, has added glamour to the city property market while setting a new standard for high-end living in Kenya.

The residences, which are ready for occupation, have sparked excitement among wealthy homebuyers – signaling a bright future for Kenya’s prime real estate.

The homes are part of the Nairobi Global Trade Centre complex, which opened doors to the public on Dec. 23, 2021.

They feature 514 luxury apartment units across four residential towers – the tallest in East Africa, which boast breathtaking views of the capital city.

The units range from 82 sq. m to 332 sq. m.

GTC Residences Nairobi boasts a 9,600 sq. m rooftop garden featuring swimming pools, a jogging loop, a playground, and leisure gathering lawns, among other amenities.

It also features a 3,181 sq. m Sky private club, providing facilities such as a gym, spa, hair & nail salon, café, mini-cinema, among others.

The Sh52 billion Nairobi GTC Complex, whose construction began in July 2015, is owned by Chinese firm Avic, which is setting up its Africa hub in the compound.

Through Avic International Real Estate Kenya, the firm built what it calls a one-of-a-kind project in East Africa at the intersection of Waiyaki Way and Chiromo Lane in Westlands – bordering Villa Rosa Kempinski and Mirage Towers.

Six imposing towers

The 7.5-acre GTC Nairobi comprises six imposing towers: a 47-level 3A Plus Office Tower, a 35-level hotel tower hosting the star-studded US chain JW Marriott hotel, and four residential apartment towers of 24 to 28 levels.

“We are proud to become the hallmark of commerce for what is such a strategic core market on the continent,” said the GM of Nairobi GTC Gong Yuxian.

“What we offer is a blueprint for conscious, modern living within an urban setting. Ours will be the home to headquarters of some of the world’s leading companies.”

According to Yuxian, more than 60% of the apartments have been sold – with foreign homebuyers and Kenyans in the diaspora being most keen to purchase.

Wealthy foreigners are a significant group of buyers of high-end homes in Kenya, which helps to raise and sustain property prices.

High-end homes are defined as those priced above Sh65 million.

Such homes recorded an average 3.8% price gain in 2022, according to a Knight Frank report that ranked Kenya as one of the global top property investment hotspots after France, Spain, Italy, and the UK.