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Buffalo Mall Naivasha in Sh. 271 million loss

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Buffalo Mall Naivasha has reported a Sh. 271 million loss in the seven months to January, attributed to rent cuts for tenant. Increased investment in malls across major towns has led to intense competition for tenants who are benefiting from lower rents and other favourable lease terms at the expense of developers. Mauritius-based multinational Grit […]

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