Lango Real Estate
Lango Real Estate is a commercial real estate investment and asset management company managing approximately US$900 million of prime A-grade retail and office properties across Ghana, Nigeria, Zambia, and Angola, serving institutional investors and multinational tenants, with a planned London Stock Exchange listing by 2026.
- Company typePrivate
- Founded2018
- HeadquartersEbène, Mauritius
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Lango Real Estate does
Lango Real Estate is a commercial real estate investment and asset management company that acquires and operates prime A-grade retail and office properties in African gateway cities. Founded in March 2018 as a joint venture between Ninety One (formerly Investec Asset Management), Growthpoint Properties, and the International Finance Corporation (IFC), the company was originally named Growthpoint Investec African Properties before rebranding to Lango Real Estate. As of 2024, the company manages assets under management of approximately US$900 million across 13+ properties in Ghana, Nigeria, Zambia, and Angola, including flagship assets such as Accra Mall, West Hills Mall, Ikeja City Mall, Manda Hill Shopping Centre, Standard Chartered Building, Stanbic Heights, and The Wings in Lagos.
Lango generates revenue primarily through rental income from its commercial property portfolio (approximately 98% of leases are USD-denominated, providing currency stability) and asset management fees on the portfolio. The company operates a private REIT-like structure with a target gearing of 30-40% to enhance investor returns. Approximately 80% of tenants are global or multinational corporations, including anchor tenants Shoprite, Standard Chartered Bank, Stanbic, Woolworths, Decathlon, LC Waikiki, and Mr Price. The company has positioned itself as a sustainability leader in African real estate, establishing the largest Sustainable Financing Framework in the market at US$325 million (jointly funded by RMB and Stanbic Bank) and achieving EDGE Green Building Certification for 87.5% of its portfolio, with EDGE Champion status accredited by the IFC.
The company is registered as a private limited company in England & Wales, with operational hubs in London, Johannesburg, Accra, Lagos, Lusaka, and Mauritius. Lango plans to list on the main market of the London Stock Exchange by 2026 to catalyse the capital market for real estate as an asset class in Africa. The company is led by CEO Thomas Reilly (25+ years of CRE investment experience), CFO Eric Weirich (previously listed Grit Real Estate on the LSE), and CLO Matthew Dalby (joined full-time in 2025 from Ninety One), with institutional backing from Ninety One and Growthpoint Properties.
Lango Real Estate firmographics
Firmographics- Name
- Lango Real Estate
- Legal name
- Lango Real Estate Limited
- Website
- https://langorealestate.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Lango Real Estate is a commercial real estate investment and asset management company managing approximately US$900 million of prime A-grade retail and office properties across Ghana, Nigeria, Zambia, and Angola, serving institutional investors and multinational tenants, with a planned London Stock Exchange listing by 2026.
- Ownership category
- akta.pro rank
Lango Real Estate industry classification
Industry- Product category
- Commercial Real Estate Investment
- NAICS
- Real Estate Property Managers (53131), Other Financial Vehicles (525990), Other Financial Vehicles (52599), Portfolio Management and Investment Advice (523940)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)
- akta.pro primary industry
- Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK)
Keywords
Where Lango Real Estate is headquartered
LocationHeadquarters
- HQ city
- Ebène
- HQ country
- Mauritius
- HQ region
- Africa
Offices7 records
Markets served
Lango Real Estate business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Rental Income from Commercial Properties: Lango generates revenue through rental income from its portfolio of prime A-grade office and retail commercial real estate assets across Ghana, Nigeria, and Zambia. The portfolio includes properties such as Accra Mall, West Hills Mall, Ikeja City Mall, Manda Hill Shopping Centre, Standard Chartered Building, Stanbic Heights, and The Wings. Approximately 98% of leases are USD-denominated, providing currency stability.
- Asset Management Fees: Lango earns asset management fees from managing the c.US$900 million portfolio of commercial real estate assets on behalf of investors. The company operates a scalable, private REIT-like structure with a target gearing between 30%-40% to enhance returns.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Lango Real Estate product offering
Product offeringCore offering
Lango Real Estate acquires and manages a portfolio of prime A-grade retail and office commercial properties across African gateway cities (Ghana, Nigeria, Zambia, Angola), leasing space to blue-chip international and regional tenants and earning asset management fees on the c.US$900 million portfolio. The company complements this property portfolio with an EDGE green building certification programme, a $325 million Sustainable Financing Framework, and community initiatives (LangoPlus, Lango Star) while pursuing a London Stock Exchange listing by 2026.
Product overview
Lango Real Estate is a real estate investment company managing a portfolio of prime commercial retail and office properties across Africa. The company's core offering consists of income-producing commercial real estate assets valued at approximately US$900 million, spanning Ghana, Nigeria, Zambia, and Angola. The portfolio includes retail properties (shopping centers like Accra Mall, West Hills Mall, Kumasi City Mall, Ikeja City Mall, Manda Hill, Junction Mall, Circle Mall, Achimota Retail Centre) and office properties (Standard Chartered Building, Stanbic Heights, Accra Financial Centre, The Wings). Lango complements its core property management with supporting programs including the EDGE Certification Program for green building certification, the $325 million Sustainable Financing Framework for ESG-linked financing, and community initiatives like LangoPlus for educational support and Lango Star for small business development.
Differentiator
Problem solved
Functional benefit
Brands
- LangoPlus: Non-core space utilized to create a sense of community and provide social use within buildings.
