11-Floor Building Hosting Naivas Supermarket Put on Auction
Thika Business Center located in Thika Town, Kiambu County.
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An 11-storey building at the heart of Thika Town with a monthly income of Ksh6.7 million has been put on auction.
A notice by Garam Investments Auctioneers published in a local daily on Monday, May 10, indicated that the building, Thika Business Center, which hosts Naivas supermarket was placed under auction on orders of the chargee s lawyers.
Situated in the centre of Thika CBD, the building boasts 11 storeys and two basements with a capacity of 45 parking slots. The basements also contains water tanks and an underpass store.
Equity barred from Mututho home sale in Sh20m loan row
Thursday April 29 2021
By BRIAN NGUGI
Summary
Equity Bank had earlier obtained orders to sell the property in Riruta Satellite, Kawangware, which it holds as securities for a Sh9 million loan the MP borrowed 20 years ago, in a public auction.
A court has blocked Equity Bank’s #ticker:EQTY plan to put the multimillion-shilling matrimonial home of former Naivasha MP John Mututho on sale in a bid to recover a Sh20 million accrued debt.
Senior resident magistrate Peter Muholi put the planned auction of the MP s prime property in Nairobi comprising an eight-bedroom double-storey residential house on hold until an application is heard and determined.