Sh5.5 billion Old Mutual Tower up for sale

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UAP Old Mutual Tower, a 33-storey office complex in Upper Hill, Nairobi. FILE PHOTO | KANYIRI WAHITO | NMG

Old Mutual Group Holdings has placed its Old Mutual Tower in Upper Hill, Nairobi on sale amid rising debt service costs.

In disclosures on Monday, the firm indicated that its shareholders would approve the sale and transfer of the office block at its Annual General Meeting to be held on November 14.

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