Recent reports circulating on social media indicate that a burger joint is being pursued by management of Accra Mall over unpaid rent and utility bills.
The information shared by Vice President of IMANI Africa, Bright Simons, reveals that Cabo Corso owes Accra Mall rent worth $170,000 and $8,000 utility bills.
Mr Simons in a post on December 8 noted that “the burger joint was paying $10,500 in rent a month.”
He bemoaned the exorbitant amount being charged with the statement, “That’s a lot of burgers, chips & soda!”
For Mr Simons, this case sheds so much light in an ongoing study of the Accra real estate market
In a subsequent tweet, the IMANI Africa Veep disclosed that Mall shop rent in Accra is 2.5 times higher than in the United States.
“Rent in the western-style real estate spaces in Africa is driven more by hope than by math. The Mall was willing to let rent pile up for 16 months rather than show too much vacant space & also bcos of hope,” he further added.