Uchumi changes tack on sale of assets after receiving low offers

Retail chain Uchumi Supermarkets has changed tack on its ongoing sale of assets, preferring to only dispose part of the land on which the flagship Ngong Road branch is built and part-lease the Lang’ata Hyper store.

Uchumi attributed the changes to low offers for the Lang’ata branch adding that the investor who wanted to purchase the Ngong Hyper property was unwilling to lease it back to them as they had planned.