Tuskys books Naivasha mall space to boost Rift presence
What you need to know:
Tuskys has booked more than 4,200 square metres of space in the first phase of the mall and an extra 2,409 square metres in the second and final phase.
Upon completion, Buffalo Mall will be one of the largest shopping centres in the country comparable to Sarit Centre and Junction Mall which sit on a gross area of 30,000 and 26,000 square metres respectively.
Retail chain Tuskys is set to become the anchor tenant at Naivasha’s biggest shopping mall whose first phase will be completed in November.
Kenya’s second-largest retailer has booked space at the Buffalo Mall Naivasha, a 22,000 square metre facility being built by British investors Lloyd Capital Partners and the wealthy Lord Delamere family.
Tuskys has booked more than 4,200 square metres of space in the first phase of the mall and an extra 2,409 square metres in the second and final phase.
Tuskys, which has about 52 branches, is targeting shoppers who travel to Naivasha on weekends and those travelling to further towns in the Rift Valley and Western Kenya.
“We are very pleased to announce that Tuskys will be strengthening its presence within the Rift Valley through its lease of a modern large format premises at Buffalo Mall Naivasha,” said Stephen Mukuha, Tuskys’ managing director.
“Tuskys views the Rift Valley as a very important consumer base and we are keen to raise the game of the provision of retail in the area.”
Upon completion, Buffalo Mall will be one of the largest shopping centres in the country comparable to Sarit Centre and Junction Mall which sit on a gross area of 30,000 and 26,000 square metres respectively.
The mall which is adjacent to the Nairobi-Nakuru highway is 75 per cent owned by Lloyd Capital Partners while Lord Delamere’s family owns the remainder.
Tuskys reported sales of Sh25.2 billion last year, making it the second-largest retailer based on sales behind Nakumatt.
Other than setting up new outlets across the country, Tuskys has been keen on buying out its rival Ukwala’s business to consolidate its market share ahead of the competition. Kenya’s retail industry is currently experiencing substantial activity with several shopping malls — including those of international firms —being opened in major towns with Nairobi leading the way.
The malls have food courts, cinema halls and luxury clothing lines that target well-heeled shoppers, which is acting as bait for the top supermarket chains.
PAYE Tax Calculator
Note: The results are not exact but very close to the actual.
