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 Dubai real estate market. Lexington Properties is a subsidiary company of the Sarrai Group- a conglomerate of diverse inter-related agro-manufacturing, cement, and foam mattresses as well as properties across East and Southern Africa. According to industry sources, Alykhan Karmali didn’t necessarily sell for…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
