Growthpoint Investec African Properties undergoes rebrand
Growthpoint Investec African Properties Limited (GIAP) has been rebranded to Lango Real Estate Limited (Lango). Launched in 2018, Lango's assets, which it owns and manages, include several prime office and retail properties in Ghana, Nigeria and Zambia, with an aggregate value in excess of $600m.
Lango, meaning ‘entry point’ or ‘gateway’ in Swahili, reflects Lango’s strategy to become an entry point for investor capital to flow into the real estate sector in Africa, and to invest in the key ‘gateway’ cities on which it focuses.
Lango was originally jointly established by JSE-listed Reit Growthpoint Properties Limited, and LSE- and JSE-listed global investment manager Ninety One (previously Investec Asset Management). Growthpoint also has a 16% shareholding in Lango, alongside other South African and international institutional investors.
Lango Real Estate - Accra Financial Centre in Accra, Ghana
Says Lango managing director Thomas Reilly: “Lango has built a robust platform over the past few years, and whilst nothing changes in terms of the current operational and strategic support Lango receives from both Growthpoint and Ninety One, the rebranding does allow for the creation of a new and exciting identity for the business. We look forward to our future interaction with our peers and stakeholders as Lango,” says Reilly.
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