THE STORY SO FAR

Daily Nation (Kenya) - - NATIONAL NEWS -

Ty­coon Jagdesh Pa­tel has an­nounced the sale of his Sentrim port­fo­lio, com­pris­ing 680 Ho­tel and Ho­tel Boule­vard in Nairobi, Cas­tle Royal Mom­basa, Sentrim Ele­men­taita, Sentrim Am­boseli, Sentrim Mara and Sentrim Sam­buru. Knight Frank, the prop­erty man­age­ment firm that will over­see the sale, has an­nounced a guid­ing price of Sh5.2 bil­lion, which, it says, it in­tended to at­tract se­ri­ous buy­ers, who will bat­tle it out at the auc­tion. The firms head of agency, Mr An­thony Have­lock, has re­vealed that the of­fer has at­tracted both lo­cal and for­eign in­vestors.

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