Shelter Afrique to Host Private Auction for Sale of Residential Properties on Thursday

By Isaac OGANGA

Shelter Afrique Development Bank (ShafDB), a leading Pan-African institution committed to financing and advancing housing, urban, and related infrastructure development, is set to hold a private auction event for the sale of prime residential properties in five counties.

The exclusive auction will take place on Thursday, September 19, 2024, offering a unique opportunity for investors and homebuyers to acquire high-quality real estate assets.

The properties under auction include Pine City in Athi River, Machakos County; Serene Valley in Rironi, Kiambu County; Translake along Kibos road, Kisumu County; KMA apartments in Mtwapa, Kilifi County; and Eden apartments in Shanzu, Mombasa County.

“The properties available for auction include a diverse range of residential units, from luxury apartments to spacious family homes, carefully curated to meet the needs of discerning buyers looking for investment opportunities or a new home in these strategically significant areas.” the organization said in a notice.

“Our upcoming private auction shows our commitment to providing innovative solutions to the real estate market, and this auction is part of our strategy to support housing development across the continent,” the organization added.

The auction will take place Shelter Afrique Centre, 1st Floor, along Longonot Road, Upper Hill, Nairobi, starting at 10.00am.

To ensure a smooth and transparent auction process, ShafDB has partnered with leading real estate professionals, Joyland Auctioneers, to provide potential buyers with comprehensive property information. Interested parties are encouraged to register for the auction to receive further information and secure their place at this exclusive event.

Bidding Procedures:

The auction will be conducted through a transparent and competitive bidding process, with properties awarded to the highest bidder.

In the event of identical bids, precedence will be given to the earliest bid as recorded in the registry. Prospective bidders are required to submit a refundable deposit of Kshs. 100,000 to secure a bidding number.

A comprehensive list of the available properties has been provided for reference. Interested parties are encouraged to review this information and prepare accordingly.