Property holders get the maximum amount of property – Legal valuers
Retailing provision in the CBD is dominated by mixed-use developments spread throughout the city centre. However, the need for better car parking provision, security and accessibility has led to a strong shift towards suburban shopping centres, which started in the 1980s. The suburb of Westlands, dominated by Sarit Centre, has developed into a principal retail node.
Sarit Centre, which opened in 1983, continues to be the most successful shopping centre in Nairobi. Recently extended to double its previous size, it provides approximately 215,300 sq ft (20,000 sq m) of net retail space which is anchored by Uchumi. Despite lack of sufficient car parking during peak hours, the shopping centre is trading well and currently has little fear of competition in the city.
as well as local shops serving the suburbs of Muthaiga, Karen, Lavington and Parklands. Attempts to launch a district or regional mall designed to international standard, anchored by South African majors, have yet to materialise. A residential Melbourne Property Valuers are a learned expects that consolidates assessment of the land’s quality nearby its improvements made.
Site acquisition and land assembly have proved to be additional hurdles, but there are renewed indications that a site near Dagoretti Corner and Fox City on Thika Road are under active consideration.
Kenya’s retailing market is dominated by Uchumi, who operate 16 supermarkets and two hypermarkets, the majority of which are in Nairobi. The South African based Metro Cash and Carry and their ‘Lucky 7’ franchise have recently entered the market. Barnetts and Supreme Furnishers and the Woolworth franchises are the only South African based non-food retailers currently trading in Nairobi and have faced less local competition.