Ksh.25bn set aside for second phase of Two Rivers Mall
After a successful commissioning of Two Rivers mall in Nairobi, Kenya recently, the developers of the largest mall in Africa outside of South Africa have embarked on the second phase to crown the mixed-use development.
Two Rivers’ phase two comprises a five-star hotel backed by a total of 108 apartments. According to the developer, Two Rivers Lifestyle Company Ltd, construction of the second phase will commence before mid this year and will be ready for occupation by 2018. The apartments are estimated to cost sh.3.8bn and will be a combo of post-modern and current trends of living as phase two of the sh.25bn colossal project gets underway.
Two Rivers mall is located along Limuru road and is neighbored by the affluent Runda, Muthaiga, Nyali and Gigiri. It is the biggest shopping complex in Kenya amassing 62,000 square meters, flooring Garden City Mall that occupies 50,000 square meters and was its main local competitor.
China Aero-Technology International Engineering Corporation (CATIC) is the project’s main contractor combining workmanship with several other local contractors. French retailer Carrefour is the mall’s anchor tenant flanked by a litany of other globally known brands like Turkish clothing line LC Waikiki, Nike, Virgin Active, The Designers Studio, Swarovski and Nove Coffee Roaster.
The newly-opened Two Rivers Mall. It is the largest shopping complex in the sub-Saharan Africa. (Image: courtesy)
Two Rivers mall has all the rare finds that makes it easily provide customers with a sizzling and unforgettable experience. Its open and neatly landscaped spaces perfectly complement a beautiful, harmonious and scenic attraction. It has automated parking pay slots as well as an app that helps shoppers view other information about the mega shopping facility, a 3600 seat-amphitheater with a live studio and outdoor video facility just to say the least. “Two Rivers mall will show the show the world that Kenya is capable of delivering a world-class experience. It creates employment opportunities and is designed to offer world-class shopping experience and hopefully to stop people from going to foreign countries for shopping,” said Chris Kirubi, Centum Chairman.
Two Rivers Lifestyle Company Ltd is a consortium of top brasses in the investments arena including Centum Group. It features Two Rivers Development Limited and OMP Africa Investments Company at 50:50 shareholdings per stake. Two Rivers Development Limited is owned by three investors: Centum Group at 58 per cent, Avic at 39 per cent and ICDC AT 3 per cent.