Jubilee Holdings Limited (NSE: $JUB) is set to sell its iconic office building in Nairobi’s central business district, with the price tag estimated at around KES 2 billion. The move is part of a wider strategy by the insurer to streamline its operations and cash in on some of its prime real estate assets.
For decades, the building served as the company’s operational heart, but Jubilee is now shifting its base to a more modern headquarters in Upper Hill. The transition began in 2022, when the firm acquired the former Coca-Cola East Africa headquarters for KES 1.1 billion. Nearly a year ago, in March 2025, Jubilee officially moved its main offices and Shares Registry to the new location on Kilimanjaro Avenue.
Jubilee market performance
On the market front, Jubilee continues to enjoy strong investor sentiment. As of March 10, 2026, the company’s share price stood at KES 388.50 marking a 16% gain since the start of the year. Over a 12-month period, the stock has surged by an impressive 82.4%, reflecting robust long-term growth.
Jubilee is currently ranked as the 19th most valuable stock on the Nairobi Securities Exchange (NSE), with a market capitalization of KES 28.2 billion. The company continues to hold significant weight in the financial sector and insurance subsector. In the past month alone, the stock has gained 16%. With earnings per share at 66.1298 and at a share price of KES 388.50, the company is trading at a price-to-earnings ratio of 5.87.
The planned sale of the CBD property is aimed at unlocking value from a prime piece of real estate while optimizing the group’s property portfolio. By freeing up capital tied up in the building, Jubilee intends to strengthen its balance sheet and channel funds back into its core insurance and financial services businesses.
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