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Accra Aparthotel project, Ghana

1st September 2017

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Accra Aparthotel project.

Location
Accra, Ghana.

Client
1 Oxford Street, a joint venture between Wonda World Estate, part of the Kwarleyz Group, and the Cola Group.

Project Description
The project entails the development of a 14-storey upmarket building, which will feature 104 apartments, including four penthouses; two floors of retail and leisure space; and two floors of basement parking. 

Each apartment will feature a kitchenette, which will provide flexibility for in-room dining and self-catering. 

The project includes a swimming pool, restaurant, bar, gym and spa.

Jobs to Be Created
Not stated.

Value
The project is estimated at $51.4-million.

Duration
Not stated.

Latest Developments
The International Finance Corporation intends investing up to $18-million in the project. 1 Oxford Street is negotiating with several professional third-party hotel operators to operate the hotel.

Key Contracts and Suppliers
IFC (loan finance).

On Budget and on Time?
Not stated.

Contact Details for Project Information
1 Oxford Street CEO Nana Kwame Bediako, tel +233 244 684 848 or email nkbediako@petroniacity.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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