In court papers, KCB said it placed Northcote under administration after establishing that the real estate firm violated an agreement to deposit rent and sale proceeds in an escrow account held by the two parties.
Brian Wasuna is a Reporter at various esteemed publications including The EastAfrican, Business Daily Africa, and NationAfrica. He specializes in themes such as business and economics, with a focus on corporate finance, commercial real estate, and civil law, among others. His work has been featured in notable outlets such as Monitor Publications Limited and MSN.