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Uchumi puts up Nairobi mall for sale at Sh2bn
The Uchumi Supermarkets’ Ngong Hyper outlet on Nairobi’s Ngong Road. The building housing the store is one of the assets the retail chain has put up for sale. PHOTO | FILE
Retail chain Uchumi is selling the building that hosts its flagship Ngong Hyper outlet in Nairobi as part of a debt settlement plan meant to put the troubled supermarket back on track.
The shop, which is located on Nairobi’s Ngong Road, is being sold to owners of the Thika Road Mall at a price of Sh2 billion, making it one of the biggest real estate deals this year.
