Real estate magnate Dr. Sudhir Ruparelia has renamed the newly acquired Lotis Towers, situated at plot 16 Mackinnon Road in the city center, in honour of his granddaughter Arie.
Now managed by Meera Investments Ltd, a real estate subsidiary of the Ruparelia Group, the building hosts various businesses including British American Tobacco (BAT), Cairo Bank, multiple law firms, and other companies.
The building, purchased by Sudhir and his wife Jyotsna Ruparelia, is now officially branded as Arie Towers.
This acquisition, completed last week, was publicly announced by both Sudhir and the seller, DFCU Bank Limited.
This transition represents a significant shift in the city’s business landscape.
In a formal communication to all tenants, Sudhir Ruparelia, along with his wife, confirmed the property’s acquisition through a public auction facilitated by DFCU Bank Ltd.
The letter stressed that all future dealings related to the property should be directed to the new landlords and urged tenants to regularize their tenancy agreements with the updated ownership information.
Simultaneously, DFCU Bank Ltd issued a letter confirming the sale of the property as per a mortgage by Lotigo Properties Ltd.
The communication reiterated the change in ownership and requested tenants’ cooperation with the new landlords to ensure a smooth transition.
With these announcements, tenants of Arie Towers are preparing for a period of adjustment and change.
The change in ownership marks a new chapter for this iconic structure, which has long been a center for business activities and entrepreneurship in Kampala.
Arie Towers, with its prime location and symbolic importance in Kampala’s urban landscape, continues to be a focal point for commercial activities and economic development.
