The Ksh4.2 billion shopping complex, owned by the Lake Basin Development Authority (LBDA) is set to open, two years after its completion.
LBDA Managing Director Evans Atera confirmed that French retail chain Carrefour, South Africa’s Shoprite and Botswana’s Choppies are the top bidders for the largest space adding that the authority has successfully completed negotiations with the anchor tenant.
“The mall is 40 per cent booked although the figure could be well over 70 per cent if we include tenants who are a bit skeptical and are yet to commit themselves fully.
“We are very optimistic that once the anchor tenant is announced, we will have others taking up space,” ,” Mr Atera noted.
This opening comes after it had been marred with challenges over the debts the mall incurred during the construction.
The mall which is located at Mamboleo junction along the Kisumu-Kakamega Highway is expected to raise about Sh230 million annually in rent, the LBDA Managing Director confirmed.
