Africa’s tallest building, The Lenardo, has finally opened its doors to the public after months of waiting.
The 234-metre skyscraper is located in Johannesburg municipality’s Sandton City, one of South Africa’s most famed commercial destinations.
The building was developed by South Africa’s largest bank, Nedbank and Legacy Group. The building has been under construction since November 2015 and is estimated to have cost over Ksh. 12.7 billion.
Although the developer still has some finishing to do, the building’s facilities are already listed in the market. Prices range from Ksh. 35,600 to Ksh. 59,800 to spend a night in one of the available rooms.
The building will have about 241 and 180 hotel rooms apartments on completion, including a 3000-square metre penthouse house at the top known as the Leonardo Suite. The three-floor suite has a price tag of Ksh. 1.5 billion.
According to Legacy Hotels & Resorts CEO & Chairman Bart Dorrestein all the offices in The Leonardo are purchased and 90% of the apartments are sold.
“Our owners are scheduled to take occupation on a phased basis commencing March 2020,” he said. One of the owners, Legacy Group, already bought 10 floors in the building for a planned future hotel.
The Leonardo now ranks above the 222-metre Carlton Centre as the third tallest structure in Africa. In 2019, the 265-metre Great Mosque of Algiers became the tallest structure on the continent.
Two of Kenya’s most iconic skyscrapers, the Pinnacle in Nairobi and Palm Exotjca at the Coast, envisioned to take first and second place on the continent’s skies, have since stalled due to regulatory and legal issues.
According to a recent report by skyscraper tracker, CTBUH, the rate of global skyscrapper completions declined in 2019.