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19 landlords sue Nakumatt for Sh600m rent arrears

A Nakumatt branch at the Westside Mall in Nakuru. PHOTO | Suleiman Mbatiah | NMG
A Nakumatt branch at the Westside Mall in Nakuru. PHOTO | Suleiman Mbatiah | NMG 

Troubled retail chain Nakumatt’s revelation that it will shut down more branches if a proposed takeover deal with rival Tuskys goes through has sparked a new war with landlords, who have filed fresh suits to evict the retailer from their premises in Nairobi, Nakuru, Kericho and Kakamega.

Kakamega-based Holden Investments (Holdent Mall), Green Square Limited (Green Square Mall) of Kericho, CK Patel Limited (Westside Mall, Nakuru), Parkside Developments Limited, High Park Investments and Highport Properties (Nairobi) have sued Nakumatt, seeking to terminate the retailer’s leases and take back the lettable space.

The eviction push came as it emerged that Nakumatt owes the 19 landlords Sh596 million in rent arrears.

They have since joined the petition seeking to declare the retail chain insolvent.

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