The KenGen Staff Retirement Benefit Scheme has sold two properties in Nairobi’s Parklands area for Sh1.9 billion. This strategic move aims to reallocate funds into more liquid assets, enhancing cash flow and supporting future benefit payments.

• The scheme divested Pension Plaza One and Pension Plaza Two.
• The proceeds have been reinvested into fixed-income and money market instruments to improve liquidity and income generation.
• The transaction occurred during the 2025 financial year, with the Scheme's total assets standing at Sh10.041 billion.

The High Court has appointed an official liquidator to manage the winding up of property developer Banda Homes Limited, initiating the next phase of its insolvency proceedings.

• The insolvency practitioner Waithaka Ngaruiya was appointed liquidator, effective July 2, 2026.
• Banda Homes Limited, a property developer, is undergoing liquidation.
• Creditors have 60 days from the date of the notice to submit claims for consideration.

New York's iconic Flatiron Building has undergone a significant transformation, converting from office space to ultra-luxury apartments, with prices reaching up to $58.5 million.

• The building, a New York City landmark for over a century, will feature 36 open-concept residences.
• The redevelopment project is led by a partnership including The Brodsky Organization, GFP Real Estate, and the Sorgente Group.
• The renovation includes restoring intricate exterior details and incorporating historical elements into the new luxury amenities, such as a pool and wellness center.