Five years ago, Africa was still widely punted as the world’s next big growth story. Back then, a number of SA developers and listed property funds ventured north of SA’s borders to cash in on the continent’s rapidly growing middle class and shortage of formal retail space.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00.