Business
Chinese company drags KDLB to court over Kololo Land
Publish Date: Jun 21, 2014
Chinese company drags KDLB to court over Kololo Land
Kampala District Land Board (KDLB) chairman, Yusuf Nsibambi (R) PHOTO/ File.
  • mail
  • img
newvision

By Hillary Nsambu                   

A Chinese business company, Zhang’s Group Company Ltd has sued Kampala District Land Board (KDLB) for breach of lease agreement, seeking to be given vacant possession of the contested piece of land or be refunded over sh6b it paid.

Zhang’s Group incorporated under the laws of Uganda, sued through Kiwanuka & Karugire Advocates, seeking for orders requiring KDLB to surrender to it physical piece of land located at Kololo hill in Kampala or refund a total of sh5,449,679,766 it has so far paid out for the property to be registered in its names. 

It would also claim interest of 23% per annum from the date of filing the case.
 
The court has also issued summons for KDLB to file a defence against the suit within 15 days.
 
The suit property is a prime piece of land comprised in LRV 4452 Folio 15 Plot 29 Hill Lane – Kololo in Kampala.
 
According to the plaint that was filed on Thursday in court, the plaintiff alleged that it applied for a surveyed piece of land at Kololo Hill Lane neighbouring Plot M895, which KDLB leased to it. 

The plaintiff paid sh5,117,000,000 as its correct market value. 

It is also alleged that the company paid sh173,625,120 being premium; 13,890,009 worth of ground rent and sh3,824,754 worth of stamp duty and; the land was demised to it as the title was issued to it as the registered proprietor.

Upon receiving the certificate of title, the company sought to access the property, but the UPDF refused it to enter, claiming that the property belonged to it. 

It is further alleged in the plaint that despite writing to the Special Forces Commander, showing proof of lease agreement with KDLB, in an effort to access its property, no avail hitherto.  

RELATED STORIES

 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Libyan government injects sh180b to revamp Utl
The Libyan government has injected $56m to revamp Uganda Telecom Limited (Utl) that has been facing serious financial problems, the Libyan Foreign Affairs minister, Mohamed Dayri has revealed....
China eyes more investment opportunities in Uganda
A group of Chinese investors have expressed interest in investing more funds in different sectors which range from agriculture, mining, manufacturing, real estate among others in the country....
UAE Exchange celebrates customer loyalty
Every year, UAE Exchange commemorates its customers, by celebrating Customer Loyalty from 1st to 10th June, 2015. Special discounts, offers, promotions, are conducted giving an opportunity to customers to win exciting prizes....
The future of e-business and its contribution to Uganda
Going forward, business owners in the country albeit not all, ought to review their business s and plug in to e-commerce....
KCCA bans posters in city
As we draw closer to elections and campaigns, Kampala Capital City Authority (KCCA) has issued a warning to all those who intend to place posters and advertisements to seek the authority's permission and clearance or face the law...
Sudhir’s tenants protest paying rent in dollars
Over 100 traders renting on Sudir Rupareria’s shopping mall on Market Street, on Monday morning took to the streets protesting paying their monthly rent charges in US dollars...
With Eddie Kenzo’s win at the BET awards, is Ugandan music being recognized worldwide?
Yes
No
Can't Say
follow us
subscribe to our news letter