Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Jon Jones wrote:Horton wrote:VituVingiSana wrote:Malls outdo each other to attract clients, shoppers http://www.businessdaily...69020-5smym2/index.html
Will there be a mall "crash"? When? Two Rivers Karen = The Hub &The Waterfront Westlands/Parklands = Sarit Center (3x Expansion), Westgate (2x Expansion), Diamond Plaza (2x Expansion) Ngong Road & environs = Junction, Greenhouse On (46 kms) Thika Road = Garden City, TRM, Juja City, Spur Mall, Uni City and Mountain Mall. There are many malls/areas I have not included including on Uhuru Highway, Langata Rd, Mombasa Road... Malls are overdone similar to hotels where everyone is getting into it. Havent been to garden city of late but hear they are struggling with tenants? Same with greenhouse! In my opinion, they should have done a world class theme park, which would accomodate a relatively smaller shopping/recreational and dining area.....water under the bridge! However, the carlsberg partnership sounds like an interesing preposition for Centum and considering that they hold a very small stake in 2 rivers. Sometimes I wonder. Apart from banks, supermarkets and fast food restaurants, do the other businesses in malls make any cash?? I believe that there is a lot of cash to be made, in other major towns but not Nairobi or Thika. There is huge potential for a big mall in Nakuru, Eldoret, Nyeri etc...basically, any town beyond 100km from Nairobi and with a population of over 500,000 people should have at least one mall. Folks in Nyeri are known to be very frugal. Tales have been told of how men and women in Nyeri despite having mirrions in cash and assets would rather take dubia(dufia) with no accompaniments for breakfast than have sugared tea, bread ,ngwaci or nduma. Nyeri is a peculiar town that goes to sleep at 7PM. It has no supermarket worth mentioning about.People of Nyeri don't spend money and that is the reason why Nyeri never grows Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Fyatu wrote:Jon Jones wrote:Horton wrote:VituVingiSana wrote:Malls outdo each other to attract clients, shoppers http://www.businessdaily...69020-5smym2/index.html
Will there be a mall "crash"? When? Two Rivers Karen = The Hub &The Waterfront Westlands/Parklands = Sarit Center (3x Expansion), Westgate (2x Expansion), Diamond Plaza (2x Expansion) Ngong Road & environs = Junction, Greenhouse On (46 kms) Thika Road = Garden City, TRM, Juja City, Spur Mall, Uni City and Mountain Mall. There are many malls/areas I have not included including on Uhuru Highway, Langata Rd, Mombasa Road... Malls are overdone similar to hotels where everyone is getting into it. Havent been to garden city of late but hear they are struggling with tenants? Same with greenhouse! In my opinion, they should have done a world class theme park, which would accomodate a relatively smaller shopping/recreational and dining area.....water under the bridge! However, the carlsberg partnership sounds like an interesing preposition for Centum and considering that they hold a very small stake in 2 rivers. Sometimes I wonder. Apart from banks, supermarkets and fast food restaurants, do the other businesses in malls make any cash?? I believe that there is a lot of cash to be made, in other major towns but not Nairobi or Thika. There is huge potential for a big mall in Nakuru, Eldoret, Nyeri etc...basically, any town beyond 100km from Nairobi and with a population of over 500,000 people should have at least one mall. Folks in Nyeri are known to be very frugal. Tales have been told of how men and women in Nyeri despite having mirrions in cash and assets would rather take dubia(dufia) with no accompaniments for breakfast than have sugared tea, bread ,ngwaci or nduma. Nyeri is a peculiar town that goes to sleep at 7PM. It has no supermarket worth mentioning about.People of Nyeri don't spend money and that is the reason why Nyeri never grows Question is what's the use of money? What do they do with their money?
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Rank: Member Joined: 9/11/2015 Posts: 245 Location: Thika
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enyands wrote:Fyatu wrote:Jon Jones wrote:Horton wrote:VituVingiSana wrote:Malls outdo each other to attract clients, shoppers http://www.businessdaily...69020-5smym2/index.html
Will there be a mall "crash"? When? Two Rivers Karen = The Hub &The Waterfront Westlands/Parklands = Sarit Center (3x Expansion), Westgate (2x Expansion), Diamond Plaza (2x Expansion) Ngong Road & environs = Junction, Greenhouse On (46 kms) Thika Road = Garden City, TRM, Juja City, Spur Mall, Uni City and Mountain Mall. There are many malls/areas I have not included including on Uhuru Highway, Langata Rd, Mombasa Road... Malls are overdone similar to hotels where everyone is getting into it. Havent been to garden city of late but hear they are struggling with tenants? Same with greenhouse! In my opinion, they should have done a world class theme park, which would accomodate a relatively smaller shopping/recreational and dining area.....water under the bridge! However, the carlsberg partnership sounds like an interesing preposition for Centum and considering that they hold a very small stake in 2 rivers. Sometimes I wonder. Apart from banks, supermarkets and fast food restaurants, do the other businesses in malls make any cash?? I believe that there is a lot of cash to be made, in other major towns but not Nairobi or Thika. There is huge potential for a big mall in Nakuru, Eldoret, Nyeri etc...basically, any town beyond 100km from Nairobi and with a population of over 500,000 people should have at least one mall. Folks in Nyeri are known to be very frugal. Tales have been told of how men and women in Nyeri despite having mirrions in cash and assets would rather take dubia(dufia) with no accompaniments for breakfast than have sugared tea, bread ,ngwaci or nduma. Nyeri is a peculiar town that goes to sleep at 7PM. It has no supermarket worth mentioning about.People of Nyeri don't spend money and that is the reason why Nyeri never grows Question is what's the use of money? What do they do with their money? I hate to say this, but there is some truth in what you say. It is exactly the same as I left it since high school. No major developments, just a huge population increase. Since men have learned to shoot without missing, I have learned to fly without perching
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Rank: Veteran Joined: 4/4/2007 Posts: 1,162
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Realtreaty wrote:Malls make money from weekend/holiday/month end shoppers who shop, recreate and dine there.There are also conference and board rooms for MICE.
