The number of malls in Kenya are on the increase even as the economy continues to take a beating.
Some of these malls have a rough time attracting tenants but this has not stopped investors from putting their money on these architectural marvels.
In this article, WoK takes a look at Crystal Rivers Mall – the Ksh 4.4 billion mall in Athi-River owned by Safaricom Staff Pension Scheme (SSPS).
About The Mall
The Crystal Rivers Mall is a mixed use development project located in Athi-river, along the busy Nairobi – Mombasa road and sits on a 25-acre piece of land.
The project comprises a commercial retail center that sits on a 5.7 acre piece of land with 20,000 square meters of gross lettable area.
The retail center, which is in its final touches, offers 3 levels of premium shopping in a 210,000 square feet mall with an anchor supermarket, ample parking space of up to 700 vehicles, entertainment, restaurants, offices, hospitals and conference facilities.
Chandarana Supermarket has already signed a deal to become the anchor supermarket.
Other leading brands have also taken space in the mall.
The project also has a residential section with 398 three and four bedroom apartments and condominiums.
The three bedroom apartments that come with two swimming pools and parking are on sale for Ksh 6.5 million, the 3 bedroom townhouses which have a private outdoor balcony and yard space at Ksh 11 million and 4 bedroom townhouses at Ksh 12 million.
Some of the facilities available at the project include solar water heating, well-manicured gardens, borehole water, servants’ quarters with external access, recreation facilities, bio digester and 24 hour CCTV security among many others.
Owners of Crystal Rivers Mall
The multimillion Crystal Rivers Mall project is funded by SSPS and was constructed by South African based firm – Paragon Group.
The Pension Scheme involves 5,000 members with Richard Gitahi as secretary, Monicah Wairimu as administration & operations manager and Joseph Ogutu as Chairman.