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Garden City Thika Road
omhangla
#61 Posted : Thursday, May 28, 2015 4:38:42 PM
Rank: Member

Joined: 7/8/2013
Posts: 126
heri wrote:
Has anyone been to the expansive watermark business park near Karen hospital. It opened mid last year and one year down the road what i see when i go there is about 30-40% occupancy

I think some of the investors are suffering

i cannot imagine what it would be like to be paying loans when you have 30% of the expected tenants . Not to mention that you may be forced to charge lower than intially budgeted to get better occupancy


And highway mall along uhuru highway. they keep advertising almost everyday kwa classifieds for the last two years.
murchr
#62 Posted : Thursday, May 28, 2015 5:22:04 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Kenyans have a way of overdoing everything. There are enough malls in Nairobi now.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
streetwise
#63 Posted : Thursday, May 28, 2015 5:53:55 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Interesting that you mention it: highway mall , walked into the groung floor and got confused as into what the investor was intenting to do here.

A mall next to once of Nakumatt's largest shops. I guess most shoppers have not even noticed the mall exists.
premio
#64 Posted : Thursday, May 28, 2015 8:25:12 PM
Rank: Member

Joined: 5/31/2009
Posts: 226
lots of hype about Massmart game found it smaller than the smallets tuskys or naivas around nothing new only a few low quality xenophopia products Nakkumat miles ahead. TRM still stands out.garden city interior works 70% incomplete
streetwise
#65 Posted : Friday, May 29, 2015 7:06:47 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Thanks. Good feedback. This means when Nakumatt open a shop in the same location which I undertand will happen then this mass thing will fade away
MaichBlack
#66 Posted : Friday, May 29, 2015 8:17:36 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,838
streetwise wrote:
Thanks. Good feedback. This means when Nakumatt open a shop in the same location which I undertand will happen then this mass thing will fade away

Massmart's main shareholder is Walmart - the largest retailer in the world by sales. Walmart have the lowest prices everywhere they operate. It is actually their model. Sell almost everything. Be almost everywhere. Have the lowest prices. Many studies have been done on just how Walmart manage to have the lowest prices everywhere they operate. And they have many techniques from bulk buying to working with suppliers to reduce costs e.g. by reducing marketing costs incurred by suppliers etc. I suspect Massmart will have products at very low prices. If that happens... Other retailers should watch out!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Wamunyota
#67 Posted : Friday, May 29, 2015 9:31:55 AM
Rank: Veteran

Joined: 6/23/2014
Posts: 1,652
Replacing the junction with the roundabout at Natives was a brilliant idea.
Hutia Mundu!!
jaggernaut
#68 Posted : Tuesday, June 02, 2015 10:00:21 AM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
premio wrote:
lots of hype about Massmart game found it smaller than the smallets tuskys or naivas around nothing new only a few low quality xenophopia products Nakkumat miles ahead. TRM still stands out.garden city interior works 70% incomplete


Visited the place and found the Game store to have quite interesting products. There was a shopping frenzy and many items were flying off the shelves. The queues were unbelievable. I bought a power saw @15k, a Black and Decker power drill @2k and some fishing gear @1.5k. For someone looking beyond the normal kawaida products at nakumatt, the Game store is the place to go.

They had some nice bargains as you can see on this link:

http://www.game.co.za/leaflets/kenya-leaflet

This other leaflet is meant for SA but all these products are at the store.

kayhara
#69 Posted : Tuesday, June 02, 2015 11:19:39 AM
Rank: Veteran

Joined: 5/5/2011
Posts: 1,059
streetwise wrote:
I think they should charge an entrance fee for any one who goes without purchaing goods worth ksh 1000.00.

This will sort the issue and they can pay me a commission for this advise

This works at Vipingo Ridge where you pay 1,000/- at the gate but you can redeem the money equivalent at the club house, for the mall charge 200/- for all entering redeemable at any shop at the mall, that way you will kick off the window shopping crowd and collage girls.
To Each His Own
jaggernaut
#70 Posted : Tuesday, June 02, 2015 11:33:07 AM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
kiash wrote:


And where are the shoppers supposed to come from? At least hiyo nasikia foxrivers iko next to rich neighborhood.These guys would have built a large discount store/supermarket with prices less than any other supermarket and they would have done an Equity in this sector. People from as far as Ruiru would have done their shopping there.Now they only have guys from Thome and garden but judging by their old pickups which pick barley waste from EABL, they might not be people who will spend in that mall.


Whaaaat?


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