A prominent American investor has moved to court, alleging he lost Sh225 million in a failed off-plan property deal involving the luxurious 88 Nairobi tower. The development, marketed as Africa’s tallest residential skyscraper, now finds itself at the center of a multimillion-shilling legal dispute at the Milimani Environment and Land Court.
The investor, identified in court filings as KYH, claims he fell victim to a “calculated scheme” that left him out of pocket by more than Sh161 million. The dispute involves his commitment to purchase ten premium apartments in the luxury Upper Hill project.
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