The Accra Mall, West Hills Mall and Kumasi City Mall have been taken over by a South African real estate investment firm, Lango.
This follows the completion of a new transaction deal worth more than US$200 million.The move is part of decision by Lango to enter more African markets with its retail business strategy.
The company’s portfolio now comprises high-quality commercial real estate assets across Ghana, Zambia, Nigeria and Angola.
The new chain of properties add to its already existing business spaces in Ghana including the Achimota Retail Centre, Accra Financial Centre, Stanbic and Standard Chartered head offices in Ghana.
In addition, the company has properties in other parts of the continent including Manda Hill Shopping Centre in Zambia, and The Wings office complex in Victoria Island, Lagos.
According to Lango, Ghana’s acquisition is expected to position the group as one of the focal Estate development firms in Africa as it adds the Kumasi City Mall and Ikeja City Mall in Lagos Nigeria.