StanChart auctions luxury Mombasa apartments

A StanChart branch in Nairobi. FILE PHOTO | NMG

Standard Chartered Bank Kenya #ticker:SCBK has put nine prime residential hotel apartments in Pangoni Beach Resort in Shanzu, Mombasa, under the auctioneers hammer over unpaid loans.

The apartments are being sold for a reserve price of about Sh84.6 million combined. The units are adjacent to Mombasa Continental Resort, Serena Beach Hotel and African Safari Club.

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