Chinese Firm Claims Houses In Suraya Pay Row

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The Fourways Junction estate in Kiambu County. Suraya denies entering into a house-for pay deal with the Chinese contractor. PHOTO | SALATON NJAU

A dispute in which a Chinese contractor is seeking to possess 10 houses in phase one of the Fourways Junction is set for hearing in March.

China Wu-Yi claims it struck a deal with real estate firm Suraya Property Group and Muga Developers, which own the project’s land, that it would be given the houses as part payment for its services in the Sh1.76 billion project on Kiambu Road.

In its court papers, however, Suraya Property has denied the claims stating that even if there was a deal to that effect, the property is charged to Equity Bank  , which granted the Sh1.76 billion cash for the project.

Fourways Junction is located some 500 metres from the leafy Runda Estate in Nairobi and overlooks the Northern bypass.

In a ruling last month, Justice Francis Tuiyott directed China Wu-Yi to serve Equity Bank with the court documents adding that the lender was also free to join the case as an interested party.

Read the original article on Business Daily

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