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Kenya's real estate retail space set to expand amid rising demand for malls

from Xinhua Net

Kenya's real estate retail space is set to expand to cater to rising demand for new shopping malls, a Nairobi-based investment firm said recently. Johnson Denge, Senior Manager (Real Estate) at Cytonn Investments, told a media briefing in Nairobi that total real estate retail space increased from 3.9 million square feet in 2016 to 5.6 million square feet in 2017. "We expect supply of real estate retail space to grow by 7.3 percent in the next two years to accommodate for increased demand for shopping malls," Denge said. more

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