Coca-Cola Plaza in Nairobi Listed for Sale at Sh2 Billion Amidst Company Headquarters Trend

June 14th, 2019

Coca-Cola Plaza in Nairobi Listed for Sale at Sh2 Billion Amidst Company Headquarters Trend

The owners of Coca-Cola Plaza in Nairobi are reportedly seeking to sell the building for Sh2 billion, making a significant profit as the property was originally constructed for Sh870 million. Coca-Cola Central East and West Africa Ltd. is selling the three-story complex after relocating to a new office. The company has enlisted Knight Frank to negotiate the deal, and interested parties have until July 4, 2019, to submit final offers. Coca-Cola Plaza, known for its green features, is strategically located in the business district and includes amenities such as a gym, auditorium, and cafeteria. The decision to sell aligns with a trend where companies sell their headquarters to unlock capital, with Coca-Cola citing a desire to redefine its working space as a reason for the shift.


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