Telposta Pension Announces Sale of Plots, Flats and Bungalows from as Low as 600K

Telposta Pension Scheme has announced the disposal of properties worth about Ksh 430 million, including vacant plots, flats, and bungalows.

In a notice issued 8n Thursday March 12, the scheme stated that it is selling the properties after its property portfolio rose to 82%, way above the 30% legal limit.

“The Government of the Republic of Kenya through the then Minister for Finance vested to TelPosta Pension Scheme Trustees Registered various properties for purposes of discharging pension liabilities in respect of any person who on 30th June 1999 was entitled to receipt of a pension from the Kenya Posts & Telecommunications Corporation (now defunct), Telkom Kenya Limited, Postal Corporation of Kenya and Communications Commission of Kenya,” read the notice in part.

“The Scheme’s property portfolio currently stands at 82%, which is above the 30% limit set by law. The Board of Trustees sought and received concurrence to dispose of the properties to ensure compliance.”

Telposta Pension Announces Sale of Plots, Flats and Bungalows from as Low as 600K

The various Scheme properties are located in Nairobi, Naivasha, Nyandarua, Karatina, Nyeri, Nanyuki, Isiolo, Kericho, Sotik and Eldoret.

In Nairobi, a vacant plot on L.R No. 209/4844/33 located off Jogoo Road will be sold. Two other vacant plots on L.R No. 1/1255 and L.R No. 1/1262 located along Argwings Kodhek Road are also scheduled for sale.

Still in Nairobi, several flats along Elgeyo Marakwet Road, under Nairobi Block 17/415, will also be sold. These include both two-bedroom and three-bedroom flats.

In Naivasha, a bungalow located in Naivasha Town under Naivasha Municipality Block 2/1262 will be sold, while in Nyandarua County, several vacant plots located in Njabini Township will also be offered for sale.

In Isiolo, a bungalow in Isiolo Township, Block 1/891, is also among the properties scheduled for sale.

At the same time, several properties will be sold, including vacant plots and bungalows in Londiani, Kericho, as well as bungalows located in Mjengo Staff Houses in Kericho Town.

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How to Bid

According to the advert, interested individuals/firms may obtain further information from the TelPosta Pension Scheme office Telephone 0202216752 or 0202217354 or 0777877870 or 0777877871.

Bidders can also email: [email protected] on normal working days beginning on the date of the advert.

The complete set of bid documents, property details, maps and drawings shall be downloaded FREE OF CHARGE from the Scheme website: https://www.telpostapension.org under ‘TENDERS’

Eligible bidders who download the bid document from the above website are required to submit their particulars (name & address of the firm/individual, contact person & their mobile number) to the TelPosta Pension Scheme official property disposal/procurement email address; [email protected] using their official email addresses.

All bidders are also advised to regularly visit the above website to obtain any additional information or addenda regarding the tender that may be issued before the closing date.

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Complete set of tender documents must be submitted in plain sealed envelopes clearly marked with the tender reference number to the following address:
The Administrator/Trust Secretary, TelPosta Pension Scheme, P.O. Box 45610-00100,
Nairoi.

It will the be dropped in the Tender Box situated at the reception of TelPosta Pension Scheme Office at TelPosta Towers, Wing C, 13th floor, Kenyatta Avenue, Nairobi.

The results of the bid opening shall be communicated by email within 7 days from the date of the tender opening.

Bidders should therefore submit their registration details via [email protected].

Also, to note, Director(s) bidding under different companies for the same tender shall be disqualified.

Any form of Canvassing will lead to disqualification.