Mad rush for Business space in Nakuru
24 February 2012, 16:08
Business people in Nakuru town are making a mad rush to occupy spaces in the upcoming modern imposing; uniquely designed buildings that offer an enabling business environment and strategic locations that draw customers.
Business people are paying rent for spaces available on the map even before construction begins to ensure that they do not miss out as the scramble for business spaces heats up.
According to local leaders this is just a sign that the naming of Nakuru town, by United Nations as the fastest growing in Africa was not just a misplaced conjecture.
“With growth rate of 13 percent and a population growing at 7 percent per year, then U.N was right in its finding that Nakuru was the fastest growing followed by Dire Dawa in Ethiopia and that is the reason why you see this buildings coming up,” Says Lee Kinyanjui Mp Nakuru town.
Among the buildings that are coming up is a shopping mall that began construction in 2009 and is now near completion. The mega edifice is among the biggest constructions in the town and with unequalled parking space.
It is situated along Kenyatta Avenue a few meters from County Council of Nakuru and has been offering casual labour to up to 250 people per day.
Engineer Peter Ngugi Mungai who is overseeing construction of the building, told the news 24 kenya reporter that all people wanted to see was the map, then they pay rent on the map-evidence of the building.
“So each and every space available at this basement, ground, first and second floors has been paid for, even the ones that are yet to complete have also been picked.” Said Mungai.
Nakumatt Supermarket, Bata Shoe Company, Nakuru Medical Stores, food courts and private offices are just a few of businesses that have allready started operating in the uncompleted building that is still under heavy construction.
Financial institutions like Prime Bank, Barclays bank, and two other banks are set to shift their operations to the building also; Mungai says as he shows the map of the building and the intended occupants.
Mungai attributed the high demand for business rooms to spacious design and location of the house at the busy Kenyatta Avenue.
“The parking space can accommodate more than 300 cars at one take; there is this basement parking and the other side in front of the building.” Says Mungai.
Mungai however said that construction of the building had been hampered by fluctuating costs of construction materials.
“Fluctuating costs of construction materials like steel, cement and stones has hampered our work to some extent, a kilogramme of steel was going for Shs, 36 a few months ago, but now it is costing Shs, 44.” said Mungai.
He notes that the trend had affected the budgeting, smooth operations and contract drawn between the client and the contractor.
Mungai noted that the ever rising costs of living had not spared the workers at the site since the agreed payment per day at the beginning of work could not be reviewed upward yet the economic situation kept on changing frequently.
Other various impressive buildings have popped up while others are still under construction where banks, learning institutions, private offices, among other ventures are scrambling for space as the town sandwiched between Menengai Crater and flamingo-famed Lake Nakuru continues to expand.
Disclaimer: News24Kenya encourages freedom of speech and the expression of
diverse views. The views of columnists published on News24 are
therefore their own and do not necessarily represent the views of
Get the latest news by following us on Twitter
Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.