Shelter Afrique Development Bank (ShafDB), a prominent Pan-African institution dedicated to financing housing and urban infrastructure, is preparing to hold a private auction for the sale of prime residential properties in five counties. The auction is scheduled for Thursday, September 19, 2024, presenting a unique opportunity for investors and homebuyers to acquire high-quality real estate assets.
The properties available for auction include notable locations such as Pine City in Athi River, Machakos County; Serene Valley in Rironi, Kiambu County; Translake along Kibos Road, Kisumu County; KMA apartments in Mtwapa, Kilifi County; and Eden apartments in Shanzu, Mombasa County. These offerings consist of a diverse range of residential units, from luxury apartments to spacious family homes, meticulously curated to cater to discerning buyers seeking investment opportunities or new residences in strategically significant areas.
“Our upcoming private auction demonstrates our commitment to providing innovative solutions to the real estate market,” stated the organization in a notice. “This auction is part of our strategy to support housing development across the continent.”
The auction will be hosted at the Shelter Afrique Centre, located on the 1st Floor along Longonot Road, Upper Hill, Nairobi, starting at 10:00 AM. To ensure a smooth and transparent process, ShafDB has partnered with leading real estate professionals, Joyland Auctioneers, who will provide potential buyers with comprehensive information about the properties.
Interested parties are encouraged to register for the auction to obtain further details and secure their attendance at this exclusive event. The auction will follow a transparent and competitive bidding process, with properties awarded to the highest bidder. In the case of identical bids, precedence will be given to the earliest bid recorded in the registry. Prospective bidders must submit a refundable deposit of Kshs. 100,000 to obtain a bidding number.
A detailed list of the available properties has been made available for reference. Interested buyers are urged to review this information and prepare accordingly for the auction.