Lango Real Estate, a Mauritius-headquartered real estate firm focused on the African commercial property market, stated that it could go public on the London Stock Exchange by the second quarter of 2025.
“Ideally, all stars aligning, we’d like to get the IPO out of the way before March 2026 and the thinking is Q2 of 2025 but we’ll have to see how the cycle goes,” said Managing Director Thomas Reilly in an interview with Reuters.
Reilly said the company is in discussions with the London Stock Exchange to start the listing process, although that could be delayed if Africa’s market conditions become frayed. Lango has focused on West Africa and is preparing to establish an East Africa presence, beginning in the Kenyan capital Nairobi and then expanding into Tanzania, Rwanda and Ethiopia,.
“If you look at us now, we’ve historically been more West Africa heavy and there is a recognition on our side, strategically, to take a bit more of a diversification viewpoint in that we need to really become much more of a Pan African player,” Reilly said.
Photo: Thomas Reilly, courtesy Lango Real Estate.