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Muguku Family Denies Plans to Sell Waterfront Karen for Ksh20B

The firm behind Waterfront Karen mall, Crossroads Limited, has come out to dispel reports that the property was up for sale at Ksh20 billion. News of the planned sale made front page news, with outlets including Business Daily citing an advertisement placed by a property agent. The...

Mugukus Want Ksh20 Billion in Waterfront Karen Sale After Taking Covid-19 Hit

The mall saw a decline in its fortunes in 2020 after anchor tenant Shoprite terminated their 10-year lease agreement in July after less than a year at the mall. The South African supermarket chain exited not only Waterfront mall but the Kenyan market at large, closing stores at City Mall Nyali, Westgate Mall and Garden City Mall.