COVER STORY
I&M Bank New Headquarters
I
&M Bank is one of the major commercial banks in Kenya offering a variety of financial products to individuals and corporate customers. The bank was founded in 1974 as Investments & Mortgages Limited, as a private company providing personalized financial services to business people in the Nairobi area. The firm converted to a commercial bank in 1996 and has continued to grow through a series of acquisitions and mergers. It offers some of the most competitive products in the banking sector. The bank also operates in Tanzania, Rwanda and Mauritius. This makes it one of the few Kenyan banks that have ventured out into the larger East Africa region and beyond. For a long time, the bank’s headquarters has been I&M Tower on Kenyatta Avenue in Nairobi’s Central Business District. But in recent years, many organizations have been moving out of the city centre as the city becomes increasingly congested and continues to experience unending traffic jam, limited parking and noise pollution. A majority of these organizations prefer to relocate to the suburbs of Upper Hill, Westlands, Parklands and along Mombasa Road. I&M Bank is one the entities that have elected to move the head office out of the CBD.
The new I&M Headquarters is located at the junction of 1st Parklands Avenue and Limuru Road in a serene area devoid of the CBD chaos. Their 8-storey ultra-modern premises was handed over to them by the project team in December 2019 after a three-year construction period. Project Data The building comprises eight floors, roof level and four basements with a total gross area of 33,874.21 m² broken down as follows:
CR | Jan - Feb 2020
• Basement 3: 4139.16 sq. m Basement 3 comprises VRF chiller systems, seven stores, 102 parking spaces, two water tanks, three staircase extensions, ventilation shafts and two lift extensions. • Basement 2: 4072.49 sq. m
• Basement 4: 4128.50 sq. m Basement 4 consists of the following spaces: Mechanical stores and workshop, ventilation
10
shaft, staircase, 100 parking spaces, two water tanks with capacities 127.91 and 141.30 cubic meters respectively, water feature, machine room, water treatment and fire pump room as well as two lifts, three staircases and eight stores.
Basement 2 comprises the following: HVAC spaces, UPS room, DC Generator sets, six stores, 102 parking spaces, mechanical
www.constructionreviewonline.com
