Garden City Mall ground breaking opens more investment opportunities in Kenya real estate
The ground breaking of the
largest shopping complex, Garden City Mall, in a month`s time will indeed bring
a new dawn in the opening of more investment opportunities in Kenya real estate. The Mall, which is
located along Thika Superhighway, includes
3.4 acres of serviced land for sale, 50,000 square meters retail space to let
and 421 residential units for sale.
The project has already received
regulatory approval from the city council of Nairobi and the National
Environmental Management Authrority (Nema). According to a statement from the
major financier of the project, Actis East Africa, about 40% of the shop space
in the Mall has been booked in pre-let agreements.
The managing director of the
company also confirmed that all the necessary equipments required for the
project are on-site and the ground breaking will start towards the end of this
month. The construction of the Mall, which is scheduled for completion and
official opening on November 2014, is expected to habor up to 120 international
and local retail brands, providing a promising investment opportunity for
people who want to buy property in
Kenya.
Actis East Africa`s managing
director, Michael Turner, also said that the Mall will be divided into separate operating spaces
that will be sold separately but each will hold interest in the central
management entity in the development.
Investing in Kenya has indeed
shown potential for real estate property
investors, and there is no doubt that the plan by Nairobi Securities Exchange
(NSE) for Real Estate Investment Trust (REILs) listing will attract a large
number of investors in projects that require a lot of money-like the Garden
City Mall. And that means solving major financial problems of funding such mega
projects.
For more information on the 70%
space leased out bey Garden City, click here.
The very heart of your writing shilst sounding agreeable at first, did not settle very well with me personally after some time. Someplace within the paragraphs you were able to make me a believer but just for a while. I nevertheless have a problem with your leaps in assumptions and one would do well to fill in those breaks. In the event you actually can accomplish that, I will definitely end up being fascinated.
ReplyDelete