Africa Inc. June 2021 Issue

Page 49

By Jacky Muinde

1. THE LEONARDO – SOUTH AFRICA

The 55-floor mixed-use property development is located in Sandton, Johannesburg, South Africa and stands at a height of 234 meters (768 ft). It is owned by Legacy Group, a company known for its collection of exclusive and luxury hotels, resorts and lodges. Opened in 2019, the building took more than four years to build at an estimated cost of US$135 million (R2 billion).

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PONTE CITY APARTMENT – SOUTH AFRICA 4. COMMERCIAL BANK OF ETHIOPIA HEADQUARTERS - ETHIOPIA

THE LEONARDO – SOUTH AFRICA 2. PONTE CITY APARTMENT – SOUTH AFRICA

Built in 1975, Ponte City is a 54-floor cylindrical building with a height of 173 meters (567.6 ft), making it the tallest residential skyscraper in Africa. It is Located in Berea, Johannesburg, South Africa, and is owned by the Kempston Group, a diverse, privately owned group with a wide range of service offerings.

3. THE CARLTON CENTER – SOUTH AFRICA

Located in downtown Johannesburg, South Africa, The Carlton Centre is a 50-storey standing at 223 meters (732 ft) making it the tallest office building. Opened in 1973, it is currently owned by transport parastatal Transnet.

WWW.AFRICAINCMAG.COM

The building that will serve as headquarters of the state-owned Commercial Bank of Ethiopia, the country's largest bank is 198 meters (650 ft) making it the tallest building in East Africa. It is located at Yohanis Street, Addis Ababa, Ethiopia and is being constructed by China State Construction Engineering Corporation Ltd (CSCEC) at a cost of US$266.5 million. It is set to be completed by 2021.

5. NAIROBI GLOBAL TRADE CENTRE OFFICE TOWER KENYA

The 47-storey mixed use building by Chinese state-owned aerospace and defence company, Aviation Industry Corporation of China (AVIC International), is located in Westlands, Nairobi, Kenya. The 184 meter (604 ft) and 43- story building is estimated to drain up US$365 million (KSh40 billion) in construction and related costs once completion in 2021. Construction began in 2015 and will comprises of an office tower, community

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THE CARLTON CENTER – SOUTH AFRICA

JUNE 2021

AFRICA INC.

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