Kenya: Sh2.7 Billion Shopping Mall Slashes Rent As Supply Glut Bites

15 October 2018

Rosslyn Riviera Shopping Mall, which sits on 4.5 acres in the plush Runda Estate, has moved to temporarily slash its rent costs for new tenants in a bid to attract businesses as it struggles to fill the property space.

The notice Riviera issued confirms findings of a recent real estate report that oversupply of mall space would spell trouble for property developers as it becomes harder to get tenants.

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