Ghana Home Loans acquires commercial plot at Appolonia
Ghana Home Loans Limited the leading home finance institution has announced its acquisition of the first commercial plot at Appolonia, City of Light, the mixed-use urban development near Accra. The company intends to place a branch at the site to provide financial services and support to individuals who wish to build or buy homes within the project.
Commenting on the acquisition, Mr. Dominic Adu, CEO of Ghana Home Loans said, “Appolonia is a bedrock of opportunity for the Accra real estate sector, and Ghana as a whole. Their vision is well thought out and being a part of it will enable us continue do what we do best – providing a suite of appropriate home finance products to Ghanaians. Our residential housing products fit perfectly into Appolonia’s goal, be it home or land acquisition, home completion or construction, we will be there to provide financial support and education every step of the way”.
Construction of the branch will begin by the third quarter of 2016 with an initial staff strength of five. This will increase in line with the speed of development at Appolonia. Financing will be available to purchase either plots within the ‘Buy and Build’ development of Nova Ridge or a home within the new housing development, The Oxford. Appolonia is planned to be a self-sustaining satellite city with the requisite infrastructure and all the benefits of urban living. At full capacity, Appolonia will have approximately 80,000 residents with 22,000 housing units.
“Ghana Home Loans is now a household name, and has become synonymous with housing finance.” said Anthony Okyere, Chief Executive Officer of Appolonia City of Light. “Their presence at Appolonia will give individuals the opportunity to buy, build or complete their dream house within our residential enclaves and be part of the Appolonia vision”
About Ghana Home Loans Limited
Ghana Home Loans (“GHL”) is a home finance institution which operates under Bank of Ghana supervision as a non-bank financial institution. At present, the Company remains the only such institution that focuses exclusively on the provision of mortgage product. Since it’s inception, Ghana Home Loans has disbursed loans in excess of $150 million through their housing products including;
- Home Purchase Mortgage
- Home Equity Mortgage
- Home Completion Mortgage
- Home Construction Mortgage
- Land Purchase Mortgage
- Quick Cash
Tatu City launches television commercial
Tatu City, the 2,500-acre mixed-use urban development on the outskirts of Nairobi, has launched its first television commercial in the Kenyan market, signalling a new stage of the revolutionary project that will ease the burdens of urbanisation and population growth on Nairobi.
The commercial, which illustrates the live-work-play lifestyle available for the development’s eventual 100,000 residents and hundreds of businesses, is set to the inspirational song “What a feeling”, the Academy Award-winning international hit by American actress-singer-songwriter Irene Cara.
As viewers of the commercial take a journey through the future that is Tatu City, the lyrics – “What a feeling, take your passion and make it happen! – compliment Tatu City’s own motto: “Live your dream. Make it happen.”
The commercial, which features an all-Kenyan cast actors, begins its run on Kenya’s NTV channel in prime time this week, and will make appearances in other media channels throughout the year.
The launch of the commercial comes as Tatu City rapidly develops. The project’s first residential phase, Kijani Ridge, is selling rapidly and more housing developments will be announced in the coming months. Meantime, Tatu Industrial Park, which includes 420 acres of serviced industrial land, is welcoming its newest tenants – Unilever, Dormans, Kim-Fay and Maxam – to the site.
Tatu City is located within easy proximity to Jomo Kenyatta Airport, Runda, Kenyatta University, UniCity, Thika Highway and the Northern and Eastern Bypasses.