Published On: Wed, Apr 13th, 2016

Property developer secures funds to finance expansion

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LMV HOTEL OFFICELAGOS, (CAJ News) – LANDMARK Africa, one of Nigeria’s leading property developers, has secured funds worth $20 million (3,97 billion) to finance its projects.

Vantage Capital, Africa’s largest mezzanine fund manager, has provided the funds.

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.”

Paul Onwuanibe, CEO of Landmark, expressed excitement at having Vantage partner with us on our journey to achieving the $5 billion valuation mark over the next decade.

He said their 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,” said Onwuanibe.

Landmark, said the real estate company headquartered in Lagos, with offices in several countries including South Africa and the United Kingdom, has developed or managed over 130 000 m2 of prime real estate across the continent.

Locally, it is 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.

CAJ News

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