Pan-African housing financier Shelter Afrique recovered Sh687.19 million in various troubled real estate projects in Kenya in the year ended December 2021.
The financier revealed in its latest annual report that it repossessed collaterals comprising 11 apartments in Eden Beach Resort & Spa in Mombasa, 15 houses in unnamed local projects as well as vacant land in Athi River all worth Sh533.7 million.
