NAIROBI, Kenya, Nov 30 – Botswana-based Choppies Supermarket will be the anchor tenant at the Signature Mall on Mombasa road in Mlolongo.
The Sh1.14 billion Mall will be opened in the first quarter of 2018 and targets the fast-growing population of Syokimau, Mlolongo, Athi River and Kitengela.
The mall delivers to the market a Gross lettable area of 259,300 square feet of space that will host over 100 tenants including shops, offices and a hotel.
The hotel facility will be managed by Azure Best Western, a franchisee of Best Western Hotels and Resorts and will occupy the two upper floors of the development entailing 70 fully-furnished rooms and serviced apartments
Azure Best Western, which will open for guests at around May 2018, will target local corporate clients, long stay, airport transient market, layovers, airline crews and leisure travelers.
Choppies management says the location of the mall is ideal because of the high visibility and accessibility by both pedestrians and drivers.
“The supermarket unit is located in a strategic area within the mall near the mall’s main entrance that will maximize the opportunity of capturing more customers due to high visibility and exposure. There is also less competition around the area,” said Choppies.
The mall has been developed by Canon Aluminium Fabricators, funded through a mix of debt and equity.
“Signature Mall will offer an upscale consumer experience to shoppers by bringing local and international brands as well as leisure facilities to their doorsteps. As opposed to being purely retail-oriented, this is a high quality mixed-use development and incorporates small office spaces and a three-star hotel,” said Vishal Pindoria, Managing Director, Canon Aluminium Fabricators.
Pindoria says the mall expects to serve 3,500-4,500 customers daily, with footfall anticipated to rise to at least 6,000 shoppers per day. The mall is targeting an occupancy rate of 60-65 percent by the time it officially opens to the public next year.
The mall will also host a mix of local and international retailers, a diverse food court, a children’s entertainment zone and a health centre.