Tax Shock For Company That Sold Garden City Land

Ruaraka Diversified Investments Limited is associated with private equity firm Actis, which sold the land on Thika Road where Garden City Mall stands and a separate property to Safaricom in 2015. Tax Appeals Tribunal agreed with the taxman that Ruaraka Diversified Investments should remit the money to KRA because it failed to pay tax from profits of about Ksh1.4 billion earned in three transactions, after acquiring the land from East African Breweries Ltd (EABL).

Home Buyers Take Possession of Sh4.7 Million Houses at Tatu City

Situated on Tatu City’s first main road, the British-Kenyan venture’s first 48 units are spread across four blocks with 12 apartments each.

Youngest Real Estate Firm Shakes Market With Sh12bn Fund

Newly launched residential home developer,  Mi Vida, has been ranked the best new entrant into the Kenyan real estate market. Mi Vida also received an award in the real estate developers and agencies category at the Kenya Homes Expo 2019 held in Nairobi last week. The home-builder, which...

Actis, Shapoorji appoint Chris Coulson to lead real estate joint venture platform

Actis, a leading growth markets investor and Shapoorji Pallonji Real Estate (SPRE), the real estate arm of one of India’s largest conglomerates, have announced the appointment of Chris Coulson as the CEO of the newly launched residential platform. Coulson’s appointment follows his continued success in managing...

Flagship Huduma Centre to open at Garden City

The establishment of the centre at the mall is a great show of effective working relationships between private sector and the Government

Knight Frank to manage Garden City

The contract brings the number of shopping centre developments under its retail management portfolio to 12 with a cumulative 1.9 million square feet of retail space, the largest in the country