The administration of The Waterfront Mall in Karen has denied that the property and the 50 acres of land it’s sitting on are up on the market.
The transfer comes after information studies and circulation of a gross sales pitch inviting potential consumers to accumulate the property whose asking value was set at Sh20 billion.
“The Waterfront Karen Purchasing Mall and its surrounding property stay to be a long-term funding whose primary goal is to offer a conducive, secure, environmentally-friendly and world-class purchasing and life-style expertise for the general public,” an announcement issued by David Muguku, the managing director of The Waterfront, mentioned.
“We want to additional inform the general public that any info pertaining to the sale, if any, or every other matter could be issued by the administration via official channels.”
Mr Muguku had declined to answer queries on the matter earlier than the publication of the information report by Enterprise Day by day.
A number of sources advised Enterprise Day by day that the household of the late Nelson Muguku has thought of promoting the property, therefore the creation of the doc profiling the mall and which was leaked.