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DusitD2 owner faces court eviction order
Riverside complex in Nairobi.
Cape Holdings, owners of the 14 Riverside buildings that house the DusitD2 hotel, has suffered another legal setback after the High Court ordered it to vacate a disputed Spring Valley property linked to the contested hotel complex.
The ruling overturned an earlier decision that had allowed Cape Holdings access to the property, the centre of a long-running dispute with Synergy Industrial Credit Ltd. Synergy Industrial Credit, the creditor in the case, argued that the prior order contradicted a 2024 ruling barring Cape Holdings and its agents from dealing with the property.
“I agree with the arguments by the applicant/decree holder (Synergy Industrial Credit) that the orders of 12/12/2025 are in direct contravention of the court’s ruling of 19/11/2024,” the judge said.
The court directed Cape Holdings and Jaysukhlal Bhaichand Sanghrajka to vacate within 24 hours, warning that non-compliance could involve the Inspector General of Police through Gigiri Police Station.
The companies have been embroiled in a legal battle for over a decade following a failed Sh750 million transaction in which Synergy Industrial Credit sought to acquire a section of the 14 Riverside complex.
Arbitration in 2015 ordered Cape Holdings to pay Sh1.6 billion plus interest, a debt that has since grown to over Sh5 billion.
Synergy Industrial Credit has attempted to recover the debt by selling the 14 Riverside complex and other Cape Holdings properties, including the Spring Valley site. I&M Bank has also claimed the 14 Riverside property, saying it was charged to secure a loan.
The court described Cape Holdings’ latest application as an abuse of process, filed to mislead the judiciary into issuing conflicting orders. The matter is set for a hearing on May 9.
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