Nov 22,2018 / News / Legal Brief

Werksmans acted as South African counsel and lead counsel to Vantage in relation to USD12,500,000 funding provided by Vantage to Purple Retail Limited (, a prominent Nigerian real estate company, developer and financial service provider. The funding was used by Purple Retail Limited to fund as developer, the iconic 6,000m² Maryland Mall (, a neighbourhood shopping centre in the Ikeja district of Lagos, Nigeria.

Werksmans drafted, negotiated and finalised the Facility Agreement and Preference Share documentation in respect of the funding and liaised with various counsel in the jurisdictions mentioned below in order to get the matter finalised.

This matter was important since the borrower team epitomizes the best of Nigeria’s entrepreneurial spirit with its ability to navigate a demanding operating environment to create market-leading developments. Maryland Mall is one such development, a uniquely inviting family destination for Lagosians of all ages.