Vantage puts up $20 million in funding for Landmark Africa

Vantage Capital will provide Landmark Africa with $20 million of financing to support property development in Africa.

The funding will help the company pursue its mixed-used Landmark Village development on Victoria Island. The project is expected to host a four-star hotel, restaurants, office space, retail stores and parking.

“We are excited to have Vantage partner with us on our journey to achieving the $5 billion valuation mark over the next decade," Landmark CEO Paul Onwuanibe said. "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.”

During its nearly two decades in business, Landmark has developed more than 32 acres of land, including shopping malls and office complexes for large companies.