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More TSS land, buildings set for sale over debts
Mr Abdulwahid Aboo (left) consoles Mr Twahir Sheikh Said, one of the sons of Mombasa tycoon Tahir Sheikh Said (TSS) moments after news of his father's death, at the family’s Kizingo home in Mombasa on January 10, 2017. More of the late Mombasa tycoon' property at the Kenyan coast and Machakos is set to be auctioned in the next three weeks. PHOTO | WACHIRA MWANGI | NATION MEDIA GROUP
What you need to know:
- The idle and developed land in Mombasa, Lamu and Machakos totals 41.8 acres registered under the various subsidiaries of the TSS empire and whose sale is expected to raise millions of shillings to service the debts.
- A villa complex in Nyali, a commercial building in Mombasa town, a 28-acre seafront plot in Shella as well as industrial properties with go-downs in Shimanzi and Mavoko will be sold.
More of the late Mombasa tycoon Twahir Sheikh Said’s (TSS) property at the Kenyan coast and Machakos is set to be auctioned in the next three weeks in a bid to offset defaulted loans disbursed by local banks to his business empire.
The idle and developed land in Mombasa, Lamu and Machakos totals 41.8 acres registered under the various subsidiaries of the TSS empire and whose sale is expected to raise millions of shillings to service the debts.
