Uncertain outlook for mall developers as tenants thin out

Two Rivers Mall on Kiambu Road. FILE PHOTO | NMG

An oversupply of shopping malls in cities and their environs is likely to spell trouble for developers, Britam Asset Managers has said.

Britam’s latest real estate report capturing trends in the first half of the year, says the the glut in malls countrywide is expected to make it harder to get tenants.

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