• Contact US
  • Advertise With US
  • Privacy & Policy
  • Submit Station
Thursday, October 23, 2025
Kumasi Mail
Advertisement
  • Home
  • News
    • All
    • Education
    • Health
    • Manhyia
    Ministry of Education challenges Akrofuom MP, other to prove claims amid explosive School Placement corruption claims

    Ministry of Education challenges Akrofuom MP, other to prove claims amid explosive School Placement corruption claims

    Sesi Technologies Unveils Groundbreaking FarmSense Soil Intelligence System at KNUST

    Sesi Technologies Unveils Groundbreaking FarmSense Soil Intelligence System at KNUST

    Ghana’s 9th Parliament officially inaugurated

    Parliament halts reintroduction of Anti-Gay Bill after advertisement error

    Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

    Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

    AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

    AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

    Chairman Wontumi granted GH¢1m bail ahead of trial over illegal mining

    Attorney-General Dr. Dominic Ayine rejects plea deal in Wontumi case

    Krofrom Market files sealed- KMA promises revelation “in due course”

    Krofrom Market files sealed- KMA promises revelation “in due course”

    Richard Ofori Agyeman Boadi, KMA BOSS

    KMA orders removal of unauthorized structures and billboards ahead of road project

    Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

    Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

    • Health
    • Education
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
No Result
View All Result
  • Home
  • News
    • All
    • Education
    • Health
    • Manhyia
    Ministry of Education challenges Akrofuom MP, other to prove claims amid explosive School Placement corruption claims

    Ministry of Education challenges Akrofuom MP, other to prove claims amid explosive School Placement corruption claims

    Sesi Technologies Unveils Groundbreaking FarmSense Soil Intelligence System at KNUST

    Sesi Technologies Unveils Groundbreaking FarmSense Soil Intelligence System at KNUST

    Ghana’s 9th Parliament officially inaugurated

    Parliament halts reintroduction of Anti-Gay Bill after advertisement error

    Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

    Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

    AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

    AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

    Chairman Wontumi granted GH¢1m bail ahead of trial over illegal mining

    Attorney-General Dr. Dominic Ayine rejects plea deal in Wontumi case

    Krofrom Market files sealed- KMA promises revelation “in due course”

    Krofrom Market files sealed- KMA promises revelation “in due course”

    Richard Ofori Agyeman Boadi, KMA BOSS

    KMA orders removal of unauthorized structures and billboards ahead of road project

    Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

    Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

    • Health
    • Education
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
No Result
View All Result
Kumasi Mail
No Result
View All Result
  • Home
  • News
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
Home Business

Kumasi Mall and others sold in a $200mn deal to Lango Real Estate

Kumasi Mail by Kumasi Mail
August 15, 2024
in Business
0
Kumasi Mall and others sold in a $200mn deal to Lango Real Estate
Share on FacebookShare on Twitter

Accra Mall and West Hills Mall, two of Ghana’s most prominent retail destinations, are set to change hands as part of a major real estate acquisition by Lango Real Estate.

The acquisition, valued at over $200 million, includes a portfolio of four shopping malls, with Accra Mall and West Hills Mall being the focal points in Ghana.

Kumasi City Mall in Ghana and Ikeja City Mall in Nigeria are also part of the transaction. The deal according to media report, is being financed through a combination of Lango shares and partial debt financing, with RMB acting as the lead arranger.

Founded in 2018, Lango Real Estate focuses on direct investments in prime commercial properties across key African gateway cities. The company was initially established by Growthpoint Properties Limited, South Africa’s largest JSE-listed Reit, and Ninety One, a global investment manager listed on both the London and Johannesburg stock exchanges. Growthpoint holds an estimated 20% stake in Lango, with additional investments from other South African and international institutional investors.

Lango has built a strong track record in executing successful and profitable transactions, such as the acquisition of the RMB Westport property portfolio, a significant deal that excludes South Africa and further propels Lango’s growth. The company’s portfolio now encompasses high-quality commercial real estate assets across  Ghana, Zambia, Nigeria, and Angola. Notable properties include the Stanbic and Standard Chartered head offices in Ghana, Manda Hill Shopping Centre in Zambia, and The Wings office complex in Victoria Island, Lagos

“This transaction is a pivotal moment for Lango,” remarked Thomas Reilly, CEO of Lango. “It not only aligns perfectly with our growth strategy but is also highly beneficial. With this deal, Lango will manage approximately $875mn in assets across four countries, featuring some of the top-performing retail and office properties in the region.”

Hyprop CEO Morne Wilken stated, “This transaction fulfills one of our last remaining strategic goals—exiting the sub-Saharan African market. We anticipate a smooth completion of this deal with Lango.”

