Construction work is well underway on Garden City along Nairobi’s Thika Road, with phase one of the project set for completion by end of the year.
The US$250 million project, which is touted as East Africa’s the largest shopping mall, is being developed by London-based private equity firm Actis.
The 32-acre development, whose construction is led by Nairobi-based Mentor Management, will consist of a 50,000sqm shopping mall, 500 housing units and a 4-acre central park with an outdoor house arena for staging events.
Phase one of the Garden City project will involve the development of 33,000sqm of retail space and 76 residential units.
The Garden City Mall will be home to about 120 local and international retail brands, many of them opening their outlets in Kenya for the first time.
It becomes the latest real estate development along Thika Superhighway. Other notable firms that have eyed investments along the highway include Nakumatt and Uchumi supermarkets as well as PepsiCo which is putting up a Sh2.4 billion bottling plant.
The Garden City project was last year granted the Vision 2030 Private Sector partnership project status.