Stanchart has formally disclosed that they will be disposing off their head office in town along moi avenue. i.e. StanBank house. Which is now housing Mr Price on the ground floor.
This is a material transaction as when the deal is closed could be worth a few hundred million shillings.
Here is the release.
Disclaimer: This blog and website are for informational and discussion purposes only. Riba Capital. (“Riba”) is not a registered investment advisor. Even though topics may be discussed on this blog that involve investment issues, nothing on this blog shall be deemed to constitute investment advice. No reader should act in reliance on anything discussed in this blog without prior consultation with a licensed professional who is qualified to evaluate the reader’s individual facts and circumstances and offer an informed professional opinion with respect thereto. If any reader takes action or makes decisions based solely on the information on this blog without prior consultation with a qualified, licensed professional, the reader does so at his or her own risk and agrees that Riba Capital shall have no liability resulting from such unilateral action or decisions by the reader.
Riba Capital does not expressly or impliedly warrant or guarantee the accuracy of its postings and the information that others post here.
Riba Capital will on occasion post links to information on other websites. Such links and the information thereon are not under Riba Capital’s control. Merely because a link to a third party site appears in this blog does not mean that Riba Capital has reviewed or approved of the link and its content. The reader must treat information from third party links at the reader’s own risk, and Riba Capital accepts no liability with respect to such third party information.