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Owners of retail space in Kenya are standing on the edge. The turmoil in the retail sector has been a reality check after a decade of heavy investment in the sector that analysts had warned was heading to a glut.
Kenya’s real estate sector is already faced with an oversupply in all types of retail space in Nairobi, and in big malls countrywide. Thus the expected rollback of investment by supermarket chains is piling more problems to what is already a complicated situation.
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