Source: www.kumasimail.com

Tags: Achimota MallKumasi mallLango Real EstateNigeriaReal EstateSoldtopstory
ShareTweetSend
Previous Post

Minority rejects President Akufo-Addo’s directive on sale of public lands, citing ongoing ‘state capture’

Next Post

ECG restores power to Kejetia market after GH₵21 billion debt disconnection exercise

YOU MAY LIKE

COCOBOD launches strategic board sub-committees to advance financial accountability and education in the Cocoa industry
Business

COCOBOD launches strategic board sub-committees to advance financial accountability and education in the Cocoa industry

Hermas Sibeko honoured for transformative leadership in Agribusiness
Business

Hermas Sibeko honoured for transformative leadership in Agribusiness

Ghana to create 500,000 jobs through expansion of economic crops
Business

Ghana to create 500,000 jobs through expansion of economic crops

GCAA Ag. DG brokers internship deal with Qatar Civil Aviation Authority
Business

GCAA Ag. DG brokers internship deal with Qatar Civil Aviation Authority

Sangu Delle urges intra-African trade, simpler rules and local capital to scale companies
Business

Sangu Delle urges intra-African trade, simpler rules and local capital to scale companies

Next Post
ECG cut power to Kejetia Market  again over unpaid bills arrears

ECG restores power to Kejetia market after GH₵21 billion debt disconnection exercise

I wished Maxwell Ofosu Boakye replace me in Parliament but… –Kyei Mensah

Komenda Sugar Factory investment is a prodigal waste of resources- Kyei Mensah Bonsu tells govts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST NEWS

Ministry of Education challenges Akrofuom MP, other to prove claims amid explosive School Placement corruption claims

Ministry of Education challenges Akrofuom MP, other to prove claims amid explosive School Placement corruption claims

Sesi Technologies Unveils Groundbreaking FarmSense Soil Intelligence System at KNUST

Sesi Technologies Unveils Groundbreaking FarmSense Soil Intelligence System at KNUST

Ghana’s 9th Parliament officially inaugurated

Parliament halts reintroduction of Anti-Gay Bill after advertisement error

Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

AG charges former Buffer Stock CEO and wife over GHS78m theft, money laundering

Chairman Wontumi granted GH¢1m bail ahead of trial over illegal mining

Attorney-General Dr. Dominic Ayine rejects plea deal in Wontumi case

Krofrom Market files sealed- KMA promises revelation “in due course”

Krofrom Market files sealed- KMA promises revelation “in due course”

Richard Ofori Agyeman Boadi, KMA BOSS

KMA orders removal of unauthorized structures and billboards ahead of road project

Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

Ghana’s Future at Risk: Poisoned lands, sick children, and a booming illegal gold economy- Minority raises alarm

Education Minister reaffirms Mahama administration’s commitment to strengthening ‘No Fees Stress’ policy

GES warns schools against unauthorised PTA levies

  • Trending
  • Comments
  • Latest
52-Year-old man arrested in Nsawam for possessing suspected EC Biometric Device

52-Year-old man arrested in Nsawam for possessing suspected EC Biometric Device

Ghana Airforce Z-9 Helicopter Goes Missing en Route to Obuasi, Rescue Efforts Underway

Ghana Airforce Z-9 Helicopter Goes Missing en Route to Obuasi, Rescue Efforts Underway

Asokore Mamponhene Nana Boakye Ansah passes away

Asokore Mamponhene Nana Boakye Ansah passes away

EPA CEO calls for Immediate action to restore polluted water bodies in Ashanti region

EPA CEO calls for Immediate action to restore polluted water bodies in Ashanti region

Hello world!

1
NCA promises lower data prices by year-end

NCA promises lower data prices by year-end

1
COVID-19: Information Ministry justifies GHC150K spent on staff

COVID-19: Information Ministry justifies GHC150K spent on staff

1
EC to conduct mop-up registration August 1-3

EC to conduct mop-up registration August 1-3

1
Ministry of Education challenges Akrofuom MP, other to prove claims amid explosive School Placement corruption claims

Ministry of Education challenges Akrofuom MP, other to prove claims amid explosive School Placement corruption claims

Sesi Technologies Unveils Groundbreaking FarmSense Soil Intelligence System at KNUST

Sesi Technologies Unveils Groundbreaking FarmSense Soil Intelligence System at KNUST

Ghana’s 9th Parliament officially inaugurated

Parliament halts reintroduction of Anti-Gay Bill after advertisement error

Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

Abdul-Wahab Hanan denies corruption allegations mentioned by Attorney General

Facebook Twitter Youtube Instagram
Kumasi Mail

About US

Advertise With US

Submit Station

© 2024 KumasiMail.com