Ufundi Savings and Credit Co-operative Society has formally invited buyers to bid for its 13-floor commercial building in Nairobi’s central business district, moving the long-running property sale from intention to open tender.
In a notice dated June 11, 2026, the Sacco’s Chief Executive Officer announced the sale of Ufundi Co-op Plaza through a competitive bidding process, with sealed bids due by July 1.
What Is on Offer
The building sits at the junction of Moi Avenue and Moktar Daddah Street on Land Reference No. 209/2571. Beyond its 13 above-ground floors, the property includes three basement levels and approximately 49,000 square feet of lettable space, held under a 99-year leasehold title that took effect from March 1, 1988. The commercial plot measures approximately 0.0546 hectares.
The Sacco describes the property as well maintained and equipped with electricity, telephone lines, piped water, a standby generator, lifts, firefighting equipment, and a 24,000-litre water reservoir.
“The maintenance level is good, which attracts and commands good tenants,” the notice stated.
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How to Bid
Interested parties must collect tender documents from the CEO’s office on the 12th floor of Ufundi Co-op Plaza on normal working days between 9:00 a.m. and 4:00 p.m., against a non-refundable fee of KSh 5,000.
Completed documents should go into a plain sealed envelope marked “FOR TENDER,” addressed to the Chief Executive Officer, Ufundi Co-operative Savings and Credit Society Ltd, P.O. Box 11705-00400, Nairobi, and deposited in the tender box at the Sacco’s 12th-floor offices no later than noon on July 1, 2026.
The Sacco will open bids at 1:00 p.m. the same day in the boardroom on the first floor. Bidders or their representatives may attend.
Editor’s note: Khusoko first reported in January 2022 that Ufundi Co-op Plaza had been placed on the market to recover a KSh 254 million debt. More than three years later, the Sacco has issued a formal tender notice and set a deadline for bids.
