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Nairobi Metro Region Projects and construction in the Nairobi Metropolitan Region


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Old January 10th, 2013, 02:09 PM   #41
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Garden City - residential properties:















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Old January 10th, 2013, 02:11 PM   #42
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SE9 shouldn't this project be changed to approved its no longer a proposed project. And construction will be starting soon anyway...

This will be a very prime area to live in all those flats must be already sold out...
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Old January 10th, 2013, 02:13 PM   #43
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We were thinking the same thing at the same time
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Old January 10th, 2013, 07:07 PM   #44
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Old January 10th, 2013, 07:31 PM   #45
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Here's the official website: http://www.gardencity-nairobi.com/
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Old January 10th, 2013, 07:51 PM   #46
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I hope Garden City teaches the people at Thika Road Mall how to actually design a nice mall.
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Old January 13th, 2013, 05:41 PM   #47
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This looks absolutely stunning.
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Old January 13th, 2013, 06:05 PM   #48
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Quote:
Originally Posted by SE9
I hope Garden City teaches the people at Thika Road Mall how to actually design a nice mall.
Lol,very true.
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Old January 13th, 2013, 11:54 PM   #49
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Great project.
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Old January 14th, 2013, 11:18 AM   #50
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New shopping mall expected to create over 1,000 jobs
Standard Digital
10 January 2013
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A planned shopping mall along Thika Road is expected to create in excess of 1,000 jobs when it opens for business later next year.

The Garden City Shopping Mall, which is the first phase of the planned urban development Garden City, is slated to start in the second quarter of the year and is set for completion towards end of 2014.

Tenants that will take up space at the mall upon completion are expected to offer 1,300 jobs to skilled and unskilled personnel.

In the construction phase expected to start in April, and go on until end of next year, the development will create 500 temporary jobs for casuals and professionals on the construction site.

Actis and Mentor Management East Africa will put the development whose subsequent phases will include residential houses and more commercial space. The entire project has been projected to cost Sh13 billion, and take about five years to complete.

“We estimate the number of full time equivalent jobs that will be created at the centre will be at a ratio of one job per square metre. This would lead to 1,300 full time jobs in phase one alone,” said James Hodell, Chief Executive, Mentor Management East Africa.

Among the anchor tenants for the shopping mall is local retail supermarket chain Nakumatt and South Africa firm Game Stores, also a retailer of general merchandise. Hodell said more tenants are being sought.

The firms that will operate at the mall will recruit on their own. Close to 200 outlets will be opened at the mall, which will be a mix of retailers of general merchandise, clothing, furniture and eateries.

“We have received signed letters of intent from over 50 tenants, from all sectors. We have a particular focus on catering, furniture, and fashion.”

The development is being financed by Actis while Mentor Management – in which Actis owns a controlling stake – will oversee the construction.

Leasing agent Knight Frank is working with top local and foreign brands to fill up the available stores. A statement by Actis this week said discussions are ongoing with a number of South African retail groups.

Construction is expected to begin in the second quarter of this year and to be completed in time for Christmas season of 2014.

A residential scheme, including 420 apartments and townhouses, will be developed following the launch of the retail centre. It will also have a four-acre central park.

Garden City will be built on a 32-acre piece of land in Ruaraka formerly owned by East African Breweries. It is about 400m off Thika Road.

The land is mid-way between the CBD and the Northern/Eastern bypass – about ten minutes drive from the CBD and just four minutes drive from Muthaiga.
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Old January 23rd, 2013, 12:24 PM   #51
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SA’s fashion chains Foschini and Edgars to open in Nairobi
Business Daily
22 January 2013


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South Africa luxury fashion houses will next year open shop in Kenya, offering consumers more choices and raising competition in the segment now dominated by Deacons.

Actis, a private equity fund, has said that Edgars and Foschini are some of the retailers that have booked space in its Sh12.6 billion real estate development on the Nairobi’s Thika Superhighway that is billed as Kenya’s biggest mall at 50,000 square metres.

