Shelter Afrique faces losses as Sh730m estate develops cracks

A condemned building is pulled down at Kahawa West in Nairobi. FILE PHOTO | NMG

Mortgage financier Shelter Afrique is facing huge losses after the structural fitness of housing units worth more Sh730 million was put into question by the National Construction Authority (NCA).

The NCA on Monday started carrying out a structural audit of Everest Park Apartments phase I, a residential housing estate in Athi-River that has about 242 units.

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