Several properties were put up for sale on Monday through public auctions by various auctioneers in Nairobi and across the country, as the tough economic times continue to take a toll.
The properties involved entire companies, hotels, and multi-storey residencies.
In advertisements published in the local dailies, the auctioneers put up properties among them two hotels, 4 residential apartments, two companies, and an office suite in Nairobi's Westlands area. The hotel on auction is the Nothern Galaxy Hotel located in Isiolo town where the auctioneer has put up the entire piece of land that hosts the hotel.
According to the auctioneer, the entire property extends to 0.16 hectares (0.4 acres) approximately and is developed with a six-storey hotel.
