KENYA – The first phase of Two Rivers, Centum’s Sh25.2 billion real estate project, is set to be completed in October setting the stage for opening of the mall which is expected to house high-end international retail brands.
James Mworia, Centum’s chief executive, on Wednesday said construction of 108 apartments (phase two) at Two Rivers will start in August, with the project set to be completed in December 2016.
The mall covers an area of 1.2 million square feet (excluding parking space for 3,000 vehicles) and will have 220 shops, over a quarter of which have been booked by global firms making their first entry in Kenya.
“The anticipated opening of the Two Rivers Mall is expected to change the shopping landscape in Kenya,” said Mr Mworia.
“We have received interest from international and local brands and at the moment space at the mall is 60 per cent booked.”
Construction of the mall will cost approximately Sh15.5 billion, the apartments Sh3.8 billion while setting up infrastructure will cost Sh5.8 billion, according to Centum.
French retailer Carrefour is set to be the mall’s anchor tenant with other brands being LC Wakiki — a Turkish luxury clothing line — and Virgin Active, a platinum health club founded by billionaire Richard Branson.