Treasury to buy Jubilee’s Nairobi CBD office in Sh2.5bn plan

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Jubilee Insurance Centre in Nairobi. The insurer’s eight-storey office set to be sold as Jubilee completes its move to Upper Hill headquarters.

Photo credit: File| Nation Media Group

The National Assembly has approved an allocation of Sh1 billion to the National Treasury for the planned purchase of a multi-storey office block owned by Jubilee Holdings in Nairobi’s central business district (CBD).

The building, known as Jubilee Insurance House, is located on Wabera Street in the Nairobi CBD and was vacated by the insurer about a year ago after it moved operations to a larger head office on Kilimanjaro Avenue in Upper Hill.

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