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NSSF seeks tenant for Hazina after Nakumatt eviction

The closed Nakumatt Lifestyle branch after National Social Security Fund shut down the store at Hazina Towers in Nairobi over rent arrears. photo | salaton njau | nmg
The closed Nakumatt Lifestyle branch after National Social Security Fund shut down the store at Hazina Towers in Nairobi over rent arrears. photo | salaton njau | nmg  

The National Social Security Fund (NSSF) is now letting space at the controversial multibillion-shilling Hazina Trade Centre weeks after troubled Nakumatt Holdings was thrown out of the premises.

NSSF said in a notice that 40,000 square feet of space will be available for leasing to a retail operator at Nairobi’s premium location with access to four-level underground basement parking bays for 480 motor vehicles.

“Hazina Trade Centre is now letting ready for occupation come December 31, 2018. We have space for pharmacies, boutiques, optical, photo studio, jewelry, restaurants, food courts, coffee shops, banks and ATMs as well as four floors of basement parking,” the notice said.

The announcement comes four months after the main anchor tenant, Nakumatt Lifestyle was forced out, its groceries and other assets seized to facilitate recovery of Sh73 million owed to NSSF in rent arrears since July 2017.

The notice by real estate management firm, Tysons Ltd said the building initially planned to rise 39 floors will stop at 15 floors.

Nakumatt stopped the construction of additional floors citing complaints over reduced clientele and building’s stability.

This saw construction equipment owned by China Jiangxi International remain idle for 94 weeks until last year when the suit was thrown out and Nakumatt ejected from the suit property.

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