Nairobi’s Mombasa road is attracting high profile investments due to the growing number of middle-class Kenyans building homes in the South East of Nairobi.
Investment firm Britam is the latest to join the list of investors on the busy road. The firm is set to start construction of a shopping mall, having already acquired the land.
Nairobi is seeing a rise in the number of shopping malls, with at least 7 under construction or recently opened.
Thika Road Mall and Mountain Mall have both been recently opened along Thika superhighway. They have Nakumatt and Naivas as their anchor tenants respectively.
Still on Thika road, the 12 billion Garden City mall is currently under construction. This will be East Africa’s largest mall with 50,000 square metres of space.
This is larger than Sarit Centre with 30,000 and Junction with 26,000 metres.
Additional reporting by Business Daily© nairobiwire.com
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