I&M, developer halt sale of Sh2bn Athi River Estate

Sunset Boulevard Estate in Athi River, Machakos County, PHOTO | EVANS HABIL |NMG

The planned auction of houses in Athi River’s Sunset Boulevard Estate over a defaulted loan has been stopped amid a court order handing reprieve to more than 200 home owners.

Leaky’s Auctioneers, appointed to oversee the sale of 204 houses 390 units on the estate said the principals — I&M Bank and Sunset Boulevard Limited — cancelled the auction planned for Wednesday July 31.

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