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Warning of retail space oversupply as developers make bee line for Nairobi

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A section of the Two Rivers mall in Nairobi. In the US, where online shopping has grown exponentially, retail analysts predict that one-third of shopping malls will shut down in coming years as foot traffic drops. PHOTO | SALATON NJAU

A section of the Two Rivers mall in Nairobi. In the US, where online shopping has grown exponentially, retail analysts predict that one-third of shopping malls will shut down in coming years as foot traffic drops. PHOTO | SALATON NJAU 

By Queen Munguti

Posted  Sunday, January 8   2017 at  13:43

In Summary

  • City is the leading destination in Sub-Saharan Africa for investors setting up shopping centres, says study.

“Among the new projects for Nairobi’s new malls there is a clear trend towards mixed-use, rather than pure retail, development as office, residential and leisure facilities have been incorporated into the schemes,” said the Knight Frank report.

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