A multibillion-shilling office block in Nairobi, 14 Riverside Drive.

📋 Breaking It Down

The High Court has quashed notices issued earlier this year seeking interested buyers for Nairobi’s 14 Riverside Drive, which houses the DusitD2 hotel.

The court ruled that the process Synergy Industrial Credit and Moran Auctioneers followed in the proposed public auction scheduled for May 26, 2026, was defective and invalid.

However, the judge said Synergy is free to issue fresh notices and execution documents, provided they strictly comply with the law.

📌 What You Need to Know

“I have carefully considered the material record. I find that contrary to Synergy’s submission, the execution instruments relied upon were defective,” the judge said.

The court identified several defects in the execution process, including the failure to properly state the reserve price.

Under the Auctioneers Rules, a warrant for the sale of immovable property must include the reserve price for each separate parcel of land, based on a professional valuation conducted not more than 12 months before the proposed sale.

The court also found that the sale documents failed to disclose registered encumbrances, as required under the Civil Procedure Rules.

“In the present case, the warrant marked encumbrances as NA, which is not applicable or not available, omitting the four registered long leases,” the judge said.

The court said the requirement for a reserve price is intended to safeguard against property being sold at an undervalue.

📰 Source: Nation Africa