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When I sit down with Moses Lutalo, the Managing Director of Broll Uganda, the conversation quickly settles on the forces reshaping Uganda’s real estate landscape: financing pressures, currency volatility, talent flight, and the urgent need to reinvent business models across the region. Broll operates from a distinctly different vantage point. It is not a developer, not a landlord, not a builder of malls or apartments. It is a real estate services company, an identity that gives it a panoramic view of the industry’s strengths and stress fractures. “We don’t own property,” Lutalo says. “We manage. We are consultants. If we…
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Real estate markets are, at their core, mirrors of the economies they sit within. In advanced economies, that mirror reflects a relatively stable image: steady credit markets, predictable consumer demand, mature institutions, and long-established urban growth patterns. But in developing countries like Uganda, the mirror behaves differently. It shifts quickly, exaggerates shocks, and amplifies every policy misstep, every currency wobble, and every change in global liquidity. This is a sector whose fortunes rise and fall not on neighbourhood gossip but on macroeconomic tides. “In Uganda, the macro is the weather system,” says Moses Lutalo, Managing Director of Broll Uganda. “It…
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Moses Dennis Lutalo, the Country Manager of Broll Uganda, a subsidiary of Broll Property Group, a pan-African commercial property services company, is in the eye of the storm following a court ruling that found that he helped his employer, Broll Uganda, to infringe on the moral rights to the copyright of an industry Retail Market Study Report by Knight Frank Uganda, his former employer. During his employment at Knight Frank, Lutalo had unrestricted access to the Retail Market Study Report, which included confidential information, such as details about upcoming commercial projects in Kampala. A year after Lutalo joined Broll, the…
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Hardly a day after Broll Uganda, the Ugandan unit of South Africa’s Broll Property Group (Pty) Ltd had distanced itself from being part-owned by Pine Investments Ltd, a property development company, owned by the Attorney General Mr. William Byaruhanga; entertainment mogul, Charlie Lubega of Guvnor Night Club and Henry Lubwama, of HL Investments, it has emerged that it is instead a company, belonging to children of the tycoons that has acquired the 40 percent stake. According to information available to this website, the company, Cedrus Investments Limited, recently acquired 925,480 shares in Broll Uganda, valued at UGX925,480,000. The other 1,387,220…
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Broll Property Group (Mauritius) Ltd has relinquished a 40 per cent stake in Broll Uganda, its Ugandan subsidiary. Speaking to Daily Monitor, Uganda’s leading independent daily, Moses Dennis Lutalo, the Broll Uganda Country Manager, confirmed the move. “In the next two weeks we will announce who will acquire the 40 per cent stake of Broll,” he told Daily Monitor, without saying who the new shareholders will be or the terms of the deal. He also separately told this writer that indeed a local company would acquire the 40 percent shareholding in their Ugandan unit. “We have local shareholders, it’s…
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