This archive report was first published on 10 May 2020.
On May 10, 2020, the High Court of Kenya made a significant ruling in a decades-long land dispute between the Koinange family and Centum Investments, the company behind Two Rivers Mall.
The court ruled that Centum had acquired the land for Two Rivers Mall through a legitimate process, dismissing allegations that the company had bought more than the quoted 100 acres.
According to the court, Centum had purchased 100 acres of land, while another international investment firm had acquired 291 acres of the 640-acre Closeburn property.
However, the court did order a re-survey of the remaining 246 acres, which is worth Sh2.88 billion, to determine its actual size.
Justice Aggrey Muchelule, who presided over the case, directed the administration of the estate to measure the acreage of the estate using a government surveyor.
He stated that if the estate is found to be less than 246 acres, the beneficiaries will proportionately lose their shares, and whatever is recovered will be proportionately shared.
Centum had purchased the land for Sh1.1 billion in 2010 and used it to build the Two Rivers Mall.
The court's ruling brought an end to a four-decade succession case involving the Koinange family estate, which is estimated to be worth over Sh14 billion.
