South African real estate investment firm Lango has acquired Accra Mall, West Hills Mall, and Kumasi City Mall in a recent transaction valued at over $200 million. This strategic acquisition is part of Lango’s broader expansion plan into more African markets, aligning with its retail business strategy.
With this deal, Lango’s portfolio now includes premium commercial real estate across Ghana, Zambia, Nigeria, and Angola. The firm’s assets in Ghana now also encompass the Achimota Retail Centre, Accra Financial Centre, and major office spaces like Stanbic and Standard Chartered headquarters.
In addition to these new acquisitions in Ghana, Lango’s reach extends to the Manda Hill Shopping Centre in Zambia and The Wings office complex in Lagos, Nigeria. The latest transactions are expected to solidify Lango’s position as a major player in the African real estate market, complementing its existing investments in Kumasi City Mall and Ikeja City Mall in Lagos.
Thomas Reilly, CEO of Lango, highlighted that this acquisition represents a pivotal moment for the company. “This milestone fits seamlessly with our growth strategy and enhances our market position significantly. With $875 million in assets under management across four countries, Lango is poised as a leading force in the Sub-Saharan real estate sector, backed by some of the continent’s most prominent commercial properties.”
Founded in March 2018, Lango has swiftly emerged as a leading real estate firm in Africa, with a portfolio now exceeding $600 million. The company remains focused on delivering substantial returns through its acquisition of prime commercial assets in key African cities.
