Dashed hopes as KRA suddenly cancels occupation of Lake Basin mall
SEE ALSO :Agency accuses EACC of sabotageYesterday, LBDA chairman Odoyo Owidi and acting managing director Raymond Omollo confirmed that KRA has already pulled out of a deal to occupy the mall. The Sunday Standard has established that the deal had been in its final stages before KRA pulled out. The duo spoke as the Senate Committee on Devolution led by Nderitu Kinyua toured the mall to establish why the mega project is struggling to find tenants as well as the fate of a loan that was taken to construct it. “KRA was to come here but the deal is almost off. We held meetings with government officials but we do not know what has happened,” said Owidi. In the past two years, several tenants including large chain supermarkets that expressed interest in occupying the mall have pulled out in unclear circumstances. The LBDA management has heaped blame on the EACC and the Kenya National Highway Authority which they claim has failed to complete expansion of the Kisumu-Kakamega Road, thus blocking easy access to the complex.
Do not miss out on the latest news. Join the Standard Digital Telegram channel HERE.