Court quashes notices for auction of 14 Riverside Drive complex

The High Court has quashed notices issued earlier this year for the auction of Nairobi’s 14 Riverside Drive, which houses the DusitD2 hotel. The court ruled that the process followed by Synergy Industrial Credit and Moran Auctioneers for the scheduled public auction on May 26 was defective and invalid. The property has been involved in disputes over transparency and undervaluation, with multiple parties contesting the sale. The ruling halts the auction process pending further legal review.