K-Mall is up for sale for Sh1.3 billion. [HF Group]Housing Finance (HF) is in talks with potential buyers of K-Mall, which is up for sale for Sh1.3 billion. HF Chief Executive Robert Kibaara said the sale of the over 88,000 square feet shopping complex located in Nairobi’s Komarock Estate is pegged on the firm finding an anchor tenant. This follows the exit of struggling retailer Tuskys Supermarkets, with Kibaara revealing that HF is about to close a deal with one of the “top supermarkets” to become the anchor tenant. Take a surveyThe sale of the mall comes amid a depressed property market worsened by the Covid-19 pandemic.

Source: Standard Digital May 07, 2021 05:26 UTC