My Space Properties (Kenya) Limited — the real estate brand built, fronted and personally guaranteed by Mwenda Thuranira has been placed under formal liquidation, ending more than a decade of legal warfare over a single unpaid construction debt that ballooned from Sh40.7 million to over Sh110 million.

A Kenya Gazette notice published this month confirms that insolvency practitioner Waithaka Ngaruiya of Waithaka & Associates was appointed liquidator effective 15 April 2026, following a High Court order issued on 12 February 2026 in Insolvency Petition No. E3 of 2022. Creditors now have 60 days from the notice to lodge formal claims.

On paper, this is a routine corporate collapse story. Dig into the record, and it becomes something considerably more uncomfortable for the Kenyan real estate industry, for the awards bodies that keep honouring Thuranira, and for the Isiolo North electorate he is currently courting for a parliamentary seat.

THE DEBT THAT WOULD NOT DIE

In November 2012, My Space Properties hired Teams Construction Limited to build One Twiga Apartments on a parcel off Links Road in Nyali, Mombasa. A dispute over payment followed. The matter went to arbitration before retired Justice E. Togbor, and on 4 September 2014 the parties recorded a consent award of Sh40.74 million adopted as a High Court decree in December 2015.

What followed was not payment. It was six years of what court filings describe, in essence, as evasion. By September 2021 the debt swollen by interest, costs and contractual penalties had climbed to Sh110.76 million.

Teams Construction told the court it could not trace any attachable company assets and that every attempt at execution had been frustrated, including through the hiring of enforcers to obstruct auctioneers sent to recover the debt.

“The petitioner has not succeeded in tracing any attachable assets owned by the company and all attempts at execution have been frustrated by the Company…” — Teams Construction’s petition, as reported contemporaneously in the Kenyan press.

A statutory demand went unanswered in October 2021. The insolvency petition followed in February 2022 the same month, notably, that Thuranira was actively campaigning for the Isiolo North parliamentary seat, a detail that did not escape contemporary commentary questioning whether a company founder facing fraud-tinged insolvency proceedings met the integrity bar set by Chapter Six of the Constitution.

On 12 February 2026, Justice J.W.W. Mong’are allowed the petition and ordered liquidation, finding that My Space had transferred assets to third parties and shown neither the ability nor the willingness to settle a debt it had never seriously contested on its merits.

A personal guarantee Thuranira signed on 18 September 2014, pledging to cover the debt in his individual capacity, was never honoured raising the real possibility that creditor recovery will not stop at the corporate shell.

THE BRAND VERSUS THE BENCH

None of this squares with the story Thuranira has spent over a decade building.

Born in Meru, he has told multiple outlets of humble beginnings in the United States dishwashing, bellhopping, gas-station work, construction labour before returning to Kenya around 2008 and launching My Space Properties from a shared Mombasa office with his wife and a single employee.

The company later entered the Nairobi Securities Exchange’s Ibuka incubation programme in 2019 and was marketed as topping KPMG’s Top 100 real estate rankings the same year.

Thuranira parlayed that narrative into a full public persona: a memoir titled Taking Up Space, a personal website branding him a “real estate mogul,” a podcast, recurring television profiles, and a self-appointed role as an industry voice on ethics.

In March 2025, he told press that Kenya’s real estate sector was plagued by fraudulent land sales and called for escrow protections and industry self-regulation to restore what he called investor confidence commentary published while his own company sat, unresolved, inside a High Court insolvency petition that had already been running for three years.

The dissonance sharpened further in June 2026. Four months after Justice Mong’are’s liquidation order and roughly a month before his own liquidator was gazetted, Thuranira was named Real Estate Influencer of the Year at an industry awards ceremony, where he thanked “everyone who has trusted Myspace Properties with your investment journey.”

The award recognised him for what organisers called a commitment to trust and transparency in a sector where those qualities are, in his own telling, in short supply.

The company he ran was insolvent in law, and in the Court’s own words, insolvent in attitude months before he collected an award for trustworthiness.

The company website continues, as of this writing, to market apartments, land and commercial space across Syokimau, Vipingo, Machakos, Mtwapa and elsewhere, including the Sand Park development in Syokimau and a “My Town” strip-mall concept with a flagship site planned for Karen and talk of expansion beyond Kenya.

Earlier profiles credited the firm with a portfolio purportedly worth billions of shillings and projects including English Point Marina, Rose Apartments and Links Plaza claims that were never independently reconciled against the company’s actual balance sheet, and which now sit awkwardly beside a High Court finding of insolvency dating back years.

A PATTERN, NOT AN ACCIDENT

What distinguishes the My Space case from an ordinary business failure is the Court’s own characterisation of the conduct behind it.

This was not simply a company that ran out of money.

It was, in the judgment’s own framing, a company that fought recovery at every turn relocating and hiding movable assets and vehicles, allegedly involving police to frustrate execution, and shielding shares held in a related entity, One Twiga Road Limited, from a creditor holding a valid decree for over a decade.

That pattern matters because Thuranira has simultaneously sought the single credential that would put him in a position of public trust and legislative oversight: a parliamentary seat.

He ran for Isiolo North in the August 2022 general election and lost to Joseph Samal. Rather than retreat, he rebuilt: securing an endorsement from the Njuri Ncheke Council of Elders in May 2022, and by September 2025 topping a Mizani Africa opinion poll for the 2027 Isiolo North race with 61.3 percent support against the closest rival’s 22.9 percent. In October 2025, he publicly dismissed as fear-driven fabrications a set of posters attempting to link him to Isiolo Governor Abdi Guyo.

At no point in that campaign arc the elder endorsement, the polling triumph, the awards circuit has the unresolved, then adjudicated, insolvency of his signature company featured in his public messaging. Voters weighing his candidacy for 2027 have had no occasion to reconcile the aspirant’s brand with the liquidator’s file.

WHAT HAPPENS NOW

Creditors of My Space Properties have a 60-day window from this month’s Gazette notice to lodge claims with Waithaka Ngaruiya. Buyers and tenants who transacted under the My Space banner across Syokimau, Vipingo, Nyali, Mtwapa and beyond will need to establish which assets fall inside the liquidation estate and which, if any, were moved into separate corporate vehicles the Court has already flagged as recipients of shielded assets.

The unhonoured personal guarantee is the detail that should concern Thuranira most.

It gives creditors a route to his personal assets, independent of whatever remains inside the corporate shell a liability that does not disappear because a liquidator has been appointed, and one that sits uneasily beside a parliamentary campaign premised on personal financial credibility.

My Space Properties’ liquidation does not erase the apartments already built, the deals already closed, or the awards already collected.

But it does put a formal, judicially-confirmed question mark over the operating model that produced all three and over the industry gatekeepers, award panels and political kingmakers who kept endorsing the brand while the case file told a very different story.