Connect with us

Hi, what are you looking for?


Greenspan Mall, Naivas Supermarket Sign Lease Agreement

NAIROBI, Kenya, May 18 – The Greenspan Mall, Donholm, a fully owned subsidiary of ILAM Fahari I-REIT, and Naivas Supermarket have announced the signing of a lease agreement that will see the Kenyan homegrown retail chain set up a flagship outlet at the Mall as the anchor tenant.

According to the retailer, the store will occupy 57,000 square feet at the mall’s ground floor, offering shoppers the Food market shopping experience, which focuses on delivering everyday fresh produce that guarantees value for money.

Designed in partnership with a leading international retail design firm, the store will be a hypermarket, offering extensive fresh produce and FMCG products.

Importantly, an extensive range of electronics and general merchandise will also be on offer.

Speaking about this new development, Naivas Chief Commercial Officer, Willy Kimani said, “we are delighted at the prospect of opening a food market in Greenspan Mall, as it offers us an exciting opportunity to provide Eastlands shoppers the Naivas Foodmarket experience. We have not had this store format in the greater area, which has been a long-standing request by our shoppers; we are finally able to fulfill this with the new development.”

He added: “This is not just a story about the expansion of the retailer but a mark of resilience of the retailer in the prevailing business environment and reminder of the commitment of the organization to fill the gaps in underserved communities when it comes to Supermarkets. As a business whose DNA is Kenyan, we bear a responsibility to society and with each store opening, we do our small bit in fulfilling this through purchases from suppliers, offering direct and indirect employment, which ultimately uplifts the communities we set up shop in.”

Commenting on the development, The REIT Chief Executive Officer, Einstein Kihanda, said the move fits within the mall’s strategic objective to enhance variety for the shoppers.

He stated, “We are excited to welcome Naivas Supermarket on board as a partner whom we believe fits
perfectly within our growth and expansion strategy. The partnership has been motivated by the need to
continually offer shoppers at the mall a wide variety of brands, which confirms our sustained commitment to continue offering Greenspan Mall’s patrons a lasting experience all under one stable.”
We look forward to collaborating with our newest partner, existing tenants and the recently appointed

Property Manager, Messrs. Knight Frank Kenya Limited, on significant marketing and promotions investment to drive footfall to the mall and attract new tenants.

Advertisement. Scroll to continue reading.

The store is scheduled to open later in the year.

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


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, 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...