The landscape of Kenya’s shopping malls is expanding, even as economic challenges persist. Despite difficulties in attracting tenants, investors continue to commit substantial funds to these impressive structures.
One such development is Crystal Rivers Mall, a Ksh 4.4 billion venture in Athi-River owned by the Safaricom Staff Pension Scheme (SSPS).
About The Mall
Located strategically along the bustling Nairobi-Mombasa road, Crystal Rivers Mall occupies a 25-acre plot. This mixed-use development includes a commercial retail center spread over 5.7 acres, featuring 20,000 square meters of gross lettable area.
The nearly completed retail center boasts three levels of premium shopping within a 210,000 square feet space. It will house an anchor supermarket by Chandarana, over 700 parking spaces, and various amenities including entertainment options, restaurants, offices, a hospital, and conference facilities.
The development also encompasses a residential segment with 398 units comprising three and four-bedroom apartments and townhouses. The three-bedroom apartments, which include two swimming pools and ample parking, are listed for sale at Ksh 6.5 million. Meanwhile, three-bedroom townhouses with private balconies and yards are available for Ksh 11 million, and four-bedroom townhouses are priced at Ksh 12 million.
Additional features of the project include solar water heating, manicured gardens, borehole water supply, external servants’ quarters, recreational facilities, a bio-digester, and round-the-clock CCTV security.
Ownership and Management
The expansive Crystal Rivers Mall project is financed by the SSPS and was constructed by the South African-based Paragon Group. The Pension Scheme currently has 5,000 members and is managed by Richard Gitahi as secretary, Monicah Wairimu as administration and operations manager, and Joseph Ogutu as chairman.
Source: https://crystalriversmall.co.ke/