The Waterfront Karen

[Okiya]

Anchor tenant shoprite ameinua mikono juu.
They're closing that branch. Was the Waterfront a good investment from the Muguku family? Dont forget the same family owns Crossroads mall in Karen.

 

[Mwendawazimu]

Running a mall in Kenya is tricky, given that almost every neighborhood now has a mall or two and our economy isn't growing that fast.most might become stores or rental homes very soon.

 

[Ramiran]

Shoprite exit my by related more to corona or other reasons then waterfronts business viability

 

[Kdawg254]

Just imagine what that money they used could have done if they for example started a meat processing plant.
But sometimes you can’t blame these rich folks because our policies don’t favor manufacturing at least not by locals!

 

[Ramiran]

Running a mall in Kenya is tricky, given that almost every neighborhood now has a mall or two and our economy isn't growing that fast.most might become stores or rental homes very soon.

The was an article in the media juzi about the many new malls having less then 50% occupancy.

 

[Sambamba]

A friend who accesses weekly footfall data of these malls was telling me that most of them have seen upto 80%drop of traffic.
Ni luwere

 

[bigDog]

Shoprite exit my by related more to corona or other reasons then waterfronts business viability

People are literally afraid of their shadows. Look at the stock exchange and show me a counter that has any positive during Corona pandemic. Ni kubaya sana. I dont shop kwa supermarket. I buy from my local wholesaler.

 

[Kdawg254]

Also why has carrefour taken forever to open the new branch at former nakumatt mega (Nyayo stadium)?
The banner for opening soon has been up since late last year.

 

[ranny wa klist]

let me advise you guys. never leave your job for a new south african outfit. Unlike others who will endure a few years of start up losses for the longterm viability, south african fold up the moment they make a loss. ive noted very many south african fold ups in its first or second year.

 

[Okiya]

A friend who accesses weekly footfall data of these malls was telling me that most of them have seen upto 80%drop of traffic.
Ni luwere

Could he do an analysis of the data from 2013 please. Ama kama its alot from 2016 to end 2019.

 

[Okiya]

Shoprite exit my by related more to corona or other reasons then waterfronts business viability

They still have westgate, garden city and one in Mombasa. My guess is kama ni chinese virus they would have exited in all these malls. Waterfront is getting heavy competition from the Hub

 

[Eng'iti]

Just imagine what that money they used could have done if they for example started a meat processing plant.
But sometimes you can’t blame these rich folks because our policies don’t favor manufacturing at least not by locals!

Uweke meat processing plant karen utoboe?

 

[Mwendawazimu]

Uweke meat processing plant karen utoboe?

Ushawai skia karen residents association. Watakupeleka mbio ka bicycle ya wizi.

 

[wrongturn]

Uweke meat processing plant karen utoboe?

not necessarily karen but hata athi river and supply nairobi

 

[Eng'iti]

not necessarily karen but hata athi river and supply nairobi

We talking about utility of the said land

 

[bigDog]

Uweke meat processing plant karen utoboe?

You are putting words into his mouth

 

[Eng'iti]

You are putting words into his mouth

Yes

 

[Cortedivoire]

let me advise you guys. never leave your job for a new south african outfit. Unlike others who will endure a few years of start up losses for the longterm viability, south african fold up the moment they make a loss. ive noted very many south african fold ups in its first or second year.

ShopRite is the largest supermarket in Africa. They are very stable

 

[ranny wa klist]

ShopRite is the largest supermarket in Africa. They are very stable

even stable SA outfit rarely give themselves time in a new market

 

[Kdawg254]

You are putting words into his mouth

That’s why I didn’t bother engage him!