- Lango Star
Products and services
- African Retail Property Portfolio Prime A-grade retail shopping centre portfolio leased to blue-chip international and regional tenants across Ghana, Nigeria, and Zambia; includes Accra Mall, West Hills Mall, Kumasi City Mall, Ikeja City Mall, Achimota Retail Centre, Manda Hill Shopping Centre, Junction Mall, and Circle Mall with high footfall (e.g. Ikeja City Mall c.5 million visitors annually, Junction Mall 391,000+ monthly).
- African Office Property Portfolio Premium A-grade office building portfolio leased to international banks, energy companies, and corporate tenants in African gateway cities; includes Standard Chartered Building and Stanbic Heights in Accra, Accra Financial Centre in Accra, and The Wings in Lagos. Tenants include Standard Chartered Bank, Stanbic, Agricultural Development Bank, First National Bank, Development Bank of Ghana, Oando, RMB, and Sasol.
Quantifiable outcome
- 87.5% of portfolio achieved EDGE Green Building Certification
- +5 more outcomes
Companies that use Lango Real Estate
Customer profileNamed customers17 records
Segments3 records
Ideal customer profiles3 records
Lango Real Estate technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Lango Real Estate partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- IFC (International Finance Corporation)coreIFC, a member of the World Bank Group, partnered with Lango to certify assets with green building certification through EDGE (Excellence in Design for Greater Efficiencies). This partnership resulted in Lango's accreditation as an EDGE Champion, recognizing its commitment to sustainable real estate practices.
Scale indicators13 records
Recent moves8 records
Expansion highlights5 records
Lango Real Estate competitors and assessment
Company assessmentBroad incumbents
- Redefine Properties: Large JSE-listed diversified REIT with significant African and European footprint. Comparable institutional commercial real estate ownership, asset management and ESG integration.
- Vukile Property Fund: JSE-listed retail-focused REIT with southern African exposure. Comparable commercial real estate investment and asset management model with similar tenant mix.
- Growthpoint Properties: Largest South African primary JSE-listed REIT and Lango co-founder. Directly comparable real estate investment and asset management platform across Africa, with a much broader and longer-established portfolio.
- Attacq: JSE-listed REIT focused on retail and mixed-use assets; co-seller of African assets to Lango in August 2024. Comparable institutional-grade commercial real estate investment approach.
- Hyprop Investments: JSE-listed retail-focused REIT that divested c.US$200M of African mall assets to Lango in August 2024. Comparable shopping-centre-led African exposure and blue-chip tenant base.
Regional players
- Octodec Investments: JSE-listed dual-segment REIT (residential and retail) operating predominantly in South Africa's metropolitan nodes. Comparable direct property ownership and asset management style, although focused on the South African market.
- Castlenet Property Group: South African-focused commercial property investment and asset management firm. Comparable in the commercial real estate operating platform role though narrower in geographic and sector scope than Lango.
Others
- RMB (Rand Merchant Bank): Core financial partner to Lango — sustainability advisor and joint funnder of the $325M Sustainable Financing Framework. Comparable as a key institutional capital and advisory counterparty in African real estate.
- Stanbic IBTC Holdings: Joint funder of Lango's $325M Sustainable Financing Framework and a major pan-African financial institution. Adjacent relationship as a capital partner rather than a direct competitor.
Direct peers
- Grit Real Estate Income Group: LSE-listed pan-African commercial real estate income group with a similar diversified portfolio of retail, office and hospitality assets across Africa. Highly comparable operating model and LSE listing ambition (Lango's CFO previously listed Grit).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Lango Real Estate social profiles
Digital presenceLango Real Estate financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lango Real Estate leadership team
Management profileNumber of profiles
Profiles10 records
Lango Real Estate funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lango Real Estate M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lango Real Estate
What does Lango Real Estate do?
Lango Real Estate acquires and manages a portfolio of prime A-grade retail and office commercial properties across African gateway cities (Ghana, Nigeria, Zambia, Angola), leasing space to blue-chip international and regional tenants and earning asset management fees on the c.US$900 million portfolio. The company complements this property portfolio with an EDGE green building certification programme, a $325 million Sustainable Financing Framework, and community initiatives (LangoPlus, Lango Star) while pursuing a London Stock Exchange listing by 2026.
Is Lango Real Estate a public or private company?
Lango Real Estate is a private company. It is classified as corporate owned and is currently operating.
When was Lango Real Estate founded?
Lango Real Estate was founded in 2018. It employs 11 to 50 people.
Where is Lango Real Estate based?
Lango Real Estate is headquartered in Ebène, Mauritius, in the Africa region.
How does Lango Real Estate make money?
Two revenue lines are on record. Rental Income from Commercial Properties are the primary driver. The others are asset Management Fees.
Who are Lango Real Estate's main competitors?
Broad incumbents on record are Redefine Properties, Vukile Property Fund, Growthpoint Properties, Attacq and Hyprop Investments. Regional players are Octodec Investments and Castlenet Property Group. Others are RMB (Rand Merchant Bank) and Stanbic IBTC Holdings. Grit Real Estate Income Group is listed as a direct peer.
Does Lango Real Estate have an API?
No public API is recorded for Lango Real Estate.
What industry is Lango Real Estate in?
Lango Real Estate's product category is Commercial Real Estate Investment. Its primary akta.pro industry code is BPAJAMAK, Real Estate Investment Management (Acquisitions & Dispositions). Its NAICS code is 53131 and its SIC code is 6532.