in

Galleria Mall Wants Nakumatt Evicted Over Sh107 Million In Rent Arrears

galleria, nakumatt

galleria, nakumattGalleria Shopping Mall owners want the struggling Nakumatt supermarket evicted from its premises over rent arrears amounting to a whooping Sh107 million.

Parkside Developments Limited has moved to court seeking to take over the space currently occupied by the retailer.

“That this honourable court hereby grants leave to the interested creditor to exercise its right of forfeiture and re-enter its premises known as unit 0.1 situated on the ground floor of the Galleria Mall,” the firm has requested.

The firm also claims that the Kenya Revenue Authority (KRA) has directed its remaining tenants to pay rent directly to the authority due to unpaid Sh86 million in taxes.

KRA’s move, the firm laments, makes it difficult for them to service their bank loans because they are not getting revenue from the shopping mall.

Read: Safaricom Sacks 52 Employees Linked To Company Fraud

The retailer was in January allowed by the court to appoint an administrator in a bid to stop liquidation.

Justice Fred Ochieng’ appointed Peter Obondo Kahi who the firm has accused of failing to engage in matters of settling the debt.

Do you have a story you want told? Do you know of a sensitive story you would like us to get our hands on? Email your news TIPS to news@kahawatungu.com

 

Eva Nyambura

Written by Eva Nyambura

Content creator at Kahawatungu.com | Passionate about telling the untold story. Lover of life, music and technology. Simplicity is KEY

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Loading…

0

Comments

0 comments

homa bay

Court Quashes Homa Bay Governor Cyprian Awiti’s Win

Millie Odhiambo

Millie Odhiambo Warns Young Man Wanting Her To Be His Girlfriend