Gateway Real Estate Africa (GREA), a private real estate development company specializing in turnkey construction in Africa, today announced the construction of its first building of commercial offices located in Appolonia City , Ghana . It is a new inclusive mixed-use city in Greater Accra 20 kilometers from the center of the capital.
The Grade A retail complex will provide business offices and retail space and will be anchored by Appolonia City, where it will house its headquarters and sales office. Four million US dollars will be invested to complete the first phase of this project.
With completion scheduled for 2022, the four-story building will benefit from the City of Appolonia’s existing world-class infrastructure in the form of roads, energy, water, waste management and ICT.
“As with all of our real estate solutions in Africa, the Appolonia City office building will feature quality rentals and strong partners, starting with Appolonia City itself,” said Andre Janari, GREA’s chief investment officer.
Appolonia City CEO Bright Owusu-Amofah commented: “We already have a high demand for offices and commercial premises from businesses and individuals who want to enjoy our living, working and playing environment, including offices, homes, schools and shops nearby “.
Appolonia City is a new city planned following the 2,325 acre master plan in Greater Accra. Designed and delivered by Rendeavor, Africa’s leading city developer, Appolonia City is designed to cater for integrated living. With more than 700 homes completed or under construction, Appolonia City is fast becoming the preferred destination for businesses and individuals moving away from Accra’s heavy traffic and seeking a healthy, traffic-free environment.
The construction of GREA’s commercial office building will support Accra’s economy , all thanks to GREA’s synergies with Ghanaian professionals such as construction specialists, highly skilled engineers and construction workers.
GREA is a subsidiary of Grit Real Estate Investment Group (Grit), the largest African real estate income group. Sir Samuel Jonah , one of the leading businessmen in Africa and Ghana , is a member of Grit’s board of directors.
Sir Samuel explained: “The investment made with Gateway Real Estate Africa in Appolonia City’s first office building is a demonstration of GREA and Grit’s vision of superior real estate in Africa, serving as a benchmark for international investment led out in Ghana . “
Samuel Obiri-Yeboah, SObiriyeboah@rendeavour.com , email@example.com