Modern commercial complex Kigali Heights has won the Africa Property of the Year award. The development in Rwanda which provides retail office space won the award in the Best Mixed-Use Development category. The facility is host to some of the big retail brands and banking institutions in Rwanda and beyond.
Kenyan equity firm, Fusion Group, did the construction of the 300,000-m2 mixed use development at a cost of US$40m. .
Judged on criteria including infrastructure, location, transport access among other things, the complex managed to emerge victorious. Moreover, its integration into environment, originality of concept as well as technical and architectural quality were also factors.
Further criteria were: service offered, sensitivity to the local community, innovation, sustainability and corporate staff involvement, response to market demands, financial performance, occupancy and the impact of the project on economic convergence.
Other winners include; Garden City in Nairobi (Best Green Building in Sub-Saharan Africa), Kumasi City Hall in Ghana (Best Retail Development). Also, Accra Financial Centre in Ghana won (Best Commercial High-Rise Development), Strand Hotel in Namibia (Best Hotel Development).
In the Best Housing Development, Karibu Homes in Kenya scooped the award and Rain Torres in Mozambique took home Best Architectural Design.
The Africa Property Investment Awards recognizes innovation and outstanding achievement across the African property industry in seven categories. However, this is the first ever award the organization has done.