Landlords face losses as State plans own offices

The National Treasury building.

Photo credit: File| Nation Media Group

President William Ruto's administration is considering shifting from leasing offices to purchasing property and building its own units to cut costs in a plan likely to hit commercial property landlords hard.

The Treasury has disclosed in a new report that the government is prioritising the construction of new offices over renting, citing public concerns over the high cost of leasing in high-end commercial locations.

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