Naivasha’s first shopping mall, The Bufallo Mall, opened its doors just last weekend barely days after its inauguration by Nakuru Governor Kinuthia Mbugua.
The mall, which is a joint venture between the Delamere empire and British company Lloyd Capital partners has already welcomed retailers who moved in during the first phase of construction.
The two companies Lloyd Capital Partners and Delamere each own a 75 percent and 25 per cent stake respectively.
The mall which sits on 15 acres of land was expected to cost an estimate of $8 million (Ksh 732 million) , ended up costing $30 million for the completion of the entire project which is said to occupy 45 acres.
Lloyd Capital Partners Development Director Paul Phillips stated that a lot of the initial capital went into infrastructure development adding that the subsequent phases were a lot easier to handle.
This move will seek to attract a lot of investors to Naivasha, improving development in infrastructure and trade in years to come as was stated by Governor Mbugua.