Hardly a month after acquiring Lotis Towers, city tycoon Sudhir Ruparelia has renamed Lotis to Arie Towers.
Sudhir bought Lotis Towers, a multi-million dollar building in Kampala after a bank auction.
The 14-storied upscale building is located at plot 16 MacKinnon road, Nakasero.
“It is true I have bought it after an auction. The building has been on the market for a long time” Mr Sudhir, the Kampala business tycoon told Eagle Online
Sudhir Ruparelia on May 2, 2024 informed tenants that he had bought the building.
Some of the affected tenants are Judicial Service Commission-JSC, Cairo Bank International, British American Tobacco-BAT, and the Democratic Governance Facility-DGF.
“This serves to communicate that property comprised in Freehold Register Volume KCCA 40, Folio 23, Plot 16, Army Avenue, Nakasero, Kampala was sold pursuant to a public auction by DFCU Bank Ltd through its auctioneers Jubilee Auctioneers to Dr. Sudhir Ruparelia and Jyotsna Ruparelia,” Sudhir said in a memo to tenants.
