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  • FINAL AMECEA Financials (Financing Structure) - 12 - 05 - 2016

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    Dee Legends
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    This document summarizes a proposed mixed use development project with a total cost of Kshs 2,348,243,001 to be completed over 24 months. The project will be financed through owner's equity of Kshs 492,433,633, ICDC equity of Kshs 500,000,000, proposed debt of Kshs 750,000,000, rent deposits of Kshs 35,676,000, and contractor retention of 10% of construction costs totaling Kshs 110,133,367.58. The majority of funds will go towards the construction cost estimate of Kshs 1,468,444,901 and associated professional and financing fees.

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    FINAL AMECEA Financials(Financing Structure) - 12_05_2016

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    This document summarizes a proposed mixed use development project with a total cost of Kshs 2,348,243,001 to be completed over 24 months. The project will be financed through owner's equity of Kshs 492,433,633, ICDC equity of Kshs 500,000,000, proposed debt of Kshs 750,000,000, rent deposits of Kshs 35,676,000, and contractor retention of 10% of construction costs totaling Kshs 110,133,367.58. The majority of funds will go towards the construction cost estimate of Kshs 1,468,444,901 and associated professional and financing fees.

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    © All Rights Reserved
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    5 views1 page

    FINAL AMECEA Financials (Financing Structure) - 12 - 05 - 2016

    Uploaded by

    Dee Legends
    This document summarizes a proposed mixed use development project with a total cost of Kshs 2,348,243,001 to be completed over 24 months. The project will be financed through owner's equity of Kshs 492,433,633, ICDC equity of Kshs 500,000,000, proposed debt of Kshs 750,000,000, rent deposits of Kshs 35,676,000, and contractor retention of 10% of construction costs totaling Kshs 110,133,367.58. The majority of funds will go towards the construction cost estimate of Kshs 1,468,444,901 and associated professional and financing fees.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    12-May-16

    AMECEA MIXED USE DEVELOPMENT

    Total
    Project Period 24 months
    PROJECT COST Kshs
    Construction Cost per QS Estimate 1,468,444,901.00
    Professional Fees (10% inclusive of VAT) 170,339,608.52
    Legal Fees 4,231,846.00
    Marketing Costs + Marketing fees 8,286,523.00
    Project fees 27,377,122.00
    Finance Costs (Interest on ABC Loan) 98,938,000.00
    Finance Costs (Interest on ICDC) 109,500,000.00
    Appraisal Fees(0.25%) 1,125,000.00
    Project Cost 1,888,243,001
    Add: Land Cost 460,000,000.00

    Grand Total 2,348,243,001

    FINANCED BY
    Kshs
    Owners Equity 492,433,633.00
    ICDC Equity 500,000,000.00
    Proposed Debt 750,000,000.00
    Rent Deposits 35,676,000.00
    Contractor (Retention) - 10% 110,133,367.58
    Total Finance 1,888,243,000.58
    Add: Land Cost 460,000,000.00

    Grand Total 2,348,243,001

    NOTES
    a) Professional fees are at 10% of construction cost.
    b) Legal fees are provided for.
    c) Owner's equity is required for approvals and professional fees.
    d) Proposed debt will be used to finance construction.
    e) The conractor will provide retention of 10% of construction costs.

    Prepared by: Pinnacle Projects Limited

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