Investors extend mini-malls frenzy amid youth influence
Nairobi, Sept. 15 -- Commercial property developers in Kenya have stepped up construction of mini-malls, extending a real estate trend influenced by the consumer habits of a youthful population that sees the retail spaces as places for social connection and experiences, rather than just places for shopping.
A new market report by Knight Frank shows that investors have a pipeline of 645,300 square feet (sq ft) of upcoming mini-malls due for completion over the next three years.
Published by HT Digital Content Services with permission from Business Daily....
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