Home Business StanChart targets Sh222m from sale of iconic property

StanChart targets Sh222m from sale of iconic property

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Business Daily | by Edna Mwenda


Standard Chartered Bank Kenya is seeking to sell its iconic Treasury Square building in Mombasa valued at Sh222 million and which houses its first branch in the country that was opened in 1911.

The transaction is expected to earn the lender significant capital gains, contributing to its income in the current financial year. Treasury Square, gazetted as a heritage site, is a freehold property…

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