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Mall Owners Rush to Get Out of the Mall Business
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Angelica _ann
#91 Posted : Monday, November 26, 2018 1:06:01 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,937
littledove wrote:
https://www.businessdailyafrica.com/markets/marketnews/Increase-in-supply-now-dampens-house-prices/3815534-4868938-f8yo79z/index.html
property market boom is slowly fading


That report is not conclusive to me smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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hardwood
#92 Posted : Monday, November 26, 2018 1:36:33 PM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
kayhara wrote:
How are these malls doing? been a while since I visited most
-Spurs (not sure) the one at ruiru
-Ridgeways
-The new kiambu town mall
-Nakumatt embakassi
-Nakumatt parklands
-Was ukay building completely flattened?
-is it called green span the one in donholm been there only once.
-who took over the nakumatt space at village market?


Very sad state of affairs for ridgeways. Why doesn't owner just get a local supermarket as anchor tenant? They have been waiting for shoprite forever while the place decays.
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Ericsson
#93 Posted : Monday, November 26, 2018 1:39:34 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
hardwood wrote:
kayhara wrote:
How are these malls doing? been a while since I visited most
-Spurs (not sure) the one at ruiru
-Ridgeways
-The new kiambu town mall
-Nakumatt embakassi
-Nakumatt parklands
-Was ukay building completely flattened?
-is it called green span the one in donholm been there only once.
-who took over the nakumatt space at village market?


Very sad state of affairs for ridgeways. Why doesn't owner just get a local supermarket as anchor tenant? They have been waiting for shoprite forever while the place decays.


Tuskys is taking up the space
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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hardwood
#94 Posted : Tuesday, December 04, 2018 1:14:38 PM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Yet another mall....

https://www.businessdail...76204-sj1fgz/index.html

Quote:
The family of late billionaire poultry farmer Nelson Muguku has opened the upmarket Sh3 billion Karen Waterfront shopping complex with South Africa’s retail giant, Game, as the anchor tenant.

David Muguku in an interview yesterday said the 200,000 square feet property occupying 13 acres of land will host the publicly listed SA retailer on the ground floor as well as chemists, fashion stores, a tyre centre, a grocery store, an art gallery with several spaces reserved for commercial banks and wellness centres.

Retail shops, restaurants, a book store and salons will sit on the upper floor with the next two phases on part of the 50 acre land reserved for development of high-end residential apartments, offices and a hotel.
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KulaRaha
#95 Posted : Tuesday, December 04, 2018 1:32:05 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
hardwood wrote:
Yet another mall....

https://www.businessdail...76204-sj1fgz/index.html

Quote:
The family of late billionaire poultry farmer Nelson Muguku has opened the upmarket Sh3 billion Karen Waterfront shopping complex with South Africa’s retail giant, Game, as the anchor tenant.

David Muguku in an interview yesterday said the 200,000 square feet property occupying 13 acres of land will host the publicly listed SA retailer on the ground floor as well as chemists, fashion stores, a tyre centre, a grocery store, an art gallery with several spaces reserved for commercial banks and wellness centres.

Retail shops, restaurants, a book store and salons will sit on the upper floor with the next two phases on part of the 50 acre land reserved for development of high-end residential apartments, offices and a hotel.


Apparently its now a status symbol among the rich. If you dont have a mall you are nobody.
Business opportunities are like buses,there's always another one coming
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