Muhoozi & Co. Advocates assists Aberdeen in the acquisition of newly built property from Gefion

Muhoozi and Co. Advocates has successfully advised a prominent East African investment group on the acquisition of a newly constructed commercial property in Kenya's central business district. The state-of-the-art development, valued at approximately USD 45 million, represents one of Uganda's most significant real estate transactions in recent years.

The property, a multi-purpose commercial complex spanning 15,000 square meters, will serve as a hub for international businesses establishing operations in East Africa. The building features advanced sustainability elements, including solar power integration and water conservation systems specifically designed for the Ugandan climate.

This acquisition demonstrates growing investor confidence in Uganda's commercial real estate market and Kenya's position as an emerging business center in East Africa, said Nalweyiso Katushabe, Real Estate Partner at Muhoozi and Co. Advocates. The transaction involved complex considerations regarding land tenure, environmental compliance, and regulatory approvals unique to Uganda's property sector.

Our team provided comprehensive legal support throughout the transaction, including conducting extensive due diligence on land ownership and compliance with local building regulations, negotiating the acquisition agreement, and advising on tax implications specific to Uganda's real estate market.

The successful completion of this transaction highlights the growing appeal of East African commercial real estate to institutional investors and underscores our firm's expertise in facilitating complex property transactions in the region.

Muhoozi & Co. Advocates has advised Aberdeen with a team led by Emilie Møller.