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Real estate firm sued after ouster of director
The REIT by ALPH was authorised by the Capital Markets Authority in December 2025 and structured as a restricted offer open to professional investors only.
A former director at a real estate industrial developer has moved to the High Court seeking to block any changes in the ownership, directorship and assets of nine companies associated with Africa Logistics Properties Holdings (ALPH), citing wrongful removal from the directorships of the firms.
Asbury Maruza Chikwanha, a Zimbabwean and Australian national, is also seeking to stop the Attorney General, Registrar of Companies and the Business Registration Service from effecting or processing any further filings or changes, transfers or other corporate actions affecting the firms’ directorships, shareholding or assets.
