Monday, 20 September 2010

Nicholas Biwott is selling Yaya Centre

Yes Nicholas Biwott is selling his Yaya Centre is what may be jitters linked to the coming into force of the new constitution. And sources that can be trusted have said that people close to President Kibaki are the ones assessing the property to buy it.

Yaya Centre was put up in late 1980's, and over the years, it has become one of the leading shopping malls in Nairobi, very close to the league of Sarit and the like. Behind the shopping mall are about 100 furnished apartments for short term and long term accommodation.

The mall has the following tenants: Mr Price,  Woolworth’s, Truworths, Nairobi Sports House, Dorman’s, Phonelink, Nairobi Java House, Chandarana Supermarket among others. There is also a cosmetic shop operated by a wife of Biwott.
Yaya, the mall and apartments behind
It is quite difficult to tell how much the new buyers are seeking to acquire the property for.

Biwott has not spoken to his aides or friends in recent months about plans to sell Yaya. However, this blog has established that people close to Kibaki, including activist Wambui are planning to buy the property.

A source close to Biwott said it can be understood that indeed he may be planning to sell the property, because of concerns that the new constitution may open floodgates of scrutiny on how various properties were acquired, especially during President Moi's time in power.

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