Multi-million dollar mall opens in Kenya

Garden city NFrom MARIA MACHARIA in Nairobi, Kenya

NAIROBI, (CAJ News) – ONE of the continent’s largest malls, the $540 million Garden City, has been opened in Nairobi.

It is East Africa’s first integrated residential, retail and office development brought to the market by Actis, the leading emerging market investor responsible for the Junction Mall and Nairobi Business Park, Garden City is a flagship project offering approximately 50 000 square metres of retail space, over 400 high end residential units, some 60 000 square metres of offices space and a central park with a dedicated events stage.

It is also home to the largest solar paneled carport in Africa, situated on the mall’s roof.

At an event attended by more than 400 guests, including the Governor of Nairobi, Dr Evans Kidero, Actis announced the new Garden City Business Park to be developed on an additional 21 acres of land adjacent to the original 32 acre site.

Situated 9km from the Central Business District, the Business Park is the newest addition to the Garden City project bringing the total to 60 000 square metres of modern executive offices with market leading parking ratios.

A four-star business hotel and a hospital are also part of the new plan, with their own secure entrances, green spaces and a pedestrian boulevard linking the Business Park to the Mall and park with all its amenities.

Michael Turner, Head of Actis’ Nairobi office, said their vision for Garden City is to build a new and exciting address that meets the multiple needs of Nairobi residents.

“With the completion of the first phase and the addition of the Garden City Business Park, we are one step closer to this vision. The new office park, targeted at Nairobi’s growing business community, will benefit from the huge range of dining, shopping and leisure activities at Garden City Mall as well as hotel and hospital facilities,” said Turner.

David Morley, Head of Real Estate at Actis, said they selected some of the most dynamic African cities in which to create innovative, international quality retail developments that become destinations. “Garden City is a great example,” said Morley.

– CAJ News

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Posted by on Sep 10 2015. Filed under Africa & World, Construction, Finance, Finance & Banking, Investing, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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