The Capital Markets Authority has conditionally approved Uchumi Supermarkets Limited (NASE:UCHM.O) to sell its Nairobi properties. The properties to be sold include its flagship Ngong Road hypermarket, Lang'ata property. The assets will be sold through an open tender with the bidding closing on October 30, 2015.

Coulson Harney has been signed as a legal advisor to oversee the transaction.