KenGen pension fund sells two properties for Sh1.9bn, invest in liquid assets
The properties, Pension Plaza One and Pension Plaza Two in Nairobi's Parklands area, were sold during the financial year, with the proceeds earmarked for new investment portfolios offering higher liquidity as well as income-generating assets...
✨ Key Highlights
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.
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KenGen Staff Scheme Sells Two Nairobi Properties for Sh1.9bn - July 2026
The KenGen Staff Retirement Benefit Scheme has sold two properties in Nairobi's Parklands area for Sh1.9 billion, reallocating funds into more liquid assets to enhance cash flow and support future benefit payments. In New York, the iconic Flatiron Building has undergone a significant transformation, converting from office space to ultra-luxury apartments with prices reaching up to $58.5 million. Separately, 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.
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