When my daughter forced me to take her to Dago corner for Nakumatt (you know girls think dads are rich and will ask for anything on the counter)
Where today Nakumatt lies was my favorite bar to see "Les Wanyika" who played music there and could even listen to music while lying on the grass near the time Kenya Science Teachers College (KSTC)
That Time Ngong road was smooth and never crowded.
So Lets meet at "Two rivers at least twice a Month!  Kweli wewe ni mzee, the club was called Bombax Club. By the time I became old enough to drink, it (the club) had died.
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Fyatu wrote:Jon Jones wrote:Horton wrote:VituVingiSana wrote:Malls outdo each other to attract clients, shoppers http://www.businessdaily...69020-5smym2/index.html
Will there be a mall "crash"? When? Two Rivers Karen = The Hub &The Waterfront Westlands/Parklands = Sarit Center (3x Expansion), Westgate (2x Expansion), Diamond Plaza (2x Expansion) Ngong Road & environs = Junction, Greenhouse On (46 kms) Thika Road = Garden City, TRM, Juja City, Spur Mall, Uni City and Mountain Mall. There are many malls/areas I have not included including on Uhuru Highway, Langata Rd, Mombasa Road... Malls are overdone similar to hotels where everyone is getting into it. Havent been to garden city of late but hear they are struggling with tenants? Same with greenhouse! In my opinion, they should have done a world class theme park, which would accomodate a relatively smaller shopping/recreational and dining area.....water under the bridge! However, the carlsberg partnership sounds like an interesing preposition for Centum and considering that they hold a very small stake in 2 rivers. Sometimes I wonder. Apart from banks, supermarkets and fast food restaurants, do the other businesses in malls make any cash?? I believe that there is a lot of cash to be made, in other major towns but not Nairobi or Thika. There is huge potential for a big mall in Nakuru, Eldoret, Nyeri etc...basically, any town beyond 100km from Nairobi and with a population of over 500,000 people should have at least one mall. Folks in Nyeri are known to be very frugal. Tales have been told of how men and women in Nyeri despite having mirrions in cash and assets would rather take dubia(dufia) with no accompaniments for breakfast than have sugared tea, bread ,ngwaci or nduma. Nyeri is a peculiar town that goes to sleep at 7PM. It has no supermarket worth mentioning about.People of Nyeri don't spend money and that is the reason why Nyeri never grows Perhaps they invest elsewhere and leave Nyeri to remain a small-ish idyllic town. Many towns in the US (& Europe) are like that. The wealthy residents don't want huge structures, traffic and noise. They want peace & quiet. The wealth buys them tranquility. I was lucky to have visited the area of Omaha where Warren Buffett lives. It looks no fancier than a 100 other suburbs of various US cities. Even Omaha hasn't grown as fast as his wealth. Many of his Omaha(n) neighbors also invested in Berkshire Hathaway and are very wealthy. Let Nyeri folks be. They are probably helping Kenya grow by re-investing instead of some who show off conspicuous consumption but have zero wealth. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 8/16/2011 Posts: 2,386
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Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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Hopefully this trend continues until GoK divests. Why should the GoK be invested in a commercially driven asset manager? The GoK needs to divest from all mature businesses and invest the proceeds into an public infrastructure fund. The GoK holdings in listed and unlisted companies is enough to build out roads, water and sewer access which will be the platform for renewed growth. Investment philosophy development in progress...
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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alotoftalk wrote:Hopefully this trend continues until GoK divests. Why should the GoK be invested in a commercially driven asset manager? The GoK needs to divest from all mature businesses and invest the proceeds into an public infrastructure fund. The GoK holdings in listed and unlisted companies is enough to build out roads, water and sewer access which will be the platform for renewed growth.  I agree, but don't hold your breath.
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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researchfirst wrote:alotoftalk wrote:Hopefully this trend continues until GoK divests. Why should the GoK be invested in a commercially driven asset manager? The GoK needs to divest from all mature businesses and invest the proceeds into an public infrastructure fund. The GoK holdings in listed and unlisted companies is enough to build out roads, water and sewer access which will be the platform for renewed growth. I agree, but don't hold your breath. Govt has no business in investing for profits ,they should focus on service delivery or invest in core companies that hold as the backbone of the economy for the sake of public interest eg KPLC ,kengen , Kenya re but the rest they should cease to hold shares kapsa
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Rank: Elder Joined: 8/16/2011 Posts: 2,386
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