Speculators have shied away from the property class despite its growth outlook.
Land prices in Eldoret town are beyond the reach of most individuals.
Cons have been asking for up to Sh500,000 to negotiate high rates for property.
The firm is seeking to ease portfolio risk and exposure to the stock market.
Influx of cheap Asian imports has undermined local manufacturers' profitability.
Parking of trucks by the roadsides causes damage to the shoulders of the road.
Some developers are now turning to uncertified artisans thereby compromising standards.
Speculators normally sit on land without building anything, before selling it for a profit.
The country has been tipped to benefit by tapping into Chinese building technology.
Rate capping has negatively impacted on growth of lending to the private sector.
Amsons Group offered Sh23.6bn to acquire 100% of Bamburi shares.
The company has secured financial backing for a 300MW geothermal project.
Yapı Merkezi is expected to complete the 272-kilometre railway in 48 months.