Speaking when he took over the reins of the company, Wairegi said he will build on the legacy left by the outgoing boss. Resorts and Cities has appointed former chief operating officer Peter Wairegi as new chief executive to steer the operations of the company behind the multibillion-shillings Longmont Gate and Makuyu Ridge resort projects. “Real estate investments require massive capital outlay and planning because often times the turnaround time for a project is protracted and returns are long-term; numbers are therefore supreme in this sector,” he said. This follows the expiry of a five-year contract of managing director Consolata Gituto.

Source: The Star July 04, 2016 03:52 UTC