Fahari takes Sh63 million hit on sale of city property

ICEA Lion Asset Management Chief Executive Officer Einstein Kihanda. FILE PHOTO |  NMG

Property fund ILAM Fahari I-Reit is set to take a Sh63.6 million loss from the sale of Highway House, a three-storey commercial building in Nairobi.

The fund says it entered into a deal to sell the property on Pokomo Road, off Mombasa Road, in May this year for a total consideration of Sh45.1 million.

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