Knight Frank Kenya has been appointed as property manager for Actis’ Garden City Development in Nairobi following an agreement signed earlier this month.
Garden City is Nairobi’s first fully-integrated mixed-use development encompassing retail, residential and office space, all planned on 47 acres of land on Thika Road. The development offers 34,839sqm (375,000 sq ft) of retail space, which will be over 90% occupied after Shoprite opens in August 2018. Garden City’s residential segment currently has 215 units of townhouses and apartments, with a further 400 units planned. The first phase of the business park will have 11,613sqm (125,000 sq ft) of office space, while two subsequent office blocks will deliver a further 11,613sqm (125,000 sq ft). Future plans for the development include a hotel, medical facility and other complementary commercial uses.
Ben Woodhams, Managing Director at Knight Frank Kenya, said:
“This is a major milestone for Knight Frank Kenya as we are celebrating our 20th anniversary this year. It brings our long-standing relationship with Actis full cycle as we were the lead letting agents for the mall and have worked on other developments together since early 2000s.”
In Nairobi, Knight Frank also manage The Junction Mall, Rosslyn Riviera Mall, T-Mall, Ridgeways Mall, Capital Centre, Lunga Lunga Square, Signature Mall and Diamond Plaza II.