Waterfront Karen mall property managers, Crossroads Limited says the land is not for sale as had reported by Kenyan media.
In a statement, Waterfront Karen Managing Director David Muguku said that the mall remains “a long-term investment” for the proprietors.
“The Waterfront Karen Shopping Mall and its surrounding property remains to be a long-term investment whose main objective is to provide a conducive, safe, environmentally-friendly and world-class shopping & lifestyle experience for the public,” he noted.
“We would like to dispel this information and let the public, our tenants and clients know that the information is false and does not represent the position of the management. The information should therefore be disregarded and treated as false,” Waterfront Karen Managing Director David Muguku said renouncing a public notice published in the Business Daily that that Waterfront Karen, along with 30 acres of undeveloped prime land in Karen that makes up the 50-acre property, was to be sold.
The mall is owned by the heirs of the late Nelson Muguku, renowned poultry farmer and investor.