Nairobi, June 22 -- A significant portion of the Sh4.2 billion Le Mac Tower building, one of Nairobi's most recognisable skyscrapers famed for its glass skywalks and rooftop amenities, is set to go under the hammer after its developer was placed under administration over unpaid debts.

Auctioneers Garam Investments announced that they will auction 40 two-bedroom apartments spread across different levels of the 24-storey mixed-use tower, as well as five commercial units owned by Mark Prime Properties Limited, which is currently under administration.

"All that parcel of land known as Land Reference Number 1870/VII/271, Le Mac, Church Road, Westlands, Nairobi, all registered in the name of Mark Prime Properties Limited (under administration...