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Overtaxed, and bullied by corrupt regulators, helpless Asian real estate investors start ‘fleeing’ to Nairobi and Dubai

The CEO Magazine Team

Acacia Mall in Kampala, a symbol of the City's huge potential in retain real estate, has since been sold by the developer, citing a difficult operating environment.

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Acacia Mall one of Uganda’s prestigious and much sought-after malls has been sold. Alykhan Karmali’s  Gulfstream Investments (U) Ltd, an investment vehicle through which he owned property, according to very knowledgeable sources, a while ago sold all its interests in Acacia Mall to Lexington Properties and is reportedly focusing on investing in the more lucrative and investor-friendly Dub

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