Sunday, August 31, 2025
24.1 C
Lagos

Vantage Capital Funds $20m Expansion for Landmark Africa

Vantage Capital Africa’s largest mezzanine fund manager, has announced $20 million of funding to Landmark Africa, one of Nigeria’s leading property developers. Landmark has developed or managed over 130,000 m2 of prime real estate across the continent.

The real estate company is headquartered in Lagos, with offices in several countries including South Africa and the United Kingdom.

Over its nineteen-year history, Landmark has built a high-quality property portfolio, including A-Grade offices for over 100 corporate clients including the Nigerian headquarters for PriceWaterhouseCoopers and Procter & Gamble and provided development management services for one of the largest malls in Nigeria. Investment One Financial Services acted as Lead Corporate Advisor on the transaction.

Landmark Village
Landmark is currently building Landmark Village, which will be an iconic “Live, Work, Play” mixed-use development with breath-taking sea views in the exclusive area of Victoria Island.

They have already completed a cutting-edge, spacious 2,500 person events centre, an unparalleled Japanese Shiro restaurant and a vibey Hard Rock Café just a stone’s throw from the beach. Landmark will soon enhance the development with a state of the art training centre and two extraordinary multi-tiered office buildings with over 20,000 m2 of dynamic office space.

The premises will also encompass a 4-star luxury hotel, fully serviced extended stay apartments and upscale residences for sale, each offering a unique residential experience. Landmark Village will benefit from a vast parking tower providing an abundance of parking space for all residents and guests. The first of its kind Landmark Village precinct will provide preeminent comfort for a demanding office, retail, leisure and residential clientele in Nigeria’s commercial capital.

Warren van der Merwe, Chief Operating Officer of Vantage Capital, said: “We look forward to partnering with Landmark as they develop a world class mixed-use precinct in Victoria Island. We were impressed by the quality of the office buildings, and restaurants they have completed to date in Nigeria.”

Johnny Jones, Associate Partner at Vantage Capital, added: “I’m very impressed with Landmark’s long track-record of operating so successfully in a challenging environment like Nigeria. This type of transaction perfectly illustrates our firm’s investment strategy of supporting strong management teams of Pan-African businesses.”

Paul Onwuanibe, CEO of Landmark added: “We are excited to have Vantage partner with us on our journey to achieving the $5 billion valuation mark over the next decade. Our 19 year global and African real estate experience has keenly sharpened our insight in forging strategic alignments; especially in Africa. We are convinced the advent of Vantage will portend a marked acceleration towards achieving our goals and rewriting the African story.”

The Landmark investment is Vantage Capital’s second transaction in Fund III, which is targeting a final closing of $260 million and has a 60% allocation to countries outside South Africa. A Namibian and a South African transaction are expected to close during the first half of 2016 for a further aggregate investment of over $22million.

Luc Albinski, Managing Partner, said: “Nigeria has received much negative press recently with a number of South African companies running into difficulties there and some announcing their exit. We hope that this mezzanine investment, the twentieth in our history, and one that takes us to the R3 billion invested mark, will help convince investors that the country has much to offer for those willing to take a longer-term, more balanced view of the current challenges facing the country.”

According to Ademola Aofolaju, Managing Director of Investment One Capital Management, “our involvement in this transaction is in line with our strategic drive to structure and arrange long term, flexible capital for Nigerian businesses focused on providing solutions to the country’s real estate and infrastructure deficits.”

spot_img
spot_img

Hot this week

Inspenonline Unveils Think-tank on NIIRA, Insurance Sector Recapitalisation

As the insurance sector witnesses a new dawn with...

SanlamAllianz, Cornerstone, emPLE, Enterprise Life, Leadway, Lasaco Throw Weight Behind IMT 4.0

The fourth edition of Insurance Meets Tech (IMT 4.0)...

NCDMB, Coppercrux Engage South-South Youths on CNG Technologies, Opportunities in Value Chains

The Nigerian Content Development and Monitoring Board (NCDMB), in...

Fidelity Bank Champions Africa’s Export Growth at FNITCC Atlanta 2025

Leading financial institution, Fidelity Bank Plc has announced plans...

NAICOM, CAC Partner for 12- Month Recapitalisation Timeline

The Management of the National Insurance Commission (NAICOM) paid...

Topics

NCC Plans Socio-Economic Transformation via ICT Parks

  Nigeria’s independent telecoms regulatory authority, the Nigerian Communications Commission...

Equities Market Sustains Gains… NSE ASI up 1.74%

The local bourse opened the week sustaining the positive momentum...

Insurers Reap N1bn Tax Refund over 2007 Recapitalisation

Operators in the Nigerian insurance sector have been granted...

CIIN Donates 12, 000 Insurance Textbooks to Secondary Schools Nationwide

The Chartered Insurance Institute of Nigeria (CIIN) has distributed...

CBN Revokes Licence of Heritage Bank over Financial Incompetence

The Central Bank of Nigeria (CBN), in accordance with...

Dangote Thanks Tinubu, NNPC as Refinery Begins Production

  President of Dangote Group, Alhaji Aliko Dangote, elatedly thanked...

‘Only 1% of Nigerians Have Insurance Policy’

Mr. Tope Smart, Chairman, Nigerian Insurers Association (NIA) has...

Africa Oil Week Charts Future of Oil in Africa

The 2016 Africa Oil Week showcases 130 speakers with...
spot_img

Related Articles

Popular Categories

spot_imgspot_img