Pan-African housing developer, Shelter Afrique Development Bank (ShafDB), has announced a private auction for prime residential properties in five counties, including Kisumu. Among the properties is Translake Estate, a sought-after development located along Kibos Road, Kisumu with ties to the Odinga Family. This exclusive auction presents a unique opportunity for investors and homebuyers to acquire premium real estate.
The auction, set to take place on Thursday, September 19, will feature properties such as Pine City in Athi River (Machakos), Serene Valley in Rironi (Kiambu), KMA Apartments in Mtwapa (Kilifi), and Eden Apartments in Shanzu (Mombasa). According to ShafDB, the properties include a wide range of residential units, from luxury apartments to spacious family homes, all curated to meet the needs of buyers looking for strategic investment opportunities or new homes.
Translake Estate is a prominent residential development situated along Kibos Road in Kisumu, offering modern homes in a peaceful environment just outside the bustling city. Known for its spacious homes and convenient location, Translake provides easy access to essential amenities like schools, hospitals, and shopping centers, making it a popular choice for both families and investors.
The auction is part of ShafDB's broader strategy to support housing development across the continent. As an institution focused on financing urban and housing infrastructure, ShafDB aims to provide innovative real estate solutions, and this auction is one such initiative.
The auction will take place at the Shelter Afrique Centre in Upper Hill, Nairobi, starting at 10:00 AM. To ensure transparency, ShafDB has partnered with Joyland Auctioneers to oversee the competitive bidding process, with properties awarded to the highest bidders. Prospective bidders must submit a refundable deposit of Ksh 100,000 to secure a bidding number.
Shelter Afrique was elevated to the status of a development bank last year, following shareholder approval at an Extraordinary General Meeting held in Algiers, Algeria. With Kenya being the largest shareholder in the bank, holding a 16.85% stake, the institution continues to focus on improving access to sustainable and affordable housing across Africa.