Nairobi, Feb. 23 -- An American investor has sued a Nairobi property developer over a Sh225 million off-plan deal, alleging unfair termination after paying for seven units in a project marketed as "Nairobi's Icon."
The claimant, identified as Mr KYH, a US citizen, told the Environment and Land Court that he invested heavily in the development in October 2024 after it was promoted to diaspora buyers as a premium project with strong returns.
He says the project was initiated by Eighty-Eight Nairobi Limited, owner of the 88 Nairobi building. He also claims that a person linked to the company, Jonathan Jackson, who marketed the venture, played a key role in securing investor trust before the dispute arose over payment handling and terminati...
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