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Old April 15th, 2011, 01:42 AM   #81
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AllAfrica: Ownership Case Over Tatu City Adjourned

A case involving two parties over the ownership and management of multi-million real estate project, Tatu City, was yesterday adjourned. When the case came up for mention before Justice Muga Apondi, all the parties agreed by consent to have their final submissions highlighted on June 17 and 19.

On March 2, lawyers George Oraro and Gibson Kamau Kuria, who are representing the parties informed the court that after extensive consultations the parties agreed to file written submissions in the case to save judicial time.

In the case, the petitioner, Waguthu Holdings Ltd through its shareholders Stephen Mbugua and Rosemary Wanja, wants the project in Kiambu county wound up. They claim they learnt by way of a letter dated September 3 2010 that the name of Waguthu Holdings had been changed to Tatu City Ltd.

The petitioners said that most of the members of the board of directors have deliberately violated principles of good governance and fair management. They argued that following their exclusion from the affairs of the company, Tatu City should be wound up under the companies Act.
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Old April 15th, 2011, 05:12 PM   #82
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So thats it...I just wish they had resolved those squabbles. The support for this project was immense. I guess it's just a matter of time for a similar project to come along.
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Old April 15th, 2011, 10:54 PM   #83
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what d'you mean thats it... Tatu City is going ahead. This court case is just a minor blip
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Old April 16th, 2011, 08:08 AM   #84
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Originally Posted by MkateWaMayai View Post
what d'you mean thats it... Tatu City is going ahead. This court case is just a minor blip
I guess we will just wait and see as usual. I hope you are right.
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Old May 2nd, 2011, 10:39 AM   #85
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MkateWaMayai was right.

Quote:
Tatu City Development on Schedule after Court Ruling

Wednesday, 20 April 2011.

Africa’s first privately funded, managed and developed mixed use city, Tatu City, is on course to break ground for infrastructure development in the third quarter of this year.

While confirming this, Tatu City Ltd Director and Renaissance Partners' Vice President, Josphat Kinyua, said that the project whose masterplan was launched in October 2010 was at an advanced stage in acquiring all the required approvals: “A project of this magnitude requires approvals in physical planning, water and sewage, roads, energy and environment amongst others. We have not only met the required local and international standards in our application process, but have gone the extra mile to set best practice standards locally.”

He added while the shareholder’s dispute was still a matter in court, the project’s shareholders were confident in the legal system and were content with the judge’s ruling on Tuesday this week that dismissed an application filed by defendants Rosemary W Njau, Josephine Mwagiru and Anne Walker against Tatu City Limited and Kofinaf Limited to stay proceedings on illegally placed caveats on lands belonging to Tatu City Ltd and Kofinaf Ltd.

In his seven-page court ruling delivered at the High Courts, Judge Aggrey Muchelule ruled that the defendants failed to demonstrate that were the court to proceed to hear the caveats case would render their intended appeal useless.

“We have always been confident in the court process and yesterday’s ruling only reinforces the reality that is Tatu City. We now await direction from the court on when the the case regarding the illegality of the caveats will be heard. The courts have also set the 17 and 19 May 2011 as the dates for the definitive hearing of the maliciously filed winding up case. We are confident that justice will prevail.”

In August 2010, the defendants irregularly placed caveats on lands predominantly belonging to Tatu City's related sister company, Kofinaf Company Ltd, based on the false claim that they were directors and shareholders of the companies and using falsified company registry documents to support this claim. There is currently an ongoing criminal case in this regard.

Renaissance Partners, the lead shareholders in Tatu City development, have partnered with CDP Investments, a land investor and tourism company, to develop Roma Park, a 104-hectare multi-million-dollar mixed-use residential and commercial development, in Lusaka. The event marking the launch was officiated by Zambian President Rupiah Bwezani Banda, who commended Renaissance Partners and CPD Properties for their long-term investment and leadership in efforts to diversify Zambia’s growing economy.
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Old May 2nd, 2011, 06:43 PM   #86
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Good news. I hate the fact that when it comes to land issues in Kenya,you have to keep on holding your breath.
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Old May 2nd, 2011, 07:38 PM   #87
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great news.
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Old June 13th, 2011, 01:05 PM   #88
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Tatu City ownership battle starts after 8-month delay

Tatu City ownership battle starts after 8-month delay

http://www.businessdailyafrica.com/C...c/-/index.html
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Old June 13th, 2011, 10:42 PM   #89
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Quote:
Originally Posted by Sakangu View Post
Tatu City ownership battle starts after 8-month delay

http://www.businessdailyafrica.com/C...c/-/index.html
Good news!
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Old July 2nd, 2011, 12:22 AM   #90
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Capita Symonds on £3bn Kenya job
Building UK
1 July 2011

Quote:
Firm will be program dlivery partner on the Tatu City scheme

Capita Symonds has clinched the contract to be program delivery partner on a £3bn mixed-use development project in Kenya.

