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Merali firm woos multinationals as tenants

NEWS
By Lee Mwiti | August 19th 2016

Sameer Investments expects to rent out its Rivaan Centre office complex following pledges by Israel and India prime ministers in their recent visits to Kenya.

The company said many multinational companies were looking for office space following the leaders' appeals to businesses in their countries to increase investments in Kenya. Sameer said Riva Centre in Nairobi's Westlands offers high quality office accommodation designed to International standards.

Prime Minister Benjamin Netanyahu urged Israeli entrepreneurs to invest heavily in Kenya. India Prime Minister Norendra Modi said India would further remove the imbalance in trade between his country and Kenya and he would enhance the level of investment.

"The influx of multinational corporations following the prime ministers' appeal for increased investment will create demand for high quality office space that match the standards that international employees are used to in their home countries," Sameer said in a statement.

The project's architect James Gachoka said Rivaan Centre's design and support services make it an ideal workspace for multinational and regional businesses as well as small and medium enterprises. "To ensure business continuity for tenants we have an automatic generator and borehole water supply," he said.

Sameer said it has started negotiations with embassies and companies interested in letting offices in the building. Rivaan Centre, which was completed recently, is part of a wider plan by Sameer Investments to venture into real estate. The seven-floor office complex is in line with Sameer Investment's diversification plan, the firm said.

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