[Courtesy]For over a year now, auctioneers and banks are stuck with prime commercial properties with no buyers in sight, even at cut prices. Some of the properties have been in the market for more than two years without attracting buyers. HF has in the past one year been disposing of scores of residential and commercial properties worth billions of shillings. While most may have been sold, the prime commercial spaces and hotels it has put on auction are proving a hard sell. Some that have stayed long in the auction market include Thika Business Centre that is valued at Sh540 million, Kiambu Town Centre at Sh196 million and the Roof Garden Hotel in Machakos.

Source: Standard Digital May 12, 2021 21:00 UTC