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Eris Property Group sets the benchmark for developments in Accra Ghana

Category News: Ghana

Two new A-Grade offices are currently being developed by Eris Property Group in Accra Ghana setting a new benchmark for developments in the country. These two properties namely 335 Place and SU Tower offering first of its kind office buildings for Ghana are being developed at a combined cost of $83,2 Million.

These iconic developments were brought about by the demand for Grade “A” buildings by both international and local tenants particularly in 2013 which was at the height of strong macro-economic performance in Ghana and the West African Sub-Region.  This demand was the foundation on which the MAREF (Momentum Africa Real Estate Fund Fund) was premised. MAREF is an African commercial real estate development joint venture between Momentum Global Investment Management in London and Eris Property Group in South Africa. Both companies are fellow subsidiaries of MMI Holdings Limited.

335 Place is a 12-Level 9 985square meter office tower scheduled to open August 2018 and The SU Tower is a 12 835 square meter office tower scheduled to be completed in November 2018.

335 Place;

Synonymous to quality, accessibility and functionality, 335 Place is the first of its kind within the Accra Metropolis; a premier green-rated commercial office building smartly integrated with structured parking. It’s a 12-level tower located along the Accra-Tema Motorway with a leasable space of 9,985 m² and a parking allocation of 385 bays.

Construction started in June 2016 and completion is expected in August2018, however it is already 70% pre-let. This office tower has attracted key tenants within the energy and telecommunications industries with major corporations such as; BAj Freight and Logistics Limited, Surfline Communications and Woodfields Energy resources.

335 Place is in close proximity to amenities such as the Kotoka International Airport, 3-4 star rated hotels such as African Regent and Fiesta Royale, Accra Mall, excellent residential facilities, community schools and clinic etc. Its strategic location with multiple entry and exit points gives direct access to the Tema Metropolis which resonates majorly with the manufacturing, logistic and warehousing industries.

335 Place is currently home to blue-chip companies within the telecommunication and the oil and gas industries. 335 Place offers unparalleled branding opportunities for all corporate tenants. At the heart of 335 Places’ design are well-laid out floor plans which provides maximum efficiency. With the core of the building catering for elevators, fireman room, janitorial services, load factors within the building is reduced to its barest minimum. On the 12th Floor of 335 Place would be an attractive sky-bar and restaurant providing a panoramic view of the Accra sky-line. To complete an ideal business environment would be a stunning reception area, ATM, Café and Bistro.

Green form (form or from?) the ground up 335 Place is designed ultimately for clients; the development is well mapped with smart integrated office systems and eco-sustainable features to reduce energy consumption. The building innovatively addresses the challenges of energy, water and resource efficiency by implementing passive features and behaviour modification strategies. Its flushed glazed insulating units with reflective and tinted performance glass to conform to the requirements of SANS 204, SANS 10400 designed to reduce energy consumption.

Specifications

  • 8 Levels of grade “A” office space with large, flexible and open-plan floor plates of 250-1000 square metres
  • 4 levels of structured parking providing a total of 350 on-site parking bays
  • 24-Hr access control, door monitoring & CCTV
  • Spacious and stunning reception area
  • Tenant installation allowance for partitioning, carpeting and blinds
  • Unparalleled visibility and corporate branding along the NI Highway
  • Back-up generators for emergency services providing up to 48- hours of 70% capacity
  • Dedicated on-site water storage of 260,000 litres interfaced with sprinkler and hydrant system
  • Dedicated ATM, Forex Bureau and Café
  • Dedicated corporate image and signage areas

The SU Tower;

The SU (Scripture Union) Tower is a game–changer for corporate workspace in Accra. A grade “A” office offering with an appreciable appeal of retail: placing your business at the centre of it all.

SU Tower would be the first in the city to offer integrated structured parking solution within the commercial office space. The parking solution offers 424 bays offering decent parking to occupants and their employees and visitors.

SU Tower is  12 835 square metres of modern but sustainable space, prized for its superior access, prestigious corporate address and excellent proximity to amenities. Strategically sitting at the intersection of the Kanda Highway and the Castle Road within the Ridge enclave of Accra.; the SU Tower is visible from all cardinal points of its location offering the discerning occupier unique placement and an enviable corporate identity. The property easily connects to the Ridge Hospital, Bank of Ghana, Ghana Stock Exchange, Movenpick Ambassador Hotel, major financial institutions, the central business district, the OSU retail offering of shopping centres, restaurants and fine dining etc.

This new urban corporate building will provide its tenants namely Metropolitan Group of Companies, Hydra Offshore Group, SIC Financial Services Limited and Sahel Sahara Bank with an inspiring, daylight-filled and highly flexible work environment. As a significant building of the 21st century, the project will offer greater comfort, efficiency and productivity for its tenants, employees and its visitors.

With advanced sustainability and green practices in designing; SU Towers offers large open floor plates of 1,200 square metres and abundance of natural light, ultimately reducing property operating expenses.

With the core of the building catering for elevators, stunning lobbies and hallways, SU Tower offers large open floor plans tastefully designed with the barest load factor; providing the best economic deal on space efficiency. The floors are enhanced with energy-saving building management systems which ultimately reduce operating expenses and other pass-through costs.

Adding to the theme of contemporary lifestyle, SU Tower also offers a Café & Bistro, an Auto Showroom and Forex Bureau.

SU Tower is already home to blue chip companies within the financial and service industry.

FEATURES

  • 9 levels of grade “A” office space with large, flexible and open-plan floor plates of 250-1000 square metres
  • 5 levels of structured parking providing a total of 424 on-site parking bays
  • 3 Dedicated Passenger lifts, dedicated fireman lift and Goods Lift for easy relocation
  • 24-hour access control & security, Door Monitoring and CCTV
  • Dedicated corporate image and signage areas
  • Dedicated storage facilities
  • Dedicated property management
  • Dedicated on-site water storage of 260,000 litres interfaced with sprinkler and hydrant system
  • Soft and Hard Landscaping with indigenous and local materials
  • Tenant Installation Allowance for Partitioning, Carpeting and Blinds
  • Back-up generators for emergency services providing up to 48-hours of 100% capacity

ABOUT ERIS PROPERTY GROUP

Eris Property Group (Proprietary) Limited (Eris) is a property development and services group, which provides a range of commercial property skills in the South African and sub-Saharan African markets. Eris Property Group employs 405 people across 7 offices.

Eris understands that all levels of property related decisions are critical to the long-term success of all stakeholders; our attention to detail ensures optimal and efficient solutions. The full spectrum of property services we offer include:

  • Property Development
  • Property management
  • Asset management
  • Proprietary investment
  • Leasing and investment broking
  • Property and advisory services
  • Valuations
  • Retail Services

The shareholders of Eris are: MMI Holdings Limited & Eris Management

Eris Property Group (Pty) Ltd has successfully developed commercial properties to the value of R32bn since 1993 with a GLA value of 1,7 Billion square metres.

ABOUT MAREF (MOMENTUM AFRICA REAL ESTATE FUND)

MAREF is a private equity real estate fund that is jointly managed by Momentum Global Investment Management  (a London-based subsidiary of MMI Holdings Limited) and Eris Property Group . MAREF has a $170m investment capital base of which 25% is currently committed to projects.  Both Eris and Momentum believe that investing in the development of commercial real estate is an exciting way for investors to support and participate in the rise of the African consumers.MAREF is aimed at long-term institutional investors as a capital growth offering.

MAREF has a term of 8 years with two one year extensions and has a geographic focus of Sub-Saharan Africa ex South Africa.

Author: Eris

Submitted 22 Aug 18 / Views 1808