A new multiple-award winning residential tower branded Capital M in Nairobi’s Westlands suburb has won an Africa and Middle East award.
The property development picked from a hotly contested list of 200 other developments in Africa and Arabia region was adjudged a winner in two categories and went on to pick the Five Star award for its Marketing strategy developed by the Zana Group.
As the Region Nominee for best in the Africa & Arabia Region, Capital M is now automatically entered in to the overall International Awards, culminating in a glittering awards ceremony, held at the Savoy Hotel, London on the 4th December.
The Africa & Arabia Awards are part of the International Property Awards that include the regions of Asia-Pacific, Europe, the Americas and the UK. The awards celebrate the very best projects and professionals in the industry. An International Property Award is a world-renowned mark of excellence
At the recent awards ceremony, Capital M took home
- Award Winner in the category High Rise Development Kenya – Fedha Group
- Award Winner in the category High Rise Architecture Kenya – Beglin Woods Architects and
- Five-Star Award in the category Best Development Marketing Kenya along with a Regional Nomination for Best in Africa (Zana Group).
While supply in the prime residential market has been growing rapidly, high-end buyers have proven increasingly more discerning and only willing to pay a premium for best-in-class properties based heavily on location and quality. Capital M’s campaign was driven by a focus on “firsts” and superlatives – highlighting multiple markets leading features of the development to effectively present qualified investors a compelling investment opportunity.
“Capital M has seen strong interest from investors due to the value proposition and multiple channels for rental revenue, including tapping into the Airbnb model” said Hooman Ehsani, Director of Century City Property, who are heading up the sales and marketing for the project. “We have found that buyers are generally more cautious in this market and looking closely at a developer’s reputation to deliver high-quality building. The International Property Awards are testament of a solid and well-planned development which gives buyers confidence with a property acquisition.” Mr. Ehsani further commented that “The 5-star award for Best Development Marketing is very significant as it establishes the project’s prominence in a highly competitive market, and ensures long-term visibility for investors”.
Capital M comprises of ninety-one-bedroom apartments; twenty-two-bedroom apartments and ten three-bedroom penthouses. The site which is located in the heart of Westlands, Nairobi sits on Muthithi Road at the crossroads of where business meets entertainment in the City. The location offers excellent access and is set within the areas landmark business, lifestyle and hotel complexes. The building is under construction with completion due in November 2018.
The development is designed Beglin Woods Architects – the creative force behind Sankara Hotel, Eaton Offices, Hemingways Watamu, AWF headquarters and numerous landmark properties in the region. Commenting on their design for the project they said “Capital M offers a very sophisticated and stylish residential environment with well-planned and generous common facilities including a spectacular leisure suite of lounges, pool, gym, and gardens – all at roof level with panoramic views over the Nairobi skyline.” Additional amenities offered within the complex include a ground floor modern cafe; business center with conference facilities; indoor squash court; high speed elevator; three floor underground parking and storage facilities.
The interiors are designed by SOURCE ID of South Africa – largely considered the foremost interior design collective on the African continent – whose work at DUSIT D2 in Nairobi has already proved a formula for success. The fixtures and fittings are top of the line and the finishes include premium quality ceramics, hardwood and granite topped kitchens. The apartments are large and flexible in area. Each has an entrance lobby with cloakroom, bedroom and lounge opening into each other in a dramatic combination. The fourteenth floor three bedroom duplex penthouses offer a dramatic life-work experience.
The consulting team – made up of some of the most established names in the sector – includes Sutherland Engineers, YMR and MML. The high quality design and development makes Capital M a strong investment opportunity with probable high rental; strong capital growth and high return on investment expected. The location is considered ideal by corporate and business tenants with many major offices, malls, lounges and hotels nearby.
The development – through its commitment to incorporate sustainability features into its design – has been registered for LEED certification and is on course to become the first residential building in East Africa to achieve LEED Gold Certification. The LEED program is the preeminent program for design, construction, maintenance and operations of high-performance green buildings. The sustainability features include optimum exposure to natural daylighting; optimization of natural ventilation; a roof garden to insulate from heat gain and keep the building cool; rainwater harvesting for all irrigation and cleaning purposes; high efficient flush/flow fixture for all washrooms, kitchens and bathrooms; Solar PV system supplying clean energy to all parts of building and power to heat pumps for hot water domestic supply; water usage minimization to also help in rejuvenating Nairobi’s already stressed groundwater table.
The developers behind Capital M are Fedha Group who have over fifty years of development and financing experience in the real estate sector. Dhruv Pandit – CEO – when commenting on the project said “Capital M gives people who want to work and play in Westlands a chance to live there too – with style, class and all the amenities they deserve.” Fedha Group has completed market leading projects such as Fedha Plaza and Executive Residency by Best Western, Nairobi.