The family of late billionaire poultry farmer Nelson Muguku has opened the upmarket Sh3 billion Karen Waterfront shopping complex with South Africa’s retail giant, Game, as the anchor tenant.
David Muguku in an interview yesterday said the 200,000 square feet property occupying 13 acres of land will host the publicly listed SA retailer on the ground floor as well as chemists, fashion stores, a tyre centre, a grocery store, an art gallery with several spaces reserved for commercial banks and wellness centres.
Retail shops, restaurants, a book store and salons will sit on the upper floor with the next two phases on part of the 50 acre land reserved for development of high-end residential apartments, offices and a hotel.
“We had 500 workers during construction and are happy that with 110 internationally branded stores and restaurants, more Kenyans have been employed to offer various services. We are still in talks with more international brands and will be making major announcements soon,” he said.
The live-work-shop project was built by Chinese contractor, CJRE East Africa, which is a subsidiary of the China Railway Group Company.
Located in the Karen Triangle (between Karen Road, Karen Lane and Lang’ata Road), it is one of Kenya’s largest real estate developments boasting of water features, walking/cycle paths as well as greenery and open spaces around the property.
“We have incorporated a wastewater treatment plant to help as conserve as well as utilise internally sourced water. Solar energy has also been tapped to ease our power bills as well as ensure we are a green building,” he said.