Houses builder Kings Pride seeks Sh45bn from US equity firm

Kings Properties CEO Maj (Rtd) David Karau at his office. PHOTO | DIANA NGILA | NMG

One of Kenya’s largest real estate firm Kings Pride Properties has opened talks with an American company for a Sh45 billion equity-cum-debt injection.

Group chief executive Major (Rtd) David Karau and director George Fundi who returned from the US yesterday confirmed signing a financing term sheet with the New York-based private equity firm, Milost Global Incorporated last Friday.

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