The Oxford breaks ground at Appolonia
Appolonia – City of Light, the mixed-use urban development near Accra, has broken ground on its newest residential development, The Oxford. An event at the project site was attended by Stephen Jennings, founder and CEO of Rendeavour, Africa’s largest urban land developer and lead partner in Appolonia, and the Chief and Elders of the Appolonia Community.
Jennings reaffirmed Rendeavour’s commitment to providing developments that will relieve the congestion of major cities in Africa: “In Accra, we are well on the way to fulfilling this promise. The work undertaken by the local team over the last year is testament to this commitment and helps ensure that our developments transform the urban landscape and assist in improving the local economy.”
Earlier this month, Appolonia announced its joint venture partnership to build 424 two and three bedroom homes with its new partners, Francis Biney and Kwabena Peprah. The development on 20 hectares of the 941 hectare Appolonia site is being constructed by Eban Properties and will have prices ranging from $75,000 to over $100,000. The show houses are to be completed by January 2016.
Appolonia CEO Anthony Okyere thanked the local community and applauded their determination and foresight in allowing the project to move at such speed over the last year. “The Oxford is our second residential development to break ground this year. Without the support of all our partners, this would not be possible. We are now looking forward to our first residents moving to site in 2016.”
Acer Infrastructure to build offices in Roma Park
Acer Infrastructure Ltd., a leading Central and East African construction company, has been contracted to build an office block at Roma Park, the mixed-use urban development in Lusaka.
Acer Infrastructure will build the seven storey, 4,878 sqm office facility, which is due for completion in May 2016. The building offers three levels to rent or purchase for commercial use with the ground level being ideal for retail. The top three levels are to be used by Mt Meru Group.
Acer Infrastructure is part of Mount Meru Group, a 1,000 employee, diversified company with operations in Central and Eastern Africa.
The Roma Park development is a joint venture between CPD Properties and Rendeavour, Africa’s largest urban land developer.
CROWDS FLOCK TO APPOLONIA, CITY OF LIGHT OPEN DAY
An Open Day held by Appolonia, City of Light, the mixed-use urban development near Accra, attracted large crowds at the weekend to Appolonia’s fast-selling Nova Ridge residential community.
The Appolonia sales teams presented the entire project concept to clients with buses used to provide tours around the site, so buyers could experience at first hand the infrastructure already on ground. 25 visitors took advantage of the special offers available and purchased plots, with Phase 1 now being almost sold out.
Attendees of the event included a range of buyers and stakeholders from all areas of Accra including the Chief and Elders of the Appolonia Community, together with their retinues.
Mr John Amuah, a prospective buyer attending the event, seemed delighted at the infrastructure on ground: “Appolonia is fantastic! With the recent rains I was concerned that like much of Accra the place would be flooded, and was greatly surprised to see the land was dry.”
The event also witnessed the participation of other industry players, such as home financing companies Ghana Home Loans and HFC Realty, the landscape architect Calcos, the building architect De Arc and building contractors Eban and New Africa Construction Company Limited. These companies and others are working alongside Appolonia to help Ghanaians make their dream homes a reality.
By the end of 2016, land values and demand for land at Appolonia are expected to more fully reflect the “advancing” nature of the project, according to Rendeavour, Africa’s largest urban land developer and the main partner in the project. By then, many areas will have started full construction, including Appolonia’s recently announced second residential development The Oxford, as well as Nova Ridge individual houses, schools and retail.
Nick Langford, Country Head for Rendeavour, remarked on the work done by the team. “This is the culmination of four years hard work carried out by a dedicated team of real estate professionals, and the delivery of Rendeavour’s mission to create mixed-income, mixed-use developments across Africa. The first building blocks are now being laid for the creation of urban developments of highly quality with superior infrastructure.”