Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Nakumatt joins South African retail giant Game as the mall's second major store/COURTESY


Garden City mall to house new Nakumatt store

Nakumatt joins South African retail giant Game as the mall's second major store/COURTESY

Nakumatt joins South African retail giant Game as the mall’s second major store/COURTESY

NAIROBI, Kenya, Jan 7 – Private equity firm Actis has welcomed retail chain Nakumatt Holdings to Garden City on Thika Road, after signing initial agreement documents.

Nakumatt joins South African retail giant Game as the mall’s second major store.

Garden City incorporates residential, leisure and office space with a 500,000 square foot shopping mall along Nairobi’s Thika Road.

Leasing agent Knight Frank is working with top local and foreign brands to fill the 120 remaining stores in what will become East Africa’s largest retail centre.

They are focused on bringing new fashion brands to the Kenyan market and discussions are ongoing with a number of South African retail groups.

Speaking during the signing ceremony, Actis Managing Director for East Africa Michael Turner said: “We are delighted to welcome Nakumatt to Garden City: its involvement demonstrates confidence in this development and our vision to establish the premier retail centre in East Africa. It reaffirms Actis’s ability to attract the best brands to its real estate developments, helping to expand Kenya’s retail base.”

Nakumatt Managing Director Atul Shah said the new store fits with the strategy of increasing Nakumatt’s footprint in strategic locations to help boost revenues.

“We are excited about the opportunity to serve our customers once again in this area as we continue to expand our services and promote our brand across the region. We welcome the development of the retail mall within Garden City as this is an area that has been massively underserved by retail services and is now set to benefit from the arrival of many renowned international and local brands,” Shah said.

Garden City will integrate best practice in engineering, construction, landscape architecture, and community facilities.

The project will include over 15 catering units, a cinema, an exhibition hall, an events arena, and a children’s play area within a 3-acre central park. Construction is expected to begin in the second quarter of 2013 and to be completed in time for Christmas 2014.

Advertisement. Scroll to continue reading.

A residential scheme, including 420 apartments and townhouses, will be developed following the launch of the retail centre.

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...