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    Galleria Mall Wants Nakumatt Evicted Over Sh107 Million In Rent Arrears

    Eva NyamburaBy Eva NyamburaFebruary 20, 2018Updated:February 20, 2018No Comments2 Mins Read
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    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.

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    Read Also  Score for Safaricom Subscribers as Court Quashes Bonga Points Expiry Plan

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    Eva Nyambura
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    Content creator at Kahawatungu.com | Passionate about telling the untold story. Lover of life, music and technology. Simplicity is KEY Email: Editor@Kahawatungu.com

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