PROPERTY AND DEVELOPMENTS | Eris Properties Ghana (Eris Property Group)
ERIS PROP
Advanci
African Business Network
PERTY GROUP
ing Accra’s newest cohort of grade A office developments
PROPERTY AND DEVELOPMENTS | Eris Properties Ghana (Eris Property Group)
Eris Property Group began life in 2008, emerging out of the ashes of RMB Properties, a prominent property development and services company which had served the South African sector since 1987. Carrying the flame of RMB, Eris has progressed into a leading provider of commercial property services across South African and sub-Saharan markets.
along with leasing services in the country. In
The company’s transition beyond the borders
The services eventually offered by Eris will
of South Africa began when it recently came
include property assets management, retail
on board with a real estate private equity
services, listed sector and investments,
fund called the Momentum Africa Real
trading and investments, investment
Estate Fund (MAREF), which focuses on real
broking, property valuations and facilities
estate investments across five sub-Saharan
management, along with the services it offers
countries enjoying rapid development within
to the national market.
particular, the firm has focused the majority of its resources on property development services towards its flagship Accra projects – 335 Place and SU Tower. However, it is the long-term objective of Eris Properties Ghana to imitate the multitude of property services offered by its South Africa-based parent firm, once its initial flagship projects are complete and suitably embedded into the Ghanaian property market.
their market economies. “Full property management activities will Consequently, Eris recently established a
commence on completion of the two [Accra]
local presence in Ghana, one of the five
projects,” says Entsua-Mensah.
countries supported by the MAREF, with the West African nation highlighted as an
“We firmly believe by the completion of
auspicious hub for the firm’s ongoing sub-
these projects, the market will understand
Saharan property development strategy. With
the immense knowledge and skill we bring
a number of exceptional developments set to
to Ghana, which should create a greater
be unveiled in the near future Enoch Entsua-
willingness to deal with us again on other
Mensah, CEO of Eris Properties Ghana, cuts a
related commercial property services.”
profoundly enthusiastic figure talking to ABN.
Stable foundations
335 Place The first of two grade A Eris office
Still at the foundation stage of its story, Eris
developments in Accra is named 335 Place,
Properties Ghana is currently focused on
located in North Dzorwulu, an area which has
property development and advisory services
become known as the city’s oil & gas enclave,
African Business Network
Eris’s flagship building in Accra, 335 Place
PROPERTY AND DEVELOPMENTS | Eris Properties Ghana (Eris Property Group)
African Business Network with major regional players such as Tullow
but also close to recently constructed retail
Oil, Bulk Oil Storage and Transportation
and leisure developments, such as Accra Mall
(BOST) and Ghana Petroleum Commission, all
and Fiesta Royale Hotel.
having operational bases in the region. “In site location, strong consideration is given Additionally, close by to the development
to accessibility and proximity to amenities
is Airport City, an urban development area
and facilities that complement work lifestyle,
which has been subject to a significant
for instance restaurants, shopping centres,
figure of investment, from real estate to its
community schools and bus terminals, and
commercial and retail industries.
335 Place has been a perfect example of this.”
335 Place promises to become the region’s newest and sleekest office development, with
Construction work at the site is progressing
the finished article set to offer 9,985m² of
well, as piling works relating to the
leasable office space over 12 floors, along
substructure development were recently
with 380 parking bays.
completed, with the next phase of construction work on the ground floor
However, the $40.2 million project will
commencing.
not only resemble the latest high-tech, sustainably developed addition to Ghana’s
335 Place is currently on track for a
business district, but also sits in extreme
completion date of August 2018.
close proximity to the N1/Accra-Tema Motorway/George W Bush highway, along
SU Tower
with Kotoka International Airport.
