
Tycoon Sudhir Buys Simbamanyo House From Equity Bank
By Keefa Nuwahereza
Tenants
at Simbamanyo House inn Kampala are on tenterhooks after they learnt that
tycoon Sudhir Ruparelia has built the building comprised in LRV Folio 3 Plot 2,
Lumumba Avenue Simbamanyo House from Equity Bank.
The
Bank sold Simbamanyo House to Sudhir’s Meera Investments Ltd on October 8th,
2020, after its former owner Peter Kamya failed to service a Shs11.5Bn loan,
which later multiplied into Shs38.6Bn with interest.
A
letter from Equity Bank Managing Director Samuel Kirubi to all tenants and
occupants, dated October 8th, 2020, copied to Simbamanyo Estates,
which confirms the takeover of the building reads thus in part;
“SALE
OF LAND COMPRISED IN LRV FOLIO 3 PLOT 2, LUMUMBA AVENUE SIMBAMANYO HOUSE (The
Property)
We
are writing to inform you that Equity...