Developer defends use of Jevanjee Gardens' land as collateral for Sh1.9b loan

Real estate developer Jabavu Village Ltd has explained why it used public land to obtain a Sh1.9 billion loan.

While he did not deny that a facility was taken to necessitate the development of the affordable housing project, the developer says everything was done according to the book as required under the special purpose vehicle formed to deliver the project. 

The land in question involves...