NAIROBI, Kenya, Nov 22 – The Waterfront Mall in Karen has signed South African retailer, Game Stores, as its anchor tenant replacing Nakumatt which was to be the anchor tenant.
The Waterfront Karen, which will open its doors to the public in January 2018, will host the second Game supermarket after the retailer opened its first store at Garden City Mall on Thika road.
Waterfront Development Manager Freda Rutere says the Game’s expansion in the Kenyan market signals renewed confidence in the retail sector.
“The Waterfront Karen offers over 200,000 square feet of retail galleries and restaurants, centred around 50 acres of trails and parkland, outdoor amenities and lakeside activities which will keep the entire family entertained and allow you to reconnect with nature within minutes of your doorstep. The Waterfront promises to be the go-to lifestyle and wellness destination in East Africa, offering an unforgettable experience to everyone, every time,” she said.
The mall boasts of several key offerings that include a 3.5 acre manmade lake, 5 acres of landscaped lakefront and water features as well as a safe, dedicated track for running, walking and cycling.
The sector has faced challenges that has seen two major supermarkets, namely Uchumi and Nakumatt significantly scale down operations and close some branches due to corporate governance and management issues.
The government gave players in the retail sector a chance to come up with self-regulation rules as part of the measures to protect the now vulnerable sector.
In a meeting with industry players in September, Industrialization Cabinet Secretary Adan Mohammed, however, says the government will be forced to intervene and regulate the sector to prevent further losses if stakeholders fail to self-regulate.