
Reliance Center Commercial Grade A Office Building For Sale in WestlandsA Landmark Income-Generating Building for Sale in Westlands
Indicative Value
Ksh 950,000,000
KSh Ksh 950,000,000
USD $7,313,120.37 USD
GBP £5,407,153.00
Net Yield
9%
Institutional Grade Asset
Investment Returns Analysis
Executive Summary
A Landmark Office Investment Anchored by Strong Income and Quality Occupiers Reliance Center represents a rare opportunity to acquire a strategically located income producing commercial asset within Westlands, Nairobi’s most established and sought after business district. Positioned at the prominent intersection of Woodvale Grove and Ring Road Westlands, the property has established itself as a recognizable commercial landmark, attracting a diverse mix of blue-chip occupiers across the banking, telecommunications, insurance, healthcare, technology and hospitality sectors. The asset enjoys exceptional accessibility, strong visibility and sustained occupier demand, attributes that have consistently supported high occupancy levels and income stability FOR SALE RELIANCE CENTER Investment Highlights • Prime location within Westlands, Nairobi’s premier commercial hub. • Institutional-quality office and retail asset developed on approximately 0.381 acres. • Gross built-up area of approximately 82,401 sq ft. (Net lettable area 37,387 sq.ft). The development has one basement level car parking with a total of 38 car parking bays. • Strong occupancy of approximately 98%. • Diversified tenant mix comprising leading local and multinational businesses. • Secure annual rental income of approximately KShs 85 Million. • Additional income streams from telecommunications infrastructure, parking and advertising rights. • Modern infrastructure, reliable utilities and robust building services. • Attractive gross initial yield of approximately 9%. • Significant long-term income growth potential through contractual rental escalations About Location Westlands has evolved into Nairobi’s leading commercial district and the preferred business address for multinational corporations, financial institutions, professional service firms and high-growth enterprises. Reliance Center occupies a highly strategic position along Woodvale Grove with direct frontage onto Ring Road Westlands, providing immediate connectivity to Waiyaki Way, the Nairobi Expressway, Nairobi CBD, Upper Hill, Gigiri and Jomo Kenyatta International Airport. The surrounding area comprises a vibrant mix of Grade A offices, hotels, restaurants, retail destinations, healthcare facilities and upscale residential developments, creating a dynamic environment that continues to attract investment and occupier demand. The Asset Reliance Center is a modern mixed-use commercial development comprising retail, banking, office and telecommunications accommodation arranged over five upper floors and a basement parking level. The property has been designed to provide flexible and efficient commercial space suited to a broad range of occupiers while maintaining excellent operational efficiency. The development currently accommodates an impressive roster of tenants spanning multiple sectors, creating a well diversified and resilient income profile. Its combination of location, functionality and tenant quality has established the property as one of the most sought-after commercial investments within Westlands. MUTHITHI ROAD PARKLANDS ROAD WOODVALE GROOVE Jacarada Hotel NAIROBI EXPRESSWAY Sarit Center Sankara Hotel The Mall RING ROAD RELIANCE CENTER WESTLANDS BUSINESS DISTRICT Tenant Covenant Strength Reliance Center benefits from a strong and diversified occupier base, significantly enhancing income security and reducing concentration risk. Key occupiers include: » Co-operative Bank of Kenya PLC » Safaricom PLC » Madison Life Assurance Kenya Limited » American Tower Corporation (ATC) » Simbisa Brands Kenya Limited » TechSavanna Company Limited » Patmed Healthcare Limited The presence of these established organisations demonstrates the quality and attractiveness of the asset while providing investors with a stable and predictable income stream. Building Fire & Infrastructure Reliance Center is supported by robust and well-maintained infrastructure designed to ensure operational reliability and occupier comfort. The property benefits from: • Standby power generation through a 220 KVA SDMO generator. • Two Mitsubishi passenger lifts serving the development. • Dedicated water and fire pumping systems. • A private 280-metre borehole enhancing water security. • Extensive on-site water storage infrastructure. • High-speed fibre optic connectivity. • Professionally managed common areas and building services. Collectively, these systems support uninterrupted business operations and enhance the overall occupier experience. Life Safety The development incorporates a comprehensive range of fire protection and life safety measures aimed at safeguarding occupiers and supporting business continuity. Features include: • Basement sprinkler protection system. • Dedicated fire pumps. • Hose reels throughout the building. • Wet riser installations at key locations. • Foam, dry powder and CO2 extinguishers. • Dedicated fire escape routes. • Suspended maintenance platform for façade access and building maintenance. These installations contribute to the efficient and safe operation of the property while supporting long-term asset preservation. Management The property is professionally managed by an experienced in-house management team responsible for the day-to-day operation, maintenance and administration of the asset. All recoverable operating costs are charged through the service charge mechanism, thereby preserving the income-generating capacity of the investment. Professional management practices have played a key role in maintaining the property’s excellent condition, high tenant retention and strong occupancy levels.
Key Investment Attributes
Visual Documentation
Exclusive Mandate
Direct representation by Murivest
Total Area
82,401
This memorandum is confidential and provided for qualified investors only. All figures are indicative and subject to final due diligence.