East Africa’s largest mall, Two Rivers is expected to start operations next month, the Business Daily reported on Monday.
Two Rivers will have about 207 shops. Construction of the mall will cost about Sh15.5 billion, the apartments Sh3.8 billion while infrastructure will cost Sh5.8 billion, according to Centum.
The opening date has been postponed twice to allow for the expansion of the mall. The shopping complex was initially to cover a total of 1.2 million square feet of land but this has increased to 1.7 million square feet.
The main reason for the expansion is a move to increase the lettable space from the original 460,000 square feet to over 700,000 square feet, according to the investment firm which is a significant shareholder in the mall.
“The additional time has been due to this over 50 per cent increase in scope of the mall driven by demand from additional retailers,” Fred Murimi, director of Centum Capital, told the Business Daily.
Centum Capital is in charge of development and execution of investment opportunities for the firm, with the multibillion shilling Two Rivers being the flagship project.