Mugukus eye Sh20bn from Karen mall sale

The Waterfront Mall in Karen. PHOTO | DIANA NGILA | NMG

The family of the late businessman Nelson Muguku is selling The Waterfront Mall in Karen, asking for Sh20 billion that will see the buyer acquire the shopping complex together with the 50 acres it is sitting on.

It is one of the largest asking prices in a single property transaction to be made public and signals the family’s move to exit their huge real estate bet.

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