Owners of The Junction mall have kicked out troubled retailer Nakumatt Supermarkets as the anchor tenant of the complex over rent arrears running into millions of shillings.
“Take notice that Nakumatt Holdings has relinquished its rights over this premise pursuant to a surrender dated 15th September 2017.” Read a notice pinned at the entrance of the branch by the Knight Frank.
“The premise will closed to the public from October 1st October 2017 and no trading will be permitted to the premises. Nakumatt’s directors and authorised agents and employees will however be permitted to access the premise for the purposes of removing the tenant’s stock, items and property from the premise.” read the notice.
The move comes barely two weeks after the supermarket closed down its outlet located at the Thika Road Mall (TRM) and a month after closing its branch at NextGen Mall along Mombasa Road.
The 12 year old Junction Mall is situated at the junction of Ngong Road, Naivasha Road and King’ara Road and is one of the largest malls in Nairobi. The complex offers 256,000 square feet of floor space hosting over 120 stores both local and international brands. The mall is owned by London-based private equity firm Actis, which also owns Garden City Mall along Thika Road.