Eris Ghana’s second landmark Accra development, named SU Tower, will sit
The ideal nature of 335 Place’s location will
proudly in the very heart of the capital’s
subsequently enable the development to
financial district when the ribbon is finally cut
evolve into a hive of commercial activity, with
in November 2018.
clients and investors not just from Accra, but around the world able to convene at
A uniquely designed 12-storey A grade office,
the office with utmost ease. The possible
SU Tower is set to become the jewel in the
business-inducing rewards of its location are
crown of Accra’s vibrant business region,
untold.
with its prime location once again a crucial contributing factor towards the bubbling
Site location is a crucial part of Eris Ghana’s
excitement generating around the project.
property development strategy, which is confirmed by 335’s positioning, not only
“When you look at the design of the tower,
being well-served by existing transport links,
the fact that it is 12 storeys means that the
PROPERTY AND DEVELOPMENTS | Eris Properties Ghana (Eris Property Group)
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building will become a very imposing feature
the building before travelling up to their
of the area.
respective offices, as opposed to parking outside the workplace.
“Combine this with the unique nature of its location and you begin to see why the
“We want efficiency and productivity to be
excitement is building,” exclaims Entsua-
at its best within these work places, which is
Mensah.
why particular consideration has been given to parking within the projects.
SU Tower is located alongside a double arterial roadway, which will allow for
“Saving tenants time in getting parking
motorists to conveniently navigate traffic
slots every morning has been an enduring
depending on the situation or time of
matter of concern throughout the entire
the day, expediting the daily commute of
development process.
employees working at the building. “We at Eris Ghana like to assist businesses by Furthermore, the design of SU Tower has
helping them understand the value of ways
incorporated a structured parking system
in which an office design can contribute to a
within the core of the building, allowing for
successful business through economy and
employees to park inside the confines of
improving the performances of its people.”
Resource GlobalNetwork Network African Business
Facilitating economic growth
placed to contribute to this economic revival with the finalising of its 335 Place and SU Tower developments.
Prior to around 2013/14, led by a rapidly developing business sector in Accra, Ghana
Furthermore, Ghana (and Accra in particular)
was viewed as a stand-out model for African
remains an increasingly attractive business
growth, with a strong GDP driven by gold,
destination, on a continental and worldwide
cocoa and oil exports.
scale.
However, around three years ago the
“Notwithstanding the economic slowdown
Ghanaian economy dipped as the nation
particularly in the last two years, Accra is
became afflicted by a growing public deficit,
still experiencing sustained interest from
high inflation and a weakening currency.
international and local companies wishing to enter and expand their market; they require
But upon receiving a monetary aid
world class commercial office space.”
programme from the IMF and stabilising its macroeconomic sector, promising growth
This is exactly what Eris will provide with its
levels returned in 2016. With Ghana’s GDP
landmark Accra developments, which will
growth set to reach 7.5% in 2018, Eris is well
act as a homing beacon for international
PROPERTY AND DEVELOPMENTS | Eris Properties Ghana (Eris Property Group)
commerce, bringing greater economic
advantage of this with our landmark Accra
advancement to the city.
developments, along with some additional projects in our pipeline.”
“I firmly believe the addition of these projects speak volumes about the direction we believe
Not only is Eris providing a platform for
the Ghanaian economy is headed in,” gleams
commercial and economic development with
Entsua-Mensah. “There is a growing optimism
its two grade A office developments, 335
that things are on the right trajectory though
Place and SU Tower will also become symbols
it may take a little while.
of pride for the people of Accra, as the city solidifies its position among Africa’s elite
“Demand for well thought-out offices will
business destinations.
become even greater in the next two to three years, and Eris is well poised to take
With Eris Properties Ghana set to deliver
African Business Network
an exciting flurry of projects over the next
“There is a lot of both foreign and local
few years, Entsua-Mensah finds himself in a
interest in the property sectors. Before
bullish mood regarding the success that Eris
investors were just watching but now they
will bring to Ghana.
are jumping head first into projects.”
“When you take a careful look at the Accra skyline, you can gradually see the changes that are afoot. “We are about to deliver two grade A properties to Accra with an even greater
CONTACT http://www.eris.co.za
supply pipeline. Ghana does not yet have the
+233 0207 176 647
investment property portfolio of South Africa,
info@eris.com.gh
but we’re on the right path.
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