Billionaire Muguku family sale Karen waterfront Mall at Sh 20 Billion

 

Karen Waterfront photo
Karen Waterfront Mall For Sale.

Nairobi’s Billionaire family puts Ksh 20 Billion Karen Waterfront Mall For Sale. The mall sits on 13.8 acres of land having a man-made lake occupying 3.5 acres.



The family of the late businessman Nelson Muguku now sells the Waterfront Mall in Karen, asking for Sh20 billion that will see the buyer acquire the shopping complex together with the 50 acres it is sitting on.


It is one of the largest real estate sale in a single property transaction to be made public.


A brief report on the advertising of the sale of the property says that the owners are willing to make the deal upon receiving a satisfactory offer and conducting due diligence.


The asset is one of the biggest investments the family has made after seizing the patriarch’s founding stake in Equity Group.

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