REAL ESTATE NEWS
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Real estate company Lesedi Developers has issued a statement following reports that it swindled investors over 1 billion shillings.
Lesedi founding director Geoffrey Kiragu terms the fraud allegations against the company as unfounded and an “injustice to our company's reputation.”
While…
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The management of Cytonn Investments has been summoned by the National Assembly Public Petitions Committee over a Sh7.8 million-a-unit housing project on Kiambu Road.
This comes after some investors petitioned Parliament raising fears that no work has been done despite paying millions of shillings…
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There was grand jubilation and celebration as Username Investments awarded Employee of the Year with a brand new car; a Mercedes Benz C class, for recording an outstanding performance in the past financial year. The grand prize was presented during Username’s 4th Thamini Awards Ceremony held at…
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It's another win for Username Investment Ltd. as the leading real estate company bags the Most Trusted and Reliable Land Selling Brand in Kenya Award during Brand of the Year Awards held at Radisson Blu Hotel, Nairobi Upper Hill. The CEO of the Company also won the coveted CEO of the Year Award at…
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A company linked to Mathira MP Rigathi Gachagua is embroiled in a tussle over the ownership of a piece of land in Nairobi valued at Sh1.5 billion.
Wamunyoro Investment Ltd has filed a case at Milimani law courts seeking to have John Michael Ohas and Columbus Two Thousand Ltd barred from illegally…
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The UK has emerged as a preferred investment destination for Kenya’s middle-class and the ultra-rich, who are buying houses for renting out.
Kenyan buyers are spending an average of £210,000 (Sh30.7 million) on a house in major UK cities such as Birmingham, Manchester, London, Liverpool, and Leeds…
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President Kenyatta's cousin Ngengi Muigai has lost a court battle for a 443-acre coffee estate in Kiambu county that was auctioned by Kenya Commercial Bank (KCB).
The bank auctioned Muigai’s Muiri Coffee Estate to Bidii Kenya in 2007 for Sh70 million after the estate’s sister company Benjo…
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Equity Bank has received a green light to sell mansions belonging to Muga Developers to recover its loan.
A three-judge bench of the Appeals Court ruled that Equity Bank is a reputable lender and the developer can still recover the money in case the pending appeal is successful.
Justices Roselyn…
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A Nairobi court has ordered the developer of Phenom Park Estate in Lang’ata to set up water purification systems for residents.
Justice James Makau issued the order after homeowners moved to court complaining that water from a borehole in the estate is not fit for human consumption due to high…
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The construction of a 90-unit gated estate that is set to be occupied by personnel attached to the US Embassy in Nairobi will be completed by May, according to the developer.
The American Embassy signed an eight-year agreement to lease the estate for its workers in the Kenyan capital.
Dubbed OBO…