The High Court has ordered the liquidation of investment projects owned by Cytonn Real Estate, allowing the sale of its properties in an effort to recover more than Sh14 billion the firm owes 4,000 investors.
Justice Alfred Mabeya also ordered the preservation of the company’s assets and housing projects identified as “the Alma, Applewood/Miotoni, Riverrun, Ridge and Taraji” until the liquidation is concluded.
