Monday, 8 April 2013

Lifestyle & Architecture: Icon house, Accra Financial Centre and the Junction Shopping Centre –set to add more gloss to Accra’s Skyline….



Icon House



Icon House is an A-grade office building in a prime location in the Airport City precinct in Accra, Ghana. Once completed, the building will offer tenants high-grade office (85%) and retail (15%) space within close proximity of Airport City, access to main highways, upmarket residential areas and Accra Mall.
Icon House is a mixed-used scheme, situated on 7 279m² of land, offering tenants:
  • Ground floor retail space (2 429m²)
  • Eight floors of A-grade offices (14 906m²)
  • On grade parking (43 bays)
  • Two floors of basement parking (290 bays)
Bulk earthworks have been completed, a boundary wall has been erected and Icon House now has reached the stage of casting the first floor slabs. The project remains on budget, with 30% of the budget being spent to date. A lease agreement with the anchor tenant was signed and all the necessary statutory approvals are in place

COUNTRY:Accra, Ghana
SECTOR:Office/Retail
TOTAL PROJECT COST:US$62m
FUND OWNERSHIP:40%
COMMITMENT DATE:July 2009
COMPLETION DATE:2013






The Accra Financial Centre


The Accra Financial Centre is strategically located in the financial hub of downtown Accra – offering future tenants secure office space with A-grade finishes, state-of-the-art IT infrastructure and superior amenities. The Centre is within walking distance of basic services such as hotels, conference facilities, health clubs and restaurants and is situated approximately 6km from Kotoka International Airport.
The Centre will offer 14 080m² prime office space, covered by:
  • Ground floor retail bank
  • Additional ground floor retail space (314m²)
  • Nine floors of A-grade offices (13 700m²)
  • Parking (369 bays)
The Centre is designed to meet international standard health and safety requirements and will offer tenants value-added safety and security benefits.
The Head of the Reserve Bank in Ghana recently attended a ‘sod turning’ ceremony of The Accra Financial Centre. Bulk earthworks for phase I of the development have started with excavations that will reach a depth in excess of ten metres. A second phase will be added above the parking podium to the west of the inaugural tower block – offering tenants an extra 4 000m2 of office space should the first phase of the development be insufficient for the demand for the high quality office space.
The Centre will have interchangeable floor configurations to suit a combined tenant profile of enterprises in the financial services, banking and retail industries.
So far, 55% tenants have been secured, including The Agricultural Development Bank (ADB) signing on as anchor tenant.
Read more about The Accra Financial Centre.


COUNTRY:Accra, Ghana
SECTOR:Office/Retail
TOTAL PROJECT COST:US$56m
FUND OWNERSHIP:89%
COMMITMENT DATE:October 2010
COMPLETION DATE:2014







The Junction Shopping Centre

The Junction Shopping Centre is a neighbourhood shopping mall project in the coastal town, Nungua in Accra, Ghana. The Centre will cover an estimated 27 436m2 and is ideally suited for small to medium-sized businesses – servicing the estimated 665 000 inhabitants in the primary catchment area.
The site has been cleared, a perimeter wall has been constructed and services are being redirected. Planning approval has also been granted by the local authorities. Although the project is in an early stage, Shoprite has expressed a keen interest in the project. Initial discussions on the terms of an anchor lease agreement with them have started.


COUNTRY:Accra, Ghana
SECTOR:Retail
TOTAL PROJECT COST:US$33.7m
FUND OWNERSHIP:92.2%
COMMITMENT DATE:December 2011
COMPLETION DATE:2014


Source: http://www.rmbwestport.com/



Paulina Opoku-Gyimah says: Fingers crossed if all go according to plan, Accra stands to become the glossiest, sexiest, most progressive city in Africa. With numerous shopping malls, high-tech uber stylish office spaces, chic homes and various gated communities due for completion within the next couple of years –Accra is about to go stellar.  The above projects: Icon house, Accra Financial Centre and the Junction Shopping Centre are by real estate investment management and development firm RMB Westport and look specular…  My only prayer right now –is that Kumasi will start to get some of this attention –because we truly can’t afford to be a one city state..  For more info about the above fabulous projects the RMB Westport website at: http://www.rmbwestport.com/projects.asp



More Info
All above to be built by RMB Westport.....
Africa currently has the world’s highest rate of urbanisation. It is anticipated that by 2050, the continent will be home to almost two billion people. These people will need homes, shopping malls and offices to work from.

RMB Westport has since its inception in 2008 achieved significant milestones in delivering high-grade retail, commercial and industrial property developments in Nigeria and Ghana respectively. The bulk of RMB Westport’s developments to date have been in the commercial real-estate sector, as well as the retail real-estate and industrial property sectors.

At RMB Westport we choose to invest in real estate opportunities in Africa where investment flows and broad-based economic growth is most lucrative. We target segments where the supply shortage is most severe – particularly in retail infrastructure, high-grade office space and warehousing and logistics centres.

We only partner with the highest quality contractors, leasing agents and service providers to ensure we minimise risk and maximise risk-adjusted return potential.

"RMB Westport is a real estate investment management and development firm, focusing on property developments in sub-Saharan Africa. RMB Westport is affiliated to Rand Merchant Bank, a division of FirstRand Bank Ltd."   http://www.rmbwestport.com/


 

1 comment:

  1. Looks promising. Hope they get completed on time.

    ReplyDelete