Sudhir Ruparelia’s Ruparelia Group on Saturday officially launched its ultra-modern commercial building in Kampala’s Central Business district (CBD), a development that should help boost rental space in the city.
The magnificent building located on Market street and Kiyembe lane cost more than $10m (over Shs37bn), according to Sudhir. The building contains a whopping 56 apartments which will attract rent between Shs1.7m to Shs2m per month. Electrical Plaza building also has 220 shops plus two floors of car parking.
The building is the latest addition to Ruparelia Group’s business empire and its being run by Crane Management Services (CMS) – the property management arm of the group.
CMS is a leading real estate company that manages other buildings like The Cube, Hardware City, Hardware Plaza, Kampala Boulevard, Market Plaza, Kingdom Kampala and Speke Apartments on Wampeewo Avenue and Kintante among others.
Other Ruparelia Group investments already in place include, Speke Resort Munyonyo, Munyonyo Commonwealth Resort, Kabira Country Club, Speke Hotel 1996, Speke Apartments, Forest Cottages Naguru, Dolphine Suites Bugolobi, Victoria University, Kampala Parents School, Dheli Public School, Kampala International School of Uganda, Goldstar Insurance, Sanyu Fm 2000 Limited, Meera Investments, Rosebud, Premier Roses and Premier Recruitment Services.