“The continued growth of the middle class provides opportunities for consumer goods and services providers and fashion giants like Edgars and Foschini have booked space with others,” said Michael Turner, regional managing director of Actis.

“This makes East Africa one of the most attractive destinations for investors in real estate and consumer goods to build retail space and establish their presence,” Mr Turner said in an interview with the Business Daily.

South Africa retail giant Massmart has also confirmed booking at Garden City in what intensifies competition in a market dominated by locals Tuskys, Nakumatt, Uchumi and Naivas.

Foschini has 200 stores spread across Southern Africa dealing in jewellery, footware, handbags and clothing. Its revenues in 2011 stood at Sh145 billion.

Edgars has more than 100 outlets across South Africa, Botswana, Namibia, Swaziland, Lesotho and Namibia. It offers luxury clothing, footwear, textiles and accessories. Its sales hit about Sh110 billion in 2011.

Both firms are looking to spread reach outside Southern Africa with Kenya acting as their launch pad for eastern Africa.

Kenya has witnessed multi-billion shilling shopping malls spring up as real estate investors and retailers seek to tap into a growing middle class with growing disposable incomes and a limited choice of leisure activities.

The malls have food courts, cinemas and luxury clothing.

The new entrants will offer South Africa a piece of Kenya’s retail market, a presence that diminished after the exit of retail chain Metro Cash and Carry in 2005.

Franchise agreements

Companies from South Africa have found it difficult to crack the Kenyan market, prompting the exit of big brands like cinema company Nu Metro, fast foods giant Nandos, household goods outlet Supreme Furnitures and magazines publisher Media24, a subsidiary of the Johannesburg Stock Exchange (JSE)-listed Naspers.

However, South Africa’s Truworths, Woolworths and Mr Price have been successful, thanks to a franchise agreement with local retailer Deacons, which will now face new competition for control of Kenya’s market.

But Woolworths has spanned off from Deacons to form a joint venture dubbed Woolworth’s Kenya Proprietary Limited, which will be owned 51 per cent by the South Africans and 49 per cent by Deacons Kenya.

Woolworths is dropping joint ventures to launch direct operations outside South Africa.
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Old January 23rd, 2013, 06:56 PM   #52
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Quote:
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SA’s fashion chains Foschini and Edgars to open in Nairobi
Business Daily
22 January 2013



I wonder how these south african brands will fare in the kenyan market when so many others have failed.
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Old January 23rd, 2013, 08:12 PM   #53
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Quote:
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I wonder how these south african brands will fare in the kenyan market when so many others have failed.
They never learn.Is deacons still operating?
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Old January 24th, 2013, 12:52 AM   #54
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Quote:
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They never learn.Is deacons still operating?
Deacons is a Kenyan company isn't it?
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Old January 24th, 2013, 08:44 AM   #55
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I wonder how these south african brands will fare in the kenyan market when so many others have failed.
Maybe they've learnt their lesson and won't be importing strategy but rather take time to learn the market dynamics before coming up with a winning formula. Then again most South Africans have an attitude and look down on the rest of Africa and with that they will most probably take another whooping
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Old January 24th, 2013, 08:47 AM   #56
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Hi - This development looks amazing! Does anyone have details of the professionals involved like the Architect, Quantity Surveyor, Engineers etc? I would like to get in touch with the Architect.
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Old January 24th, 2013, 01:50 PM   #57
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I'm not sure who the architect is, you may need to contact Actis for that info.
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Old January 24th, 2013, 05:16 PM   #58
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I guess time will tell...its possible they did their homework this time
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Old January 24th, 2013, 05:46 PM   #59
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I'm not sure who the architect is, you may need to contact Actis for that info.
They are required by law to post details of architect, QS, permit #, sponsor, supervisor, etc. Just in case it takes too long to get before they start construction.
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Old January 25th, 2013, 12:04 AM   #60
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Well I know that the "development managers" are Mentor Management: http://mentor-ea.com/
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