Greenspan Mall owner ILAM Fahari Real Estate Investment Trust (Reit) has completed the sale of one of its properties in Nairobi’s Industrial Area, Bay Holdings, as part of a strategy to dispose of non-core assets.
ICEA Lion Asset Management Limited, the Reit manager, revealed the sale of the property with a book value of Sh160 million at the end of June, but did not disclose the transaction’s closing price.
