Shopping malls are posting huge losses as ongoing supply glut compels landlords to cut rents.
The tower has added 300,000 sq feet of Grade A office space in Upper Hill.
The Sh4.2bn mall that was completed in 2017 is yet to sign its first anchor tenant.
Too few residents have the financial capacity to shop at the facilities regularly.
Palm Exotica, a 61-floor luxury hotel-cum-residential project, will cost Sh28 billion.
The building has remained under construction for three decades despite budgetary allocations.
The rising supply of new offices is giving tenants an upper hand in lease negotiations.
Britam Tower was designed by GAPP Architects & Urban Designers and Triad Architects.
Rosslyn Riviera Mall has slashed rents by half to woo new renters.
This is Xinhua’s first purpose built office block outside of its headquarters in Beijing.
Amsons Group offered Sh23.6bn to acquire 100% of Bamburi shares.
The company has secured financial backing for a 300MW geothermal project.
Yapı Merkezi is expected to complete the 272-kilometre railway in 48 months.