Appolonia announces JV to build 2-3 bedroom homes
Appolonia – City of Light, the mixed-use urban development near Accra, today announced a joint venture agreement to develop homes on 20 hectares of land at the landmark satellite city project.
The 2-3 bedroom houses to be constructed by Eban Properties will have prices ranging from $75,000 to $100,000. Show houses will be completed by December 2015.
The residential development, called The Oxford, is the second to be announced by the project developers this year. In March, Appolonia launched its 24-hectare Nova Ridge residential enclave, allowing homebuyers to design and build their own homes on a range of plot sizes.
“We are pleased to partner with Appolonia to bring world-class housing to Ghana’s pre-eminent mixed-use urban development,” said Kwabena Peprah, Chief Executive Officer of Imperial Appolonia, the joint venture company. “We look forward to bringing our Oxford property brand to clients in a world-class development designed for forward-thinking people”.
Nick Langford, Country Manager for Rendeavour, Africa’s largest urban land developer and lead partner in Appolonia, said, “Our joint venture to build The Oxford is a testament to Appolonia’s appeal to the Ghanaian real estate market and our team’s ability to execute on our development plans.”
Imperial Appolonia is a special purpose company founded by Francis Biney and Kwabena Peprah of Imperial Holdings. Between them, they have a total of 35 years’ experience in real estate development in Ghana. Francis specialises in developing high-end properties and Kwabena’s strength is in mid-level, affordable property. They bring these experiences and well established supply chains to create the affordable splendour of The Oxford.
Dormans Coffee breaks ground at Tatu Industrial Park
The Dormans Coffee Group, one of the leading coffee exporters and roasters in East Africa, has broken ground on its new global headquarters at the Tatu Industrial Park, the light industrial zone located at Tatu City.
Since announcing its move to Tatu Industrial Park in April, Dormans has obtained all necessary approvals to begin building on its 10-acre site, which will include the company’s corporate headquarters as well as processing, packaging, warehousing and trading facilities capable of handling more than 15,000 tonnes of coffee per year. When the facility is fully built, close to 200 Dormans employees will work at Tatu Industrial Park.
Tatu Industrial Park, which includes 420 acres of serviced industrial land, is located within easy proximity to Jomo Kenyatta Airport, Runda, Kenyatta University, UniCity, Thika Highway and the Northern and Eastern Bypasses, giving Dormans a unique gateway to Kenya, East Africa and the world.
Tatu Industrial Park is the ideal location for local, regional and international companies expanding in Africa through a hub in Kenya. Tatu Industrial Park provides power, water, sewerage and industrial-grade paved roads to light industrial plots of varying sizes.
Stephen Jennings discusses Tatu City and Kenya’s urban future
Founder and CEO Stephen Jennings has given a public lecture at the Louis Leakey Auditorium in Nairobi to discuss the 2,500 acre Tatu City project, and the way forward for urban development in Kenya. The lecture received an excited reaction from the capacity crowd who gathered to hear details on the project. The event was also streamed live on the internet with the Twitter hashtag #TatuTrueTalk reaching over 38 million impressions by the next day.