The Tatu City scheme, creating a new city in Greater Nairobi, is understood to be the largest real estate development in Africa and will house up to 62,000 people.

The majority shareholder in the scheme is Russian investment house Renaissance Partners, the investment arm of finance company Renaissance Group which operates across Africa, the Commonwealth of Independent States in the former Soviet regions and other emerging markets.

Capita Symonds will start work immediately, overseeing the program from pre-construction, project and design management, through to procurement and overall program management in the post-construction phase. Construction will begin in the first quarter of 2012. The value of fees to Capita has not been disclosed.

The Tatu City project has been mired in a series of legal disputes filed by its directors over its ownership. The latest round of cases opened earlier this month in Kenya’s High Court.

Last year Stephen Mwagiru, a founding director of Tatu City, filed a court petition to dissolve the firm saying other directors had excluded him from the management of its affairs.
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Old July 2nd, 2011, 02:47 PM   #91
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Thanx SE9. I'm curious about other previous projects that Capita Symonds has undertaken in the past. It should give us a rough idea about what to expect.
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Old July 3rd, 2011, 09:28 AM   #92
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They are currently constructing the BBC's "Media City" in the UK, which is a massive undertaking:

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Old July 3rd, 2011, 02:19 PM   #93
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I'm impressed.
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Old July 3rd, 2011, 11:12 PM   #94
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This is the most optimistic I've felt about the project!
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Old July 14th, 2011, 08:44 AM   #95
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More on Tatu City (DN2 Feature)

http://www.nation.co.ke/Features/DN2...z/-/index.html
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Old November 1st, 2011, 02:52 AM   #96
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is this good or bad?

Tatu City Shareholders Drop Oraro Law Firm
allAfrica

Majority shareholders of Tatu City Ltd have dropped the besieged firm of Oraro and Company Advocates in a move that could unlock pending multiple suits facing the controversial multi-billion shilling real estate project.

A notice of change of advocates was filed in the Commercial Division of the High Court on October 24 by the firm of Kemboi and Company Advocates indicating that it had been instructed to act for the majority directors.

"Take notice that Tatu City Company Ltd has appointed the firm of Kemboi and Company Advocates to act on its behalf in place of Oraro and Company Advocates," read the notice.

The law firm also made it clear that all future correspondences relating to Tatu City be directed to them.

This comes in the wake of twists and turns that have culminated in various criminal and civil litigations currently awaiting hearing and determination in a magistrate's court, High Court and Court of Appeal.

Minority shareholders Steve Mwagiru and Rosemary Wanja have consistently urged the High Court and Appeal Court to disqualify Mr George Oraro from acting for rival directors Mr Nahashon Nyaga, Mr Vimal Shah and Mr Josephat Kibogo Kinyua.

Appellate court

But after a judge declined to push out the lawyer from brief, the Mwagirus moved to the appellate court and the judges are yet to set a hearing for their application. They accuse Mr Oraro of conflict of interest.

On October 21, the Mwagirus persuaded Mr Justice Jonathan Havelock to halt the court proceedings to await the outcome of an application in the Court of Appeal seeking to overturn Mr Justice Muga Apondi's ruling that allowed Mr Oraro to continue acting for one of the parties in the dispute.

"It was prudent to stop the proceedings until the matter is determined by the Appellate Court," ruled Mr Justice Havelock. The judge noted that should the firm of Oraro be disqualified from acting for the parties, "it would affect most, if not all the applications filed in case."

However, the latest development may now render Mr Oraro's application void after his firm was dropped by one set of directors.

Besides the civil suits, Mr Mwangiru, Ms Wanja and lawyer Mr Robert Githui have a criminal case pending in the magistrate's court.
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Old November 1st, 2011, 10:32 AM   #97
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Just one more of the court dramas surrounding this project. They have shifted their dates yet again to early 2012 (check their website). We will just be patient and see how this turns out.

Court cases concerning real estate in Kenya usually have some interesting twists in the end.
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Old February 11th, 2012, 10:00 PM   #98
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Say it ain't so?

CBR: Tatu City Project to Begin This Month

Phase One (residential areas, malls, hotels, offices) will be done by Q4 2013. That's if construction goes to plan.

We'll see.
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Old February 11th, 2012, 10:30 PM   #99
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Capita Symonds are the same company expected to build Kampala tower :https://www.skyscrapercity.com/showthread.php?t=1480412
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Old February 12th, 2012, 12:36 AM   #100
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Quote:
Originally Posted by èđđeůx View Post
CBR: Tatu City Project to Begin This Month

Phase One (residential areas, malls, hotels, offices) will be done by Q4 2013. That's if construction goes to plan.

We'll see.
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