Government agencies who rent space from Kampala businessman Sudhir's huge real estate developments are not breaking the law. Ibrahim Ssemuju Nganda, a Kira Municipality Member of Parliament, was cited a few days ago as saying that government ministries should not rent space from businessmen's assets.
However,
experts and public commentators say the businessman, who invests millions of
dollars in constructing modern office, business, and residential buildings, is
not breaking the law by inviting tenancy deals from government agencies. In
truth, Mr. Ruparelia's clienteles are mostly from the private sector.
"The government isn’t in the real estate business. Sudhir
is. It’s his core business. They’ve done business for ages. What’s the
issue?" One public commentator, Allan Kassujja, said. Sudhir, through
Meera Investments Ltd. and Crane Management Services Ltd., is one of the
region's top real estate developers, with notable projects including Kingdom
Kampala, Hardware City, Market Plaza, and Kampala Boulevard Building.
Sudhir's
business empire also includes hotels and the hospitality sector, floriculture,
education and schools, media, insurance and banking.
The
city businessman is currently planning the redevelopment of the former
Chieftaincy of Military Intelligence (CMI) headquarters on Yusuf Lule Road in
Kampala with a multi-million-dollar massive Business Park that will house
office premises, a shopping center, health and leisure amenities, and other
amenities.
The
Pearl Business Park, according to artistic impressions, is an 18-acre mixed-use
site that will eventually house a 5-star hotel, a shopping center, and a modern
hospital. The first phase of the project, which will be finished shortly, will
cater to office space, while the building will have 16 lettable floors and a
total built-up area of 27,240 sq m.
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