Kenya Railways Staff Retirement Benefits Scheme (KRSRBS) has formally announced the sale of a prime piece of land in Ngara, Nairobi, as part of its ongoing asset management and pension sustainability efforts. The parcel, identified as Land Reference Number 209/19382, was initially included in a tender document issued under reference KRSRBS/PLM/C236.

In a public notice dated June 3, 2025, the Scheme issued Addendum No. 2, which updates the tender process by extending the bid submission deadline and setting a new property viewing date.

According to the notice, the tender closing date has been pushed to Friday, July 4, 2025, at 10:00 am, allowing bidders more time to prepare and submit responsive bids. The extension follows a Kenya Gazette notice declaring June 6, 2025, a public holiday.

“The Board of Trustees have resolved to extend the Tender Closing date for the opening of tenders for sale of property (Tender No: KRSRBS/PLM/C236) to Friday, July 4th, 2025 at 10:00am,” the addendum reads. Neither the head of the scheme nor the secretary nor the head of estates were in the office to give details on why the property was being sold even the procurement department staff were also not available.

The property viewing is scheduled for Thursday, June 19, 2025, between 9:00 am and 4:00 pm, during which a certificate will be issued by the procuring entity upon site inspection. Interested bidders are expected to attend the viewing and incorporate the addendum into their submissions.

Located in the centrally positioned Ngara neighbourhood, the parcel is part of a portfolio of legacy properties owned by the Scheme, originally developed for Kenya Railways staff housing. With increased real estate demand in Nairobi’s urban core, the site is considered a strategic asset.

It was not clear whether KRSRBS move to monetise its property holdings is part of its broader mandate to meet pension obligations and ensure the financial stability of the Scheme.  The addendum clarified that “all other clauses, terms, and conditions of the tender document remain unchanged.”