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Hazina Trade Centre -39 floors
limanika
#111 Posted : Tuesday, September 16, 2014 6:31:37 PM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
limanika wrote:
@Kaigangio, When is the lease agreement with Nakumatt expiring? That’s when they should do the construction or otherwise pay Nakumatt for the remaining term. There is no way construction can continue when building is under occupation.


Hii mashinda tuliyaona kwa umbali!
http://www.nation.co.ke/...6/-/y7hpuc/-/index.html
simonkabz
#112 Posted : Wednesday, September 17, 2014 9:32:02 AM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
limanika wrote:
limanika wrote:
@Kaigangio, When is the lease agreement with Nakumatt expiring? That’s when they should do the construction or otherwise pay Nakumatt for the remaining term. There is no way construction can continue when building is under occupation.


Hii mashinda tuliyaona kwa umbali!
http://www.nation.co.ke/...6/-/y7hpuc/-/index.html

Kenya for you! Every absurdity will find its way to the courts.
TULIA.........UFUNZWE!
simonkabz
#113 Posted : Wednesday, September 17, 2014 4:52:28 PM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
The bitter fruits of the so called democracy.

Quote:
The petitioner wants a permanent injunction stopping the construction until after the expiry of its lease-2023, or until it reaches an agreement with NSSF.

It is further seeking Sh1.6 billion compensation for lost profit, arguing that the number of shoppers has dropped by 37 per cent, causing it huge loss and damages.

NSSF, citing clauses of the lease agreement, sought to dismiss claims for compensation arguing that Nakumatt had agreed to accept the business risks associated with future development of the building.
TULIA.........UFUNZWE!
mozenrat
#114 Posted : Wednesday, September 17, 2014 6:34:00 PM
Rank: Veteran

Joined: 5/18/2008
Posts: 796
simonkabz wrote:
The bitter fruits of the so called democracy.

Quote:
The petitioner wants a permanent injunction stopping the construction until after the expiry of its lease-2023, or until it reaches an agreement with NSSF.

It is further seeking Sh1.6 billion compensation for lost profit, arguing that the number of shoppers has dropped by 37 per cent, causing it huge loss and damages.

NSSF, citing clauses of the lease agreement, sought to dismiss claims for compensation arguing that Nakumatt had agreed to accept the business risks associated with future development of the building.



Sio mambo na democracy... the fact is that Nakumatt is losing yet they didn't sign up for this...
jaggernaut
#115 Posted : Thursday, September 18, 2014 7:13:52 AM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
When nakumatt moved in they knew the building was incomplete and more floors would be added. Why did they sign the lease? Yaani a tenant can stop the landlord from expanding his building?
mozenrat
#116 Posted : Friday, October 03, 2014 6:06:26 PM
Rank: Veteran

Joined: 5/18/2008
Posts: 796
The landlord can expand his building if he wants to as long as his activities do not interfere with the business of existing customers. Fact is that the closure of one of the entrances has resulted in closure of the cafe and reduced customer numbers for Nakumatt.. I used to be confident of getting parking there, now I wouldn't risk it...

jaggernaut wrote:
When nakumatt moved in they knew the building was incomplete and more floors would be added. Why did they sign the lease? Yaani a tenant can stop the landlord from expanding his building?

murchr
#117 Posted : Friday, June 05, 2015 11:24:15 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980


Traffic chaos on the way
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
enyands
#118 Posted : Saturday, June 06, 2015 12:51:27 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
murchr wrote:


Traffic chaos on the way



hope some to be smart enough to build a city train .. question is wapi space
bartum
#119 Posted : Monday, June 08, 2015 11:33:07 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
enyands wrote:
murchr wrote:


Traffic chaos on the way



hope some to be smart enough to build a city train .. question is wapi space

Nairobi cbd is still very big, the under ground bado double to triple layer roads bado, go to Hong Kong and you will be amazed that kazi bado
KondooEconomist
#120 Posted : Monday, June 08, 2015 11:54:51 AM
Rank: New-farer

Joined: 10/13/2014
Posts: 28
NSSF’s grand project stalls after EACC probe

Construction of the controversial 39-storey Hazina Trade Centre in Nairobi’s central business district has basically ground to a halt after top officials of the National Social Security Fund (NSSF) were suspended to allow investigation into separate corruption allegations contained in the President’s so-called “List of Shame”. At the same time NSSF is pursuing a court case against Nakumatt Holdings, its key tenant in the building. Sunday Nation has learnt that although the Chinese contractor, China Jiangxi International Ltd, has retained some of its heavy machinery on site, work has been suspended on the Sh6.5 billion project building that houses Nakumatt Lifestyle on Monrovia Street.

Multiple interviews with NSSF employees, workers and engineers on the site— who spoke on condition of anonymity—indicate the investigations of the NSSF officials could be affecting construction, even as it emerged that Public Procurement Oversight Authority boss Maurice Juma told the National Assembly’s Public Investment Committee the awarding of the tender was irregular.

NSSF managing trustee Richard Lang’at was among senior officials who stepped aside after President Uhuru Kenyatta tabled in Parliament a list of people to be investigated by the Ethics and Anti-corruption Commission (EACC).

“The officers who were in charge of this project at NSSF stepped aside. That is why the floors have not gone up for a while,” said an engineer on site.

Rink


Also, isnt the building 39 floors?
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