Lotis Towers, a prominent landmark in the heart of Kampala, has undergone a change in ownership as announced by both Sudhir Ruparelia and DFCU Bank Ltd.
The transition signifies a significant development in the city’s business landscape.
In a formal communication addressed to all tenants of Lotis Towers, Mr. Sudhir Ruparelia, along with his wife Jyotsna Ruparelia, confirmed the acquisition of the property through a public auction facilitated by DFCU Bank Ltd.
The letter emphasized that all future dealings regarding the property should be directed to the new landlords, urging tenants to ensure the regularization of tenancy agreements with the updated ownership details.
Concurrently, DFCU Bank Ltd issued a letter confirming the sale of the property pursuant to a mortgage by Lotigo Properties Ltd.
The communication reiterated the change in ownership and requested tenants to cooperate with the new landlords to facilitate a seamless transition.
With these announcements, tenants of Lotis Towers are bracing for a period of change and adaptation.
The transition of ownership marks a new chapter for the iconic structure, which has long served as a hub for business activities and entrepreneurship in Kampala.
Lotis Towers, with its prime location and symbolic significance in Kampala’s urban landscape, continues to be a focal point for commercial activities and economic development.
The announcement of new ownership heralds a fresh start for the iconic structure, with stakeholders eagerly anticipating the opportunities and challenges that lie